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10/21/2020, 3:13 PM (Source: TeleTrader)
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Morgan Stanley to give $12M for 'Black Colleges' program

American multinational investment bank and financial services company Morgan Stanley said on Wednesday it will "cover education expenses for 60 students at historically Black colleges and universities (HBCUs)." The company stated it is trying to address racial injustice after the death of George Floyd.

According to the statement, the Morgan Stanley HBCU Scholars program will provide the entire cost of attending Howard University, Morehouse College or Spelman College for pupils in any field of study.

The firm said it will spend $12 million on the program during the next four years.

Breaking the News / TF