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2022 Paul Quinn College surprised the class with a gift of $ 250K

The investment fund will be managed by JP Morgan Chase and will be available to 2022 graduates in 10 years, school officials said in a statement.

DALLAS – Paul Quinn College’s 2022 class began with a big surprise on Saturday: a $ 250,000 investment fund from Alfred Street Baptist Church.

Dr. Michael J. Sorrell, president of Paul Quinn College, said the gift is part of an initiative to fight intergenerational poverty.

“We went to Alfred Street Baptist Church and my friend Dr. We are really grateful to Wesley. The vision needed to make such an investment is as extraordinary as it is generous, ”Sorrell said. “With this gift, we will create a trust fund for 2022. In doing so, we make a non-common asset management / construction tool available to first generation college graduates and Pell Grant recipients. The number one tool in the fight against poverty is access to capital. Together, Alfred Street and Paul Quinn are confident that PQC’s 2022 class will begin their post-college lives on the right foot. We can never say enough “thank you” to Dr. Wesley and his extraordinary meeting. “

The investment fund will be managed by JP Morgan Chase and will be available to 2022 graduates in 10 years, school officials said in a statement.

Paul Quinn College officials also said their goal is to build a Street Gift by providing additional contributions and increasing the value of the fund. The fund will go directly to students and give them material and monetary gifts that will grow as students continue their education or career pursuits. officials said.

“Congratulations to the 2022 class! Revered Dr. Pastor of Alfred Street Baptist Church. Howard-John Wesley said the graduating class spent at least half of their college careers facing great stress and hardship in the global pandemic. our mental and physical health and especially its impact on the Black community. These continued students deserve special mention, and I am pleased to bless these bright young leaders who have the brightest future, along with the incredibly benevolent community of Alfred Street Baptist Church. We hope that this gift will sow seeds for Paul Quinn’s students and allow them to become whatever God calls them to be. “

Paul Quinn’s 145th graduating class was the largest since 2008 and has been on a “steep ascent trajectory” in recent years, the school said.

2022 Paul Quinn College surprised the class with a gift of $ 250K

Source link 2022 Paul Quinn College surprised the class with a gift of $ 250K

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