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Special to the Times
Miles College will receive $1 million in permanent endowment capital as one of 12 UNCF member institutions selected to benefit from a historic $12 million gift from the James and Judith K. Dimon Foundation.
The gift establishes the Dimon Fund to Advance Economic Opportunity and places resources directly into the permanent endowments of the selected Historically Black Colleges and Universities (HBCUs).
Strengthening the endowment will enhance Miles College’s ability to plan long term, invest in students and academic programs, address institutional needs, and build a strong foundation.
“This investment represents more than a generous gift to Miles College; it is an investment in our ability to serve generations of scholars yet to come,” said Dr. Bobbie Knight, President of Miles College. “Building a strong endowment gives institutions like ours the capacity to think beyond the needs of today, expand opportunity, strengthen academic pathways, and prepare our students to lead in fields where their talents are deeply needed. We are grateful to the James and Judith K. Dimon Foundation and UNCF for recognizing Miles College’s strength and believing in the lasting impact of HBCUs. Their commitment allows us to continue building with intention, with confidence, and with our scholars’ futures at the center of everything we do.”
Miles College President Bobbie Knight.This award supports Miles College as it expands academic offerings, partnerships, and opportunities for students, positioning the institution for continued growth.
“Endowment growth is an important part of advancing President Knight’s vision for Miles College and ensuring that the progress we make today continues well beyond our generation,” said Dr. Erskine Faush Jr., Vice President of Institutional Advancement and Development at Miles College.
“We are grateful to UNCF for its continued advocacy, diligence, and commitment to HBCUs. Support of this magnitude strengthens our ability to continue rising, growing, and creating greater opportunity for Miles College and our scholars.
With this investment, Miles College moves into its next chapter with greater capacity to build, innovate, and respond to the evolving needs of its students and the communities it serves. The strengthened endowment will provide a foundation for future academic growth, expanded student opportunity, institutional resilience, and investments that can shape the College for generations.
For Miles College, the significance of this gift extends beyond the immediate value of the award. It represents the power of sustained investment in HBCUs and the enduring impact that can occur when institutions are equipped not only to meet today’s needs, but to imagine and create what comes next. As Miles continues to grow its academic footprint and prepare scholars for an increasingly complex global workforce, this investment will help ensure that progress is both intentional and lasting.
