September 23, 1999
Gates Pledges $1-Billion in Scholarships
Just weeks after catapulting up the ranks to become the nation's largest foundation, the Bill and Melinda Gates Foundation has pledged $1-billion over 20 years to start a college scholarship program for low-income minority students.
The "Gates Millennium Scholars" program will be administered by the United Negro College Fund, in Fairfax, Va.
"This is a historic effort to improve the diversity of higher education," said William C. Gray III, president of
This content is only for subscribers. You can gain access by purchasing a:
Print Subscription
Digital Subscription
Already have an account? Log In Now.
Get more great stories about the nonprofit world delivered to your inbox every weekday. 
