The billionaire industrialist Koch brothers, known best for shepherding big money to conservative causes and candidates, have given a $25 million grant to the United Negro College Fund, the organization announced Friday.
The money will come from Koch Industries Inc. and the Charles Koch Foundation, which are headed by the brothers. Most of the money ($18.5 million) will go toward a scholarship program. The other $6.5 million is provided for general support to historically black colleges and universities and the UNCF, with $4 million set aside for loan assistance.
The UNCF is the nation’s largest minority education group.
Such a highly-publicized gift is unusual for Charles Koch. His foundation routinely gives away lots of money, but typically with little fanfare.
“Increasing well-being by helping people improve their lives has long been our focus,” Charles Koch said in a statement. . .