JACKSON, Miss.
Alcorn State University has received $1.7 million in endowment money as
part of the settlement of Mississippi’s college desegregation lawsuit.
The state College Board approved the distribution last week.
Alcorn, one of three historically Black universities in Mississippi,
earlier received $1.4 million, its 28 percent share of $5 million
allocated to the publicly funded endowment.
Officials said it would soon receive its 28 percent share of $1 million
in a privately funded endowment. This disbursement was the first time
endowment funds were allocated to any of the schools.
Alcorn became eligible for the funds this year, its third year in a row with a non-Black enrollment of more than 10 percent.
Settlement of the case provided that Alcorn, Jackson State University
and Mississippi Valley State University would each get a portion of
what will one day be a $70 million publicly funded endowment once they
sustain 10 percent non-Black enrollment for three consecutive years.
