Investment

Ford Fund investment in Spelman College students changes lives

A behind-the-scenes investment from the Ford Motor Company Fund has earned praise from one prominent venture capitalist who said the company’s strategy is recognition of Black Girl Magic.

What began as a pilot project at Spelman College — a prestigious, Atlanta-based school known for its commitment to educating Black students since 1887 — is now an established success story, Darryl Holloman, school vice president of student affairs, told the Free Press.

The Dearborn-based, 119-year-old automaker, which has a long history of investing in diverse and underserved communities through its charitable arm, created a program at Spelman College to help first-generation college students get the support they need to flourish. Ford Fund’s continued investment is a recognition that Black women are in the spotlight as a fast-growing segment of entrepreneurs, major decision-makers and community leaders who are shaping and changing America’s political landscape.


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