This year’s best-known politically active billionaires — liberal Tom Steyer and the libertarian Koch brothers — drew headlines Friday for a pair of hefty charitable contributions, but that’s where the similarities end.
Charles and David Koch donated $25 million to the United Negro College Fund, a gift that will support historically black colleges and provide nearly 3,000 merit-based awards to undergraduate and graduate students, the scholarship organization announced Friday.
“UNCF is proud to announce this new scholarship program that will help motivated and deserving students not just get to and through school, but to become our next generation of innovators and entrepreneurs,” said UNCF president and chief executive Michael Lomax said in a statement.
“We are enormously grateful to Koch Industries and the Charles Koch Foundation for their long-standing support of UNCF and for helping to create new opportunities for earned success and a better future for our students,” said Mr. Lomax.
Meanwhile, San Francisco billionaire Tom Steyer announced Friday that he and his wife Kat Taylor have established a $2 million fund for victims of “extreme weather events” caused by climate change.
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