Matthews, W. and Critchlow, P. The ScholarshipBuilder Children of 1988: How They Fared.(November 2020)
In 1988, when Westina was Secretary of the Merrill Lynch Foundation, Merrill Lynch – in partnership with the National Urban League — made a promise to 250 randomly selected predominantly Black inner-city first graders (the Class of 2000) in 10 cities across the United States (Atlanta, Boston, Chicago, Detroit, Houston, Los Angeles, Miami, New York, Philadelphia, and Washington DC). These first-graders were promised that if they graduated from high school and enrolled in college, the company would pay the entire cost of their higher education or technical training. For those who finished high school and chose instead to enter full-time employment or the military, a one-time stipend would be provided. This report summarizes the outcomes of that investment thirty-two years later.
To learn more, read the study.