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At Howard University their motto is, "We prepare diverse, talented and ambitious students to learn, lead and embody excellence in truth and service." At BNY Mellon we are proud to help deserving students on their educational journey and look forward to their contributions to the world.

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Today’s investors are progressively seeking more than just financial returns. The BOLD® share class, which stands for Black Opportunity for Learning and Development, allows clients to make a direct social impact with their liquidity investment.

Available exclusively through BNY Mellon, the new share class is offered on our flagship Dreyfus Government Cash Management fund. As an extension of our largest fund in the liquidity space, the BOLD® shares include a charitable contribution to Howard University, a leading Historically Black College and University (HBCU).1

The BOLD® shares support Howard University’s Graduation Retention Access to Continued Excellence (GRACE) Grant by making an annual donation to help remove financial barriers and improve graduation rates for students.



Investors can make a significant impact with their cash investments and support Howard University, one of the most distinguished universities in the country. Partnering with Howard University to help empower the next generation of leaders is an honor. This initiative is just the first step in a long journey with Howard and their graduates.

John Tobin
Chief Investment Officer, Dreyfus




Howard University’s GRACE Grant helps enable students with the highest need to remain on track for graduation. Since its inception, GRACE recipients saw an average 15% increase in retention and an average four-year graduation rate of 78%, a 32% increase compared to students in the same financial category who did not receive GRACE funds.2


We believe social responsibility is more than representation in board rooms. This initiative is part of BNY Mellon’s commitment to diversity, equity and inclusion and is the next step in our efforts to drive meaningful change at our firm, in our communities and across the industry at large.

Valuing a Legacy of Education

The Dreyfus BOLD® commitment to Howard University through Dreyfus’ Government Cash Management fund brought forth perspectives from BNY Mellon’s own employees on the value of an HBCU education.


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Dreyfus Government Cash Management’s BOLD® shares are offered exclusively through BNY Mellon.
Please contact your sales representative for additional information.


1The Higher Education Act of 1965, as amended, defines an HBCU as: "...any historically black college or university that was established prior to 1964, whose principal mission was, and is, the education of black Americans, and that is accredited by a nationally recognized accrediting agency or association determined by the Secretary [of Education] to be a reliable authority as to the quality of training offered or is, according to such an agency or association, making reasonable progress toward accreditation."

2Source: Howard University as of the 2021-2022 academic year.