Today's investors are progressively seeking more than just financial returns. BOLD shares allow clients to make a direct social impact with their liquidity investment by supporting the Howard University Graduation, Retention and Access to Continued Excellence (GRACE) Grant at no additional cost.
BOLD and BOLD Future shares are offered through our flagship Dreyfus Government Cash Management fund. As extensions of our largest fund in the government money market category, as well as in the most significant liquidity space, both share classes include a charitable contribution to Howard University, a leading Historically Black College and University (HBCU).1
Since 2022, the BOLD impact is strong with over $1 million donated to the Howard University GRACE Grant. In addition, BNY and Dreyfus have mentored more than 30 students, hosted almost a dozen interns and hired two Howard University graduates to the BNY Analyst program.
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 9% increase in retention, and an 18% increase in graduation rates compared to students in the same financial category who did not receive GRACE funds. These students now show an average four-year graduation rate of 67%.2
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 2023-2024 academic year, most recent data available.