Howard University has announced a $5 million gift from alumni Eddie C. Brown ('61) and C. Sylvia Brown ('62) in support of a grant program for students facing financial barriers.

The largest alumni gift in the university's history will support the Graduation Retention Access to Continued Excellence (GRACE) Grant program, which encourages on-time graduation for students who have successfully completed their freshman year. Created in 2014, the need-based program provides a 100 percent match for students who receive the maximum Federal Pell Grant and additional funding for those with an expected family contribution (EFC) of $0.

The Browns met in 1957 at Howard University. Eddie Brown entered the College of Engineering at the age of 16 with the help of a caring teacher and anonymous "angel" donor. He is the founder, chair, and CEO of Brown Capital Management, a Baltimore-based asset management firm that is the second oldest African American-owned investment management firm in the world.

"I remember a minister of ours said something that we never forgot," said Eddie. "That those who are blessed should be a blessing to someone, especially those less fortunate. We always remember that. I was blessed to receive my college education debt free, and I think it's important to offer those less fortunate the opportunity to do so as well."

"We are extremely grateful to Eddie and Sylvia for making this historic gift to Howard University," said Howard University president Wayne A.I. Frederick. "The GRACE Grant has helped to eliminate financial barriers to education for Howard students, and I am thrilled that the Browns were inspired to commit such a generous gift to this important fund. My hope is that students will be inspired by their story and generosity and that others in our alumni community will consider the many ways they, too, can impact current and future generations of Howard students."

(Photo credit: Howard University, Founders Library)