Spelman College Seeks to Raise $150 Million

Spelman College, the historically black educational institution for women in Atlanta, has embarked on a $150 million fundraising campaign. Spelman, which has the second-largest endowment among the black colleges, has already collected $80 million toward the goal. Spelman will use the new funds to boost its endowment earnings in order to support academic programs and to provide student financial aid.