Johnson C. Smith University, the historically black educational institution in Charlotte, received a 10-year, $500,000 grant from the BB&T Corporation, a banking company based in Winston-Salem, North Carolina. The money will be used to create the BB&T Endowed Professorship in Free Market Capitalism.

• The Cambridge Academic Group in Boston, Massachusetts, is awarding $30,000 grants to four historically black colleges and universities. The grants, which will be in the form of consulting fees, will enable the black colleges to take advantage of the consultants’ expertise in organization structure, technology planning, and operational processes.

The four HBCUs that will receive the grants are:

• Jarvis Christian College in Hawkins, Texas
• Fisk University in Nashville, Tennessee
• North Carolina A&T State University in Greensboro
• Southern University in Shreveport, Louisiana