Friday, March 25, 2011

Black Philanthropist gives $22 Million to Local Causes

Baltimore, Maryland  (March 25, 2011) - Eddie C. and C. Sylvia Brown have a talent for using philanthropy as a tool to battle inequality. They and their family have contributed more than $22 million to various charitable causes over the past fifteen years.  The Maryland Historical Society (MdHS) announced today that Eddie and Sylvia have been selected as the societies “Marylanders of the Year”, an award whose recipients have included Ben Bradlee, Tom Clancy and Sargent Shriver.


Maryland Day commemorates the founding of Maryland.  On March 25th, 1634 settlers stepped from two small sailing ships, the Ark and the Dove, onto Maryland soil.  They landed at St. Clements’s Island on what is now St. Mary’s County, Maryland.  MdHS leads the commemoration in Baltimore each year with a patriotic celebration and the naming of the Marylander of the Year.

At the awards luncheon held today, Burt Kummerow, MdHS President, said, “ Eddie and Sylvia have generated spectacular dividends for impoverished inner-city residents and leveled playing fields across the country in the realms of education, healthcare and art.

The Browns’ gifts primarily focus on helping African Americans in the areas of health care, education and the arts.  However, a number of their gifts have been targeted to improving the quality of life in the broader Baltimore community.

Brown was born impoverished in rural Apopka, Florida, Always a superb student, his academic prowess prompted a local businesswoman to fully subsidize his education at Howard University, where he earned an electrical engineering degree in 1961.  He never met his benefactor but knew he wanted to do the same for other poor black youngsters.  Sylvia was born in King William, Virginia (the daughter of educators) and as a former educator shares Eddie’s vision about the importance of education as an equalizer.

At the Maryland Day awards luncheon held at MdHS in Mt. Vernon, Eddie Brown said, “We have tried to create a model of philanthropy that spurs other African Americans of means to become more involved with charitable giving to our community.  Both of us have been very pleased with the results achieved.”

After college Eddie joined IBM as an engineer, earned an MBA and worked as an investment manager for T. Rowe Price, before founding Brown Capital Management in 1983. His Baltimore-based business was soon able to amass more than $6 billion in assets
under management.  The Brown’s established their charitable foundation (C. Sylvia and Eddie C. Brown Family Foundation) in 1996.

The Brown’s $1 million challenge grant gift to the Enoch Pratt Free Library is the largest donation extended to the institution in its 129-year history. Its purpose was to make widely available the libraries collection of African American literature then stored in a basement area.

Their largest overall gift was the $6 million that helped fund construction of the $20 million Brown Center, located on the urban campus of the Maryland Institute College of Art (MICA) in Baltimore.  They also underwrote a number of full scholarships for African American students to attend MICA.

Their second largest single gift of $5 million was for the Turning the Corner Achievement Program (TCAP) that guides inner city Baltimore youth towards success.

University of Maryland, Baltimore County (UMBC) is another educational institution that has received the Browns assistance.  They provided $1 million to form the Brown Capital Management Faculty Institute of Entrepreneurship to provide faculty training and activities that help kindle the spirit of entrepreneurship in UMBC students.

The Reginald F. Lewis Museum of Maryland African American History & Culture received a $1 million challenge grant from the Browns for the purpose of helping the museum establish an endowment. 

The Brown’s mission in the realm of the arts has been two-pronged:  to provide more opportunities for African Americans in the arts, while simultaneously helping to expose their talents and skills to a wider audience. Their first gifts went to The Walters Art Museum and the Baltimore Museum of Art to provide more art created by African American artists to be added to their permanent collection.

2 comments:

  1. Wonderful thing that they are able and DO give back!!!

    ReplyDelete
  2. Can you give me more information on more philanthropists' that would be interested in investing in black businesses that would guaranteed for sure profit that will pay back any loans within the first year of investment? PowerPoint presentations and information that is full proof that can confirm all business strategies? Presentation even shows the profits gains that will incur during operations of the businesses.

    ReplyDelete