Tag Archives: donations

Hip Hop, Hip Hop News, News

Family Says Charity Donations To Nipsey Hussle’s Children Are Unnecessary

Leave a comment
Nipsey Hussle Performs At The Warfield

Source: Tim Mosenfelder / Getty

In the wake of Nipsey Hussle‘s tragic death, charities in the name of his children have cropped up but the family is stating that those efforts are unnecessary. According to sources close to the family, Nip made certain that his children would be set for life via a number of trust funds and other ventures.

TMZ reports:

Sources close to Nip’s family tell TMZ … Nipsey made sure his 2 children, Emani and Kross Asghedom, would never have to rely on other people for money.

While there have been multiple crowdfunding pages popping up for them — including the one retired NFL star Reggie Bush started — we’re told the family wants everyone to know the kids are more than alright.

Nipsey was remembered as a savvy businessman during his celebration of life … and for good reason. We’re told he owned all of his master recordings, his Marathon Clothing store, and he also set up multiple trust funds to make sure his kids and family would never need a handout.

Bush’s kind gesture began with a $10,000 donation from his side with hopes of raising $100,000, but the effort is now defunct.

—

Photo: Getty

Source: HipHopWired.com

Click Here to Discuss in the Forums

Spread the love
             
 
   
Hip Hop, Hip Hop News, News

Alpha Kappa Alpha Sorority, Inc. Pledges $100K To Bennett College As School Faces Loss Of Accreditation

Leave a comment
'School Daze' 30th Anniversary Screening

Source: Paras Griffin / Getty

Bennett College has until the end of today to raise a total of $5 million, or the historically black all girls institution will lose its accreditation due to insufficient funds. So far, according to their website, they’ve raised 76% of the money, as reports surface that Alpha Kappa Alpha Sorority, Inc. lent the school a helping a hand as well.

“Over the past two years, Bennett has made significant gains in addressing our financial stability,” Bennett states, explaining that the school generated a surplus of $461,038 and had no audit findings, was approved for a capital loan deferment over a six-year period with a financial benefit of nearly $9 million, and more. “Despite all of these accomplishments, SACSCOC felt that we fell short,” the school’s website goes on to explain. “We are appealing their decision and working hard to demonstrate that we are fiscally stable. This requires us to raise additional money to reduce our debt and improve our cash position.”

In Bennett’s time of need, Alpha Kappa Alpha pledged $100,000 to the institution. Wells Fargo Bank also donated $50,000, in addition to two donations from Z. Smith Reynolds Foundation and Papa Johns that amounted to $500,000, MadameNoire reports.

“On behalf of the Bennett College Board of Trustees, as well as our faculty, staff and students, I can’t thank President Glover and the members of AKA enough for their donation to Bennett College,” Bennett College President Phyllis Worthy Dawkins said, according to MadameNoire. “While we appreciate all of the support Bennett has received from individuals, foundations and corporations, substantial gifts like the one from AKA will go a long way toward helping us reach our fundraising goal of a minimum of $5 million by Feb. 1. We are truly appreciative to the women of AKA for their amazing support.”

If you’re able to help at all, click here to donate.

Photo: Getty

Spread the love