The 2022 graduating class of Paul Quinn College has been given an investment fund, made possible by a $250,000 gift from the Alfred Street Baptist Church’s Seek 2022 initiative.
The fund – set to be managed by JP Morgan Chase – will be accessible to 2022 graduates in 10 years. The goal is to get more contributions to the fund.
Reverend Dr. Howard-John Wesley, senior pastor of Alfred Street Baptist Church in Virginia, made the announcement during his commencement speech on May 7.
“We are truly grateful to Alfred Street Baptist Church and my friend, Dr. Wesley. The vision needed to make this type of investment is as uncommon as it is generous,” said Dr. Michael J. Sorrell, president of Paul Quinn College. “With this gift, we will be establishing a trust fund for the Class of 2022. In doing so, we are making available the type of wealth management/building tool that is not commonly available to first generation college graduates and Pell Grant recipients. The number one tool in the fight against poverty is access to capital. Together, Alfred Street and Paul Quinn are making sure that PQC’s class of 2022 begins their post-college lives on the right foot. We can never say ‘thank you’ enough to Dr. Wesley and his extraordinary congregation.”
