One significant educational fund in Black history is the United Negro College Fund (UNCF), founded in 1944. The UNCF is the largest scholarship provider to Black students, supporting 37 historically Black colleges and universities (HBCUs) and providing financial assistance to thousands of students each year.

The UNCF has played a crucial role in increasing access to higher education for Black students and has been instrumental in supporting HBCUs, which have historically provided opportunities for Black students when they were excluded from predominantly white institutions.

The UNCF's motto, "A mind is a terrible thing to waste," reflects its commitment to ensuring that all Black students have the opportunity to pursue higher education and achieve their full potential. Through scholarships, internships, and other educational programs, the UNCF continues to make a profound impact on the lives of Black students and the broader Black community.