DURHAM, N.C. (AP) - A multimillion-dollar donor to North Carolina political causes is now contributing $1 million for competitive college scholarships for students attending the state’s historically black schools.
The North Carolina Legislative Black Caucus Foundation announced Friday that Durham investment firm founder Greg Lindberg will give $200,000 per year for five years
Beginning in 2019, five in-state students majoring in or considering business-related studies will receive $40,000 to use over four years.
Lindberg is chairman of Eli Global. Its insurance group arm will offer internships and mentors for scholarship recipients.
Lindberg didn’t attend the announcement at North Carolina Central University.
Campaign finance reports show Lindberg has given more than $5 million to state candidate or independent expenditure committees since 2016, with much benefiting Republicans. Lindberg has said little publicly about his political giving.
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