Black culture center reaches $20 million fundraising mark

The Center for Black Excellence and Culture announced that it has raised $20 million, which is more than halfway to its fundraising goal, following the receipt of several major gifts. The new gifts are led by a $2.5 million donation from Ascendium Education Group and six-figure gifts from companies, foundations, and individuals. Ascendium, a Madison-based nonprofit and the nation’s largest federal student loan guarantor, became the third major funding donor in the center’s $36 million capital campaign, joining Summit Credit Union and American Family Insurance.

Black community members laid the foundation of the more than 400 donors and business that have joined the fundraising effort. The following organizations and individuals have donated between $250,000 and $500,000: Oscar Rennebohm Foundation Inc.; Jan and Bill DeAtley; Comer Family Foundation; Madison Gas & Electric Foundation; and BMO Harris Bank.

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