We all know how bothersome it can be when our alma mater calls us monthly asking for an obscene amount of money. But what if we could help make a difference simply by downloading an app? Xavier Peoples, founder of HBCU Change, has done just that. This app is very similar to multiple other apps that are counting on change, literally and figuratively. Bold Life’s Zayna Allen sat down with him to get a further understanding of how leftover change can change someone’s life for the better.
Can pocket change really help HBCUs?
According to the research Peoples discovered, by connecting both your debit and credit card to his app, you can donate anything from $54 to $87. Depending on how much you spend monthly, your leftover change can really have an impact on someone’s future. If a university got 16,000 individuals to sign up for HBCU Change, that could generate up to $6 million a year. By simply downloading this app, you can choose at which HBCU you would like to make a difference.
Spreading out resources
In his daily life, Peoples works for a money management company called Capital. This particular firm manages some of the biggest endowments and foundations in the world. Unfortunately, not one of the clients that they managed was an HBCU. This sparked inspiration in Peoples’s mind for the founding of HBCU Change. After taking personal time and spending out-of-pocket money visiting HBCUs around the nation, Peoples realized that it was time for well-known resources to reach all universities. Up until recently, only predominantly white schools were benefiting from the same resources and tools that HBCUs are now benefiting from as well.
For more information on HBCUs, watch this video.
