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Press Release  
Release Date: Friday, May 2, 2014 2:49 PM
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Media Contact:
Sholnn Freeman
Communications Specialist
Howard Center on Race and Wealth Awarded $500,000 Ford Foundation Grant

WASHINGTON (February 28, 2014) – The Ford Foundation has awarded the Howard University Center on Race and Wealth (CRW) a two-year $500,000 grant to address wealth inequality in America.

“Wealth disparity in America is one of today’s most pressing issues,” said Janet Griffin Graves, Ph.D., program director of CRW. Ford Foundation’s grant allows Howard University and other institutions throughout America to tackle this issue.”

The grant, awarded under Ford’s Building Economic Security over a Lifetime (BESOL) Initiative, will allow the CRW to work with other Ford Foundation grantees across the country to develop and advance policies focused on asset building in low-wealth and low-income communities, as well as closing the racial wealth gap.

A team of senior economists at Howard are part of a research team who were instrumental in securing the funding, and who will perform the research over the next two years. They include: Rodney D. Green, Ph.D., and Charles L. Betsey, Ph.D., co-principal investigators, and Janet Griffin-Graves, Ph.D.   

The CRW was established in 2007 through a grant from the Ford Foundation. Housed in the Department of Economics, the Center has sought to enrich the dialogue and research on asset building, wealth accumulation, and racial wealth disparities. The center’s work has covered topics such as land and housing loss in African American communities, business development and economic mobility, and most recently, the impact of asset limits on Temporary Assistance for Needy Families (TANF) participants in California and Florida.

To learn more about the CRW, visit or contact Janet Griffin-Graves at (202) 865-8582 or via email at


Founded in 1867, Howard University is a private, research university that is comprised of 13 schools and colleges. Students pursue studies in more than 120 areas leading to undergraduate, graduate and professional degrees. Since 1998, the University has produced two Rhodes Scholars, two Truman Scholars, a Marshall Scholar, 30 Fulbright Scholars and 11 Pickering Fellows. Howard also produces more on campus African-American Ph.D. recipients than any other university in the United States. For more information on Howard University, call 202-238-2330, or visit the University's Web site at

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