 TMCF has championed higher education at public historically black colleges and universities (HBCUs) and has grown from a small organization providing scholarships for public HBCUs, raising over $300 million to date for programmatic support, capacity building support and scholarships for its member-schools and the students matriculating on the campuses.Its mission differs from that of the United Negro College Fund, which only supports private HBCUs; it is a 501(c)(3) tax-exempt, charitable organization.TMCF was granted $50 million in 2015 by Apple, $26.5 million in 2017 by the Charles Koch Foundation and Koch Industries, and $6 million by The Boeing Company in 2018.