MBA donates $100,000 to diversity scholarships

by Ryan Smith28 Nov 2016
The Mortgage Bankers Association has announced that it will donate the proceeds from its 3rd Annual Summit on Diversity and Inclusion to its scholarship program to support diversity.

The proceeds, totaling $100,000, will go to support the MBA’s Path to Diversity & Inclusion scholarships, which support individuals who take MBA education courses for professional development.

“We are honored that we can dedicate this amount to a core mission of MBA’s diversity and inclusion efforts,” said Dave Motley, chairman of the MBA’s Diversity and Inclusion Committee and MBA chairman-elect. “Interest for this conference continues to increase, which was one of the main reasons we were able to support the Path to Diversity & Inclusion scholarships.”

Donation toward the scholarship fund has amounted to $110,250 so far this year, according to the MBA. In 2016, 92 scholarships, totaling more than $75,000, have been awarded.

The Path to Diversity & Inclusion scholarship program has been funded for many years by the MBA’s nonprofit Research Institute for Housing America. Its purpose is to encourage and aid “the pursuit of knowledge of mortgage markets and real estate finance,” according to the MBA.