DURHAM, N.C., Jan. 22, 2018 (GLOBE NEWSWIRE) — Greg Lindberg, founder of Eli Global, an investment firm that partners with entrepreneurs to create long-term growth in their companies, will serve as a Signature Sponsor of the North Carolina Legislative Black Caucus Foundation (NCLBCF) for the next five years.
In North Carolina, students at Historically Black Colleges and Universities (HBCUs) are experiencing disproportionate hardship by carrying $122 million of debt while representing only 7% of the total student population in the state. NCLBCF helps students attend college without going into debt by dedicating at least 75% of its revenue to providing need-based scholarships to all of the state’s HBCUs.
“I am honored that I have the opportunity to contribute to an organization that makes education more accessible for an underrepresented student population,” Lindberg said. “I look forward to helping the NC Legislative Black Caucus Foundation create opportunities for students to make an impact in the community and in the world.”
Lindberg’s support will help the Foundation carry on its mission to make college more affordable for students attending HBCUs, ease student debt, and create opportunities for students to thrive in and empower their communities.
About Greg Lindberg
Greg is a bootstrap entrepreneur who started a small health insurance compliance and reimbursement newsletter business with $5,000 in 1991 and grew it without any outside equity to $1 million a year in profit by 2001. He and his team then reinvested that cash flow in over 100 acquisitions that have produced a compound annual growth rate of over 35% on equity capital. Today Greg has beneficial economic interests in over 100 companies with 7,000 employees, $1.75 billion in revenue, and $20 billion in proforma assets including pending acquisitions. Greg’s most important strategy has been long-term thinking with a focus on healthcare and “first who then what.” Greg has never sold a company and has never taken a dividend from his insurance operations. For more information, visit http://greglindberg.com/
About Eli Global
Headquartered in Durham, North Carolina, USA, Eli Global is a private investment firm wholly owned by its founder and employees. With their buy-grow-and-hold philosophy Eli Global does not work within a 3 – 5 year investment horizon, but invests for the long haul, providing companies with the resources and expertise they need to grow, entrepreneurs retain their brand equity. Eli Global is diversified in industries such as life insurance, financial services, health care services, physician practices, information technology, market research, publishing, business information, and more. For more information, visit http://www.eliglobal.com/.
About North Carolina Legislative Black Caucus Foundation
Established in 1986, the North Carolina Legislative Black Caucus Foundation, Inc. (NCLBCF) is a 501(c)(3) organization with a 20-member board, comprised of private citizens and members of the NC Legislative Black Caucus. The organization’s goal is to provide scholarships to students at all 10 public and private Historically Black Colleges and Universities (HBCUs) in North Carolina. By implementing sound organizational systems, board members ensure that the Foundation operates with the highest levels of efficiency and effectiveness. For more information, visit https://nclbcf.org/.
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