AUSTIN (KXAN) -- Huston-Tillotson received what it called a "transformative" $150 million grant from the Moody Foundation -- the largest single donation ever made to a Historically Black College or University (HBCU) in the United States.

The university announced the grant funding at its annual President's Fall Opening Convocation on Thursday, marking "a bold new chapter" in the university's 150-year legacy.

“This gift is a testament to faith, prayer, and the genuine belief in the goodness of others,” said Dr. Melva K. Wallace, President and CEO of Huston-Tillotson University. “I am forever grateful to the Moody Foundation trustees Ross Moody, Elle Moody, and Francie Moody-Dahlberg. Their donation will completely transform Huston-Tillotson, as well as the city of Austin, and set us up for

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