UNCF Media Contact                                                                                             
Joye Griffin                                                      
UNCF                                                              
(703) 205-3480                                                                                                  
joye.griffin@uncf.org                                                                   

For Immediate Release:           

UNCF APPOINTS EARLY REESE AS NEW CFO

FAIRFAX, Va. (May 23, 2008) – UNCF–the United Negro College Fund– the nation’s oldest and most successful minority higher education assistance organization, recently appointed Early Reese as chief financial officer. Reese brings to UNCF more than 30 years of financial management experience and has played key roles in major strategic moves for a variety of organizations, including Trinity College, the US Olympic Committee (USOC), Philip Morris and Price Waterhouse Coopers accounting firm.  He will direct UNCF’s financial operations including strategic planning, finance, accounting, budgets and compliance, treasury and information technology functions.

Reese previously served as Vice President of Finance and Treasurer of Trinity College in Hartford, Connecticut, a liberal arts college with 2,200 students.   Prior to that position, he was Chief of Finance and Administration for the US Olympic Committee in Colorado Springs, Co, where he was an integral player in the USOC’s business planning, budgeting, accounting, risk management and information technology activities.  He also served in a variety of financial, accounting and information services positions at Philip Morris.  Reese began his career as an auditor for Price Waterhouse Coopers accounting firm.

“Early Reese’s extensive financial management experience in profit and non-profit environments makes him an excellent addition to the UNCF team,” said Michael L. Lomax, Ph.D., UNCF president and CEO.  “Early will oversee our financial operations and manage our growth as we continue to expand our donor base, scholarship reach and programs to support UNCF’s 39 member schools.”

“I am excited about this opportunity. UNCF’s vision and commitment to minority higher education is championed by every employee and supported by hundreds of thousands of supporters nationwide, said Reese.  He continued, “I look forward to playing a role in the organization’s continued growth.”

About UNCF
UNCF—the United Negro College Fund—is the nation’s oldest and most successful minority education assistance organization. Its mission is to increase minority degree attainment by providing financial support to its 39 member institutions, reducing financial barriers to college and serving as a national advocate for minority education.  UNCF institutions and other historically black colleges and universities are highly effective, awarding 18 percent of African American baccalaureate degrees.  UNCF administers more than 400 programs, including scholarship, internship and fellowship, mentoring, summer enrichment, and curriculum and faculty development programs.  Today, UNCF supports more than 60,000 students at over 900 colleges and universities across the country.  UNCF’s recently redesigned logo and brand identity feature UNCF’s torch of leadership in education and its widely recognized motto, “A mind is a terrible thing to waste.”® Learn more at www.UNCF.org.