Gateway to Leadership: Feeder Partner Option
A Closer Look at UNCF and HACU
MMI’s “feeder partners” – the United Negro College Fund (UNCF) and the Hispanic Association of Colleges and Universities (HACU) – source, select and place top-achieving African American and Hispanic students at participating host firms for a nine-week summer internship. The interns are provided access to all program content and activities throughout the summer.
Feeder Intern Requirements
- College junior with a minimum GPA of 3.0 attending a Historically Black College or University/UNCF Member College or a HACU-Member Institution
- Major in business-related subject
- Must be eligible to work in the U.S.
- Must submit all required application material
In 2007, the NAACP and MMI founded the GTL program, recruiting interns from Historically Black Colleges and Universities (HBCUs). In 2011, MMI formed a partnership with UNCF to help administer the program. This track has placed more than 170 interns from over 30 HBCUs at 38 host firms across the country.
UNCF is the nation's largest and most effective minority education organization. To serve youth, the community, and the nation, UNCF supports students' education and development through scholarships and other programs, strengthens its 37 member colleges and universities, and advocates for the importance of minority education and college readiness.
Throughout the fall and early winter, UNCF receives hundreds of applications from interested students. UNCF begins screening the applications as MMI member firms submit their commitments to host intern(s) for the following summer. In February, UNCF, NAACP and MMI interview applicants and begin the placement process according to the participating firms’ requests for interns.
After listening to member firms’ requests to help increase Hispanic representation in their workforce, MMI sought a new feeder partner for the GTL program. In early 2016, MMI launched a partnership as a complement to both the HACU National Internship Program (HNIP) and MMI’s GTL program.
HACU sources students from its membership that includes Hispanic-Serving Institutions (HSIs) to intern at HNIP’s corporate sponsors across the country. HNIP, however, is not industry focused and needs more firm representation from the investment advisory solutions industry. HNIP is set up very similarly to GTL’s UNCF track and follows the same intern recruitment process and schedule.
HACU is the only national organization representing existing and emerging HSIs.
More Information ...
Download the 2017 GTL Host Firm Brochure and Commitment Letter here.
Sarah Nau (Reinhart)
MMI Vice President, Member Services