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Today’s investors are progressively seeking more than just financial returns. BOLD® shares, which stands for Black Opportunity for Learning and Development, allow clients to make a direct social impact with their liquidity investment. 

As an evolution of our BOLD shares, we’re introducing the BOLD® Future shares. Offered through financial advisors and other intermediaries, BOLD Future provides individual investors this same opportunity to drive change with their liquidity investment.

The Future is BOLD

Individual investors can support Howard University’s Graduation, Retention, and Access to Continued Excellence (GRACE) Grant jackpotjoy slots through the BOLD Future shares.

The BOLD and BOLD Future shares are offered on our flagship Dreyfus Government Cash Management fund. As extensions of our largest fund in the government money market category, as well as in the most significant liquidity space, both share classes include a charitable contribution to Howard University, a leading Historically Black College and University (HBCU).1



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Investors can make a significant impact with their cash investments and support Howard University, one of the most distinguished universities in the country. Partnering with Howard University to help empower the next generation of leaders is an honor. We are proud to continue and deepen our commitment to Howard and their graduates.

John Tobin
Chief Investment Officer, Dreyfus



Discover the BOLD Future Shares

The BOLD Future shares provide an avenue for retail investors to support the most in-need students at Howard University.

BOLD and BOLD Future shares support Howard University’s GRACE Grant by making an annual donation to a dedicated scholarship within the grant to help remove financial barriers and improve graduation rates for students.

The GRACE Grant Impact

Howard University’s GRACE Grant helps enable students with the highest need to remain on track for graduation. Since its inception, GRACE recipients saw an average 9% increase in retention, and an 18% increase in graduation rates compared to students in the same financial jackpotjoy slots category who did not receive GRACE funds. These students now show an average four-year graduation rate of 69%. 2

Invested in Change

We believe social responsibility is more than representation in board rooms. BNY Mellon, Dreyfus' parent company, views this initiative as part of its commitment to diversity, equity and inclusion. It is our next step in our efforts to drive meaningful change at our firm, in our communities and across the industry at large.

Valuing a Legacy of Education

The Dreyfus BOLD commitment to Howard University through Dreyfus’ Government Cash Management fund brought forth perspectives from BNY Mellon’s own employees on the value of an HBCU education.


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1The Higher Education Act of 1965, as amended, defines an HBCU as: "...any historically black college or university that was established prior to 1964, whose principal mission was, and is, the education of black Americans, and that is accredited by a nationally recognized accrediting agency or association determined by the Secretary [of Education] to be a reliable authority as to the quality of training offered or is, according to such an agency or association, making reasonable progress toward accreditation."

2Source: Howard University as of the 2022-2023 academic year.