"A mind is a terrible thing to waste." In this spirit, the United Negro College Fund (UNCF) offers financial assistance to students of color from low- to moderate-income families pursuing a higher education. UNCF, the oldest and largest higher education assistance program for African-Americans, enables some 60,000 students to attend college each year. About 60% of the students are the first in their families to attend college. UNCF also provides operating funds and IT services to about 40 historically black colleges and universities, such as Bethune-Cookman, Morehouse, Xavier, and Voorhees College. The not-for-profit organization was founded in 1944 by Dr. Frederick D. Patterson with 27 charter member colleges.