The Charles T. Davidson Scholarship Fund was initiated in 1998 through the generosity of Medgar Evers College School of Business Alumnae. The scholarship is named after Professor Charles Davidson who retired from the college in 1998. Professor Davidson was responsible for making a significant contribution to the learning experience of many students during his tenure. The scholarship is open to minority college students pursuing careers in accounting, finance, and other business-related professions.
On March 16, 2009, Charles T. Davidson Scholarship Fund, Inc. was incorporated to administer the scholarship. The Corporation is organized as not-for-profit Corporation under the applicable laws of the State of New York. The Fund is also recognized by the Internal Revenue Service as a 501(c)3 Tax-exempt corporation. Since its inception, over $40,000 in scholarships have been granted to students.