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People. Progress. Possibilities.

BlackRock Liquid Federal Trust Fund (BLFT)

A path to positive social outcomes

BlackRock Liquid Federal Trust Fund allows investors to enjoy the familiarity of a government money market fund while seeking to do more with their cash.

The Fund seeks to place a majority of the aggregate dollar volume of the Fund’s purchases with dealers that are owned by minorities, women, disabled persons, veterans, and members of other qualified and recognized diversity and inclusion groups.

In partnership with the Thurgood Marshall College Fund (TMCF), BlackRock seeks to empower people, be a catalyst for meaningful progress, and ignite new possibilities.

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Government money market fund
A constant net asset value money market fund that invests in U.S. government and agency securities
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Diverse trading ecosystem
Seeks to place a majority of the aggregate dollar volume purchases with dealers that are owned by qualified and recognized diversity and inclusion groups
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Thurgood Marshall College Fund
BlackRock's contributions will help fund scholarships and support educational and professional success of TMCF students

Together, we lift.

If you are interested in helping create more positive social outcomes with your cash, BLFT may be your opportunity. Please contact us to learn more.

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Diverse dealer breakdown

To support a diverse trading ecosystem, BLFT seeks to place a majority of the aggregate dollar volume purchase orders with dealers that are owned by qualified and recognized diversity inclusion groups, serving as a vehicle to support communities such as minorities, women, disabled persons and veterans.


As of December 31, 2024, BLFT has placed 66.5% of purchase orders with these dealers 1.

Image showing diverse dealer breakdown by percentage.

Supporting Thurgood Marshall College Fund's (TMCF) mission

Thurgood Marshall College Fund

BlackRock is pleased to contribute 5% of the net revenue of BLFT’s management fee to TMCF annually. TMCF is the nation's largest organization exclusively representing the Black College Community.


Established in 1987, TMCF works to ensure student success by promoting educational excellence and preparing the next generation of workforce talent through leadership development. To date, the organization has awarded more than $500 million in assistance to students, Historically Black Colleges and Universities (HBCUs) and Predominantly Black Institutions (PBIs).


Based on its revenue from its management fee from BlackRock Liquid Federal Trust Fund for the fiscal year ending October 31, 2024, BlackRock made a contribution of $460,000 to the Thurgood Marshall College Fund. This brings BlackRock's total contributions since 2021 to the TMCF to $1,380,000.

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BlackRock's contribution will fund scholarships that provide critical support to youth attending Historically Black Colleges and Universities (HBCUs).

85-90% of TMCF scholars graduate college

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compared to a 46% graduation rate for Black/African American students overall and a 39% graduation rate for students attending HBCUs.2