Joseph Rich (left) receives $500 scholarship for whites only presented by Marcus Carter
On July 6, Joseph Rich became the fourth recipient of $500 from the Former Majority Association for Equality, a group that gives out scholarships to white men only. Its vice president is Marcus Carter, an African-American. Carter and his friend and F.M.A.F.E. President Colby Bohannan spoke with CNN's Don Lemon about why they say it's time for a grant like theirs.