School Name: Virginia State University
Median Cost of Attendance: $20 966
Undergraduate Population: 5 075
Endowment Needed: $2 128 048 960
Analysis: Virginia State University needs $2.1 billion to allow all of its undergraduates to attend the university debt free annually at its current population and cost of attendance. VSU has both a foundation and university endowment that serve the institution and student body.The university’s endowment is $22.5 million as reported to NACUBO annual survey meaning if all of the endowment was dedicated to scholarship they would have enough for 1.07% of their student body to go to school debt free annually. On the brighter side, VSU is one of the fastest growing endowments in terms of capital and investment returns and with a strong push among alumni could see itself break into the rare air of HBCU endowments with $100 million plus in assets.
As always it should be noted that endowments provide a myriad of subsidies to the university for everything from scholarship, faculty & administration salaries, research, and much more.