School Name: Meharry Medical College
Median Cost of Attendance: $73 510
Professional Population: 786
Endowment Needed: $1 155 577 200
Analysis: One of the most under appreciated yet prominent names among HBCUs. Meharry Medical College is the oldest African American medical school and currently holds the 5th largest endowment of HBCUs. A quite amazing feat for a school that never has had more than 800 students and a 3 percent admittance rate. Obviously it being a medical school the earning power of its graduates is substantial which makes up for its small population. Its current endowment is 9 percent of what it would need to fund all of its students debt free annually. One of the highest percentages thus far in our analysis of HBCU endowments. It is hard to say though whether or not its lack of population though will ultimately allow it to really compete long term for the first HBCU to reach the $1 billion endowment mark. With a storied tradition and faithful alumni with growing pockets one has to expect as the baby boomers leave estates, a school that looms so prominent in building the upper middle class of African America will see a dramatic spike in its endowment that could push it into serious contention.
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.