Yearly Archives: 2013

The HBCU Endowment Feature – Coppin State University

76B1T4PS5X

School Name: Coppin State University

Median Cost of Attendance: $25 593

Undergraduate Population: 3 295

Endowment Needed: $1 686 545 760

Analysis: Coppin State University needs an approximately $1.7 billion endowment for all of its undergraduates to attend debt free. The university is located in Baltimore, Maryland. Coppin State University has become an orphan among stepchildren. The state of Maryland of has historically been brutal to HBCUs and it does not help that Coppin State University shares the state’s largest city with 2 other HBCUs and John Hopkins, the nation’s leading research institution. It is considered by many to be a diamond in the rough. Unfortunately, it is hard to see anyone uncovering that rough so long as the school remains in Baltimore. Location seems to be harming and not helping Coppin State University. It has no room to establish an identity or expand more importantly. The school should consider a relocation to Waldorf, Maryland which is located over a hour away from Baltimore. Waldorf is the 5th largest city in the state and has a 54 percent African American population. Only Baltimore has a higher African American percentage of African Americans. This space could give Coppin State University the opportunity to recruit students in Baltimore who might want to go “away” from home without being too far. Coppin State University has been known for producing quality nurses and teachers. The problem lies in that neither of these occupations produce the high quality donors that universities need to build their endowments. Of course if it honed its nursing program on the specialties that were the top earners that would greatly help. Coppin State University badly needs to find a professional niche it can grow. No small task and one that requires understanding the lay of the land, vision, and leadership. All of which Coppin State University has been lacking for many years now. Despite many problems there is no denying that Coppin State University possesses something special it just needs the space to show what it can do.

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.

HBCU Money™ Business Book Feature – Beginner’s Guide to Creating Mobile Apps

Book_Coveramazon_copy.225x225-75

Beginner’s Guide to Creating Mobile Apps provides a one-stop repository with all of the information needed to successfully create and publish an iPhone/iPad and Android application to the App Store and Google Play.

Creating mobile applications is a great way to earn passive income, whether you are a stay-at-home parent, student, entrepreneur, or work in a traditional setting.

Several people have had the desire to create a mobile application based on a great idea, but never put action to it because of their lack of technical proficiency.

You do not need to be or become a technical expert in mobile development to create an application, and the author demonstrates how this can be accomplished step-by-step.

The author provides:

-Her experiences in developing her first application and pitfalls to avoid
-How to get established with Apple and Google
-How to choose the appropriate graphic design
-How to outsource the technical development and graphic design
-How to select a contractor
-A sample job announcement
-A sample non-disclosure agreement
-How to price and budget accordingly
-Recommended dos and don’ts
-Marketing tips

HBCU Money™ Dozen Links 6/10 – 6/14

???????????????????????????????????????

Did you miss HBCU Money™ Dozen via Twitter? No worry. We are now putting them on the site for you to visit at your leisure. We have made some changes here at HBCU Money™ Dozen. We are now solely focused on research and central bank articles from the previous week.

Research

Nigeria sees opportunity from investment in to agriculture l Grow Africa

EPA Helps the Nation Be Better Prepared for Emergency Response l EPA Research

Discovery of new material state counterintuitive to laws of physics l Argonne

Our new campaign asks water lovers to help keep invasive species from spreading l IL-IN Sea Grant

Explore MPAs and find out who is collecting data | OceanSpaces l CA Sea Grant

Great opportunities to watch the next generation of sea turtles scurry into the sea! l TX Sea Grant

Federal Reserve, Central Banks, & Financial Departments

Self-employment is higher in sub-Saharan , and wage is lower, than in any other region l World Bank

Is there a housing bubble in China, and will it burst anytime soon? l St. Louis Fed

Use this worksheet this weekend to calculate what you need 2 save l Dr. Barbara O’Neill

Video: See why it matters that families’ net worth is still reeling from the financial crisis l St. Louis Fed

Rising rates is bad news for builders l Housing Wire

Carolinas Business Survey l Richmond Fed

Thank you as always for joining us on Saturday for HBCU Money™ Dozen. The 12 most important research and finance articles of the week.

The HBCU Money™ Weekly Market Watch

Our Money Matters /\ June 14, 2013

NAME TICKER PRICE (GAIN/LOSS %)

African American Publicly Traded Companies

Citizens Bancshares Georgia (CZBS) $5.62 (4.07% UP)

Radio One (ROIA) $2.35 (3.29% DN)

African Stock Exchanges

Bourse Regionale des Valeurs Mobilieres (BRVM)  211.47 (1.35% DN)

Botswana Stock Exchange (BSE)  N/A

Ghana Stock Exchange (GSE)  1 908.67 (59.09% UP)*

Nairobi Stock Exchange (NSE)  121.27 (N/A)

Johannesburg Stock Exchange (JSE) 40 323.62 (1.29% UP)

International Stock Exchanges

New York Stock Exchange (NYSE) 9 263.69 (0.73% DN)

London Stock Exchange (LSE)  3 331.41 (0.21% UP)

Tokyo Stock Exchange (TOPIX)  1 056.45 (1.18% UP)

Commodities

Gold 1 387.30 (0.70% UP)

Oil 97.77 (1.12% UP)

*Ghana Stock Exchange shows current year to date movement. All others daily.

All quotes reported as of 5:00 PM Eastern Time Zone

HBCU Presidential Opening? Hire Neil deGrasse Tyson

If you want to build a ship, don’t drum up people to collect wood and don’t assign them tasks and work, but rather teach them to long for the endless immensity of the sea. – Antoine de Saint-Exupery

neil-degrasse-tyson-with-telescope-rocket

I will admit that while I respect a great many of the new and rising leadership at HBCUs I still feel as if there is a secret sauce missing. We often still mentally box what we view leadership must be like to lead our colleges and universities. They are often from traditional African American disciplines or professions. That is not meant to be a slight at them because they are what they are. Those disciplines are needed but sometimes you need different. That difference could be the missing sauce to make this new hamburger we are building or re-building standout (depending on how one looks at it). To make it dynamic.

After watching Dr. Tyson speak before the Commerce, Science, and Transportation Committee it became clear to me that this is someone who could lead the STEM and research revolution amongst HBCUs. There is currently no more prominent of an African American face associated with STEM. Would it cost to get him? Yes. Is he interested in an HBCU? As often the case we will not know unless we ask. The real question is what board or alumni would be creative and aggressive enough to pursue someone like Dr. Tyson. If we want to improve our place in STEM then we need someone who understands it intimately on a structural level and on a public relations level.

Currently, HBCUs as a whole do about $600 million combined annually in research expenditures. On the surface while that sounds like a lot, it would not make the list of top 30 list of  research budgets at colleges and universities across the nation. Yes, there are 30 plus institutions that do over $600 million individually annually in research. Florida A&M, who led HBCUs in research in 2012, is doing only $53.5 million. The top of the heap continues to be John Hopkins University who conducts $2.1 billion annually in research by itself. It also would potentially create avenues that could allow HBCUs to become more competitive among the minefield that is the National Science Foundation and its questionable grant disbursements. Historically, HBCUs have received inadequate research funding from even the NSF and while President Obama has promised HBCUs $850 million over 10 years it would be much nicer if HBCUs were in position to receive the over $1 billion annually that the NSF hands out to the top tier research institutions.

If we need a reminder of why research is important then we just need to look at the economic state of our communities and our institutions. My favorite example of just what research on college campuses can produce is Google. It was developed at Stanford University while the two founders were PhD graduate students. An issue of HBCUs further developing their graduate programs and keeping their most talented within HBCU institutions is another article itself. The search engine that is now a verb currently employs 50 000 people. That is equivalent to 1/6th of the entire current HBCU student population. That is just ONE company whose co-founders have a combined net worth of $52 billion. There are thousands of other companies who have emerged as a result of STEM research on college campuses. The impact is so profound that the Kauffman Foundation’s study shows that MIT created companies alone would be the 17th largest economy in the world if they were their own nation. Unfortunately, due to a number of different reasons – a scientific vision not least among them – HBCUs have been slow to re-embrace its strong research heritage of the late 19th and early 20th century when men like George Washington Carver and others were transforming the American way of life through scientific research on HBCU campuses.

Dr. Neil deGrasse Tyson could provide a necessary spark to bring attention and resources to an HBCU willing to make the commitment. His presence would certainly make many gifted African Americans interested in STEM potentially pause and consider an HBCU. A school like Morris Brown, St. Paul’s, or Lewis College of Business who want to transform themselves could become the HBCU Institute of Technology. If we want to reach for the stars just maybe it is time we give leadership to someone who knows literally where to find them.