HBCU Money’s 2013 Top 10 HBCU Endowments


The keyword for  2013’s HBCU endowments – rebound. In the past twelve months, the top ten HBCU endowments recouped the $100 million they lost in 2012. Meanwhile, the top ten HWCU endowments increased by $12.5 billion. The institutional wealth gap between HWCU/HBCU endowments increased from 102:1 to 103:1 times between top ten endowments over the past twelve months.

There was some real shakeup among the HBCU top ten this year with Morehouse School of Medicine and Bethune-Cookman University falling out of the top ten making room for newcomers. It is unclear whether the two institutions simply failed to report on time or had significant enough declines to drop out of the top ten. The top five remains unchanged and they remain the only in the $100 million endowment club for HBCUs. Tennessee State University makes the biggest leap in the top ten going from the nine spot up to six. Winston-Salem State University finds their way back on the list at number ten after being booted last year by Virginia State University. The new kid on the block is North Carolina A&T State University at number nine, and led all reporting HBCUs with the highest return on investment with an amazing 17.5 percent. Spelman’s endowment rebounded, but concerns are present as they returned only 5.8 percent on their endowment which is the lowest among the top ten. This comes after having the third worst return last year among the top ten and raises real questions on whether they can challenge Howard for the first to the $1 billion mark. The MEAC continues its domination with four institutions among the top ten for the second year in a row, while the CIAA holds two spots and Fayetteville State University sits just outside of the top ten. Despite a minute endowment of $2.2 million, Texas College for the second year in a row returns a stellar return at 16.7 percent.

As always if you do not see your HBCU in the top 10 – DONATE!

Endowment in millions (Return On Investment)

1. Howard University

$513 667 (11.5%)

2. Spelman College

$327 171 (5.8%)

3. Hampton University

$254 103 (9.3%)

4. Meharry Medical College

$124 965 (11.1%)

5. Florida A&M University

$115 281 (7.0%)

6. Tennessee State University

$42 970 (13.4%)

7. Texas Southern University

$42 179 (11.1%)

8. Virginia State University

$38 192 (15.3%)

9. North Carolina A&T State University

$32, 959 (17.5%)

10. Winston-Salem State University

$29 543 (13.8%)

Take a look at how an endowment works. Not only scholarships to reduce the student debt burden but research, recruiting talented faculty & students, faculty salaries, and a host of other things can be paid for through a strong endowment. It ultimately is the lifeblood of a college or university to ensure its success generation after generation.


Additional Notes:
NACUBO Average Endowment – $537 213 (10.0%)
NACUBO Median Endowment – $101 192 (12.3%)
Top 10 HWCU Endowments combined – $154.7 billion
Top 10 HBCU Endowments combined – $1.5 billion
Source: National Association of College & University Business Officers


12 responses to “HBCU Money’s 2013 Top 10 HBCU Endowments

  1. Where is Morehouse on this list?

    • Morehouse does not submit their endowment information to NACUBO, which collects endowment information we use on colleges and universities. Therefore, we have no way to verify Morehouse’s endowment. We are working on a way to resolve this in the future.

  2. Pvamu might be a part of a system however it does have its own endowment which is about 48 million which should place pvamu at number 6

  3. Where is Morehouse College on the list?
    As a Morehouse graduiate with a BA in Banking and Finance I find the omission glaring. Having followed HBCU Endowments for years as a member of the investment community and fifteen years on the National Association of Securities Professionals I too am concerned about the gaps, disparities and lack of inclusion. However, let’s first get the information reported as acurately as possible. Morehouse College should be # 4 or 5. I would be happy to collaborate on next steps.

  4. I appreciate this website and all that it has to offer. That said, reliance on a single source (the NACUBO) in compiling such lists can be misleading because it serves to omit the endowments of institutions who elect not to report data to that particular information provider. As such, the reader is not afforded a complete picture of HBCU endowments.

    Most colleges and universities publish an “Annual Report” or “Financial Report” which details the institutions financial assets, revenue sources, and endowment funds.

    For example, Alabama State University has an endowment of approximately $78 million; Xavier (LA) about $133m and Morehouse has an endowment which exceeds $131m.

    • First, thank you for your support. We hope we can continue to count on it. As for your concern. We use a single source to keep reporting time of assets uniformed. All sources do not collect their data at the same time so therefore it could give an unfair advantage. We are currently working to create an internal source in the future.

  5. Also of interest are the endowments of HBCUs relative to similarly sized PWIs. For example, Xavier University (Louisiana) currently reports its endowment at $140 million while Xavier University (Ohio) has an endowment of $144 million.

    We should note that according to the 2012 NACUBO Report, Howard University, at #159, has an endowment that is greater than that of Haverford, Temple, DePaul, Hofstra, Skidmore, Rhodes, VCU, and 600+ other colleges.

    The NACUBO Report indicates that both Spelman and Hampton have endowments which exceed that of Barnard, Seton Hall, Harvey Mudd, Bates, Centre, UC Davis, the Citadel and many more.

  6. Pingback: The Higher Education System That Produces 90 Percent of Black Science and Tech Grads Is Going Under | RocketNews

  7. Pingback: Tone Deaf: Harvard Launches A $100 Million Endowment To Itself To Study Its Ties To Slavery – An Amount Greater Than 99 Percent Of HBCU Endowments | HBCU Money

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