Category Archives: Lifestyle

10 People We Wish Were HBCU Presidents

With so many HBCU presidents resigning and retiring we thought it would be a good idea to put together a list of people we here at HBCU Money would like to see take the helm as an HBCU president. HBCUs have been notorious for recycling presidents and thinking very inside the box when it comes to choosing leadership. Our list is anything but inside the box. The criteria for our list included a mixture of strong organization leadership and management, network access that they could tap into for fundraising and policy influence, high achievement background, and ultimately the ability to take our institutions to new plateaus of connectivity to the African Diaspora. Who are some that you would like to see lead an HBCU and why?

MR. KOFI ANNAN – The former secretary general of the United Nations from Ghana served two full terms as the man in charge of the organization that oversees the world’s nations. Needless to say he has the pedigree and connections that an HBCU would drool over. It takes a powerful and humble person to balance the needs, interest, and egos of countries. He would instantly raise the global profile of any HBCU he took the helm of and his strong connections on the continent of Africa would be an amazing asset for building the institutional bridge for HBCUs to Africa.

MS. KIMBERLY BRYANT  – If the early 20th century was the industrial revolution, then the early 21st century will be known as the technological revolution. In an effort to ensure African Americans do not miss out on it there might not be a more important voice than the founder of Black Girls Code. Teach the babies is always a resounding mantra among African American activist, but this is real activism. The doer she is has African American girls coding and engaging the STEM field on a level unmatched. Her connections and understanding of building a strong organization from the ground up and technology connections make her a powerful leader than an HBCU could use.

MR. FRED SWANIKER – Another Ghanian making waves. His pedigree alone as a McKinsey alum makes means he could probably fix or accelerate any HBCU in five minutes (hyperbole intended). Coming from arguably the world’s most prominent consulting firm he is use to solving problems and implementing sound long-term strategy. He has also been a serial entrepreneur and founded the African Leadership Academy, a boarding school in South Africa. Did we mention he is only 34?

DR. CONDOLEEZA RICE – By far the most controversial choice on our list. She was HBCU Digest founder J.L. Carter, Sr’s choice for the next president of Howard in an editorial piece for the publication. Whether it is Howard or another HBCU there is no denying Dr. Rice’s network. Put the politics aside, she is a brilliant woman who has ascended to powerful positions in ways that very few African Americans have under not one, but two presidents. She has a global profile and is an expert on Russia, which would come in handy for any HBCU looking to develop its international programs.

MRS. TERI WILLIAMS COHEE – The co-founder, chief operating office and senior vice president at the nation’s largest African American owned bank. After taking over a small Boston bank she helped build OneUnited bank into the only African American bank with a national footprint. She understands the importance of tying African American institutions together. Currently, there are only two HBCUs (Roxbury Community College & Florida Memorial University – both with OneUnited) that bank with African American owned banks. We are sure this would change in a hurry with Mrs. Cohee at the helm of an HBCU. She has a rich financial background and would certainly have any HBCU she is at the reigns of in top financial shape – even the financial aid department.

DR. NEIL DEGRASSE TYSON – STEM here, STEM there, STEM everywhere. We have already mentioned how important STEM has become and there might not be a higher profile African American in STEM than Dr. Tyson. He has spoken before congress on numerous occasions to increase funding to NASA programs and other STEM R&D programs. An opportunity to create an elite research program, recruit and develop strong STEM faculty, and develop cutting edge programs would definitely be to any HBCU’s favor.

MR. DAVID LAMMY – Here come the British. The first of two Afro-Britons make our list. In 2008, he was considered the eighth most powerful Afro-Briton male. At one point he was the UK’s Minister for Innovation, Universities, and Skills. He could open up recruitment for an HBCU to tap into the recruitment of Afro-Briton pipeline. Also, he founded and chairs programs to address improvement and development of black fatherhood initiatives. Bringing such an initiative here with his connections could bring in much needed research funding to an HBCU focused on community and social development.

LADY PATRICIA SCOTLAND – Our second Afro-Briton on the list and at one time the Guardian’s most powerful black woman in the UK. She has strong connections in the Caribbean where her family has a rich land ownership history. Her background as a family law attorney and judge in the UK has allowed her to rub elbows with Britain’s affluent, which would bring in much needed funding to an HBCU that she presided over. Her time as a minister of state like the aforementioned Mr. Lammy gives her strong organizational management skills to oversee a college and give it direction.

LT. GENERAL THOMAS BOSTICK – The head of almost 37 000 civilian and military engineers just may know how to run a high pressured organization. That is what Lt. General Bostick does as the head of Army Corps Engineers. The ACE has a R&D division meaning it is constantly trying to remain at the cutting edge of engineering development. Any HBCU with a strong engineering history or wanting to develop one should put in a call. Having access to funding from the department of defense would not hurt either.

DR. MICHAEL BLAKEY – Having oversaw the African Burial Ground National Monument project where they discovered the remains of 400 men and women and traditions associated with West Africa while at Howard University. He knows, loves, and appreciates the HBCU culture, but recognizes that there are changes that need and must be made to ensure HBCUs are at the forefront of the next generation.

HBCU Money™ Histronomics: 1920 Agricultural Census Of Colored Farms & Land Ownership

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HIGHLIGHTS

  • Total American Farm Acres in 1920 – 956 million acres
  • Economic value of Total American Farm Acres – $66 billion
  • Total Colored Acres in 1920 – 45 million acres
  • Economic value of Total Colored Farm Acres – $2.5 billion
  • % of Total Farm Land Owned by Colored in 1920 – 4.7%
  • Average Colored Farm Acreage in 1920 – 47.3 acres
  • Average Economic Value of African American Farms in 1920 – $2 063

*Colored in the census encompasses African, Native, Japanese, and Chinese Americans. African Americans comprised 97.5% of the colored farm operators in 1920.

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2014 World Cup: Key Facts About Africa’s 5 Participating Countries

2014FIFAWorldCup

ALGERIA

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Picture Above: Mediterranean view from Algiers rooftop.

Location: Northern Africa, bordering the Mediterranean Sea, between Morocco and Tunisia

Population: 38 813 722

Literacy Rate: Overall – 72.6% l Male – 81.3% l Female – 63.9%

GDP (purchasing power parity): $284.7 billion

GDP Growth Rate: 3.1%

Unemployment Rate: 10.3%

Population below poverty line: 23%

CAMEROON

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Picture Above: Lake Nyos is a crater lake on the flank of an inactive volcano.

Location: Central Africa, bordering the Bight of Biafra, between Equatorial Guinea and Nigeria

Population: 23 130 708

Literacy Rate: Overall – 71.3% l Male – 78.3% l 64.8%

GDP (purchasing power parity): $53.16 billion

GDP Growth Rate: 4.6%

Unemployment Rate: 30%

Population below poverty line: 48%

COTE D’IVOIRE

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Picture Above: Mothers start a club to invest in girls’ education.

Location: Western Africa, bordering the North Atlantic Ocean, between Ghana and Liberia

Population: 22 848 945

Literacy Rate: Overall – 56.9% l Male – 65.6% l Female – 47.6%

GDP (purchasing power parity): $43.67 billion

GDP Growth Rate: 8%

Unemployment Rate: N/A

Population below poverty line: 42%

GHANA

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Ghana 9G5XA DX News

Picture Above: Performers at Ghana sporting event.

Location: Western Africa, bordering the Gulf of Guinea, between Cote d’Ivoire and Togo

Population: 25 758 108

Literacy Rate: Overall – 71.5% l Male – 78.3% l Female – 65.3%

GDP (purchasing power parity): $90.41 billion

GDP Growth Rate: 7.9%

Unemployment Rate: 11%

Population below poverty line: 28.5%

NIGERIA

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Picture Above: Aerial view of photo festival in the capital city, Lagos.

Location: Western Africa, bordering the Gulf of Guinea, between Benin and Cameroon

Population: 177 155 754

Literacy Rate: Overall – 61.3% l Male – 72.1% l Female – 50.4%

GDP (purchasing power parity): $478.5 billion

GDP Growth Rate: 6.2%

Unemployment Rate: 23.9%

Population below poverty line: 70%

HBCU Money™ Histronomics: S.2510 – Howard University Endowment Act

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Sponsor: Dan Quayle (R-IN) – Introduced March 30, 1984

Summary:

Howard University Endowment Act – Authorizes the Secretary of Education to establish an endowment program for Howard University. Authorizes the Secretary, from funds available in any fiscal year for the University, to make grants into the endowment fund established under this Act at the University. Authorizes the Secretary to enter into agreements with the University, including provisions necessary to assure that the purposes of this Act will be achieved.

Requires the University, in order to receive such a grant, to: (1) deposit in the endowment fund an amount equal to such grant; and (2) administer the endowment fund in accordance with the requirements of this Act. Prohibits the source of funds for such institutional match from including Federal funds or funds derived from an existing endowment fund.

Limits the period of any such grant to 20 years. Prohibits the University from withdrawing or expending any of its endowment fund corpus during such grant period. Allows the University, upon expiration of such period, to use the endowment fund corpus plus any endowment fund income for any educational purpose.

Sets forth requirements for investments of the endowment fund corpus and endowment fund income.

Sets forth provisions relating to authorized withdrawals and expenditures of endowment fund income.

Sets forth provisions for enforcement of requirements under this Act.

Makes conforming amendments to specified Federal law relating to Howard University.

Source: Congress.gov

The Term HBCU Must Transcend More Than Colleges For African America

By William A. Foster, IV

I know no national boundary where the Negro is concerned. The whole world is my province until Africa is free. – Marcus Garvey

Village West Revitalization

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Let me say this first – African America must define itself. Again, African American must define itself. It must not be defined by the federal government or those in ivory towers in lands far away. No, African America must define itself. That includes all institutions that have been created to serving our interest.

What is an HBCU? We know the acronym stands for Historically Black Colleges & Universities. We know that it was the federal government that defined an HBCU as an institution whose primary mission was to educate African Americans and established prior to 1964. This inflexible definition based on a founding year sounds a lot like what those in geostrategy would call containment. George F. Keenan, a career Foreign Service Officer, created the policy, strategy, and term of containment to deal with the Soviet Union after World War II. The strategy has been used in many different facets from the very macro level of countries to organizations on micro levels. It has been used by McDonald’s against Burger King and Wendy’s by a strategy of buying and controlling prime property locations when possible. By limiting what an HBCU can be, there seems to be a policy to contain African American institutional power. Unfortunately, HBCUs themselves are contributing to this containment themselves.

Chicago State, Charles Drew University, Martin College, Roxbury Community College, Medgar Ever College all serve predominantly African American populations, but are not considered HBCUs by the federal government and do not receive federal funding – more importantly there does not seem to be effort by traditional HBCUs themselves to include these institutions into the fabric. These schools are located in Illinois, California, Indiana, Massachusetts, and New York, respectively. All strategic geographic areas for African America. Instead, we allow for schools like Bluefield State College, West Virginia State University, and at least six other colleges who have federal HBCU designations, but have predominantly European American populations to receive federal funding under the guise of being HBCUs. They are historic certainly, but have long since not been under the control of African America. Even if we can not change the statute of the funding – debatable since that is what amendments are for – we can do a better job of expanding our geographic reach of what an HBCU is nationally by including the aforementioned schools rather than holding onto institutions we have long since lost control of.

Can HBCUs be more than colleges and universities though? I believe it can, if you believe that an HBCUs purpose in spirit is to serve the institutional development of African America. It can and should include predominantly African American cities and towns, neighborhoods, secondary schools, banks and credit unions, businesses (the reason for the creation of HBCU Chamber of Commerce), colleges and universities outside of the United States serving African Diaspora populations, and other institutions whose purpose are deemed to create an ecosystem of African America’s ability to circulate its social, economic, and political assets. By allowing the term HBCU to transcend colleges and universities it allows a flag of unity and interlocking to be established.

HBCUs are facing threats on a number of fronts. Some of these threats are internal like endowments, alumni giving, and some external like state and federal policies and outside influence looking to dilute and contain HBCUs as institutions of African American institutional power. The way to combat this is to expand not retrench. An HBCU manifest destiny I dare call it. The old saying a chain is only as strong as its weakest link, but what if the chain is not even interlocking? Outside of some loose conference interlocking, there seems to be very little interlocking of African American institutions with each other and HBCUs are no different. We could can help this by expanding the definition of HBCU and defining it ourselves. A definition based on inclusion of other institutions who are working towards the same goals and missions as HBCUs.