Category Archives: Lists

HBCU Money™ Presents: 2018’s HBCU Alumni NFL Players’ & Salaries


In our 5th annual installment of tracking the earnings of HBCU alumni who are NFL players, the University of Arkansas-Pine Bluff’s Terron Armstead takes the crown.

HBCU Money™ FACTS:

  • HBCU NFL players combine for $38.7 million, an almost 32 percent decline from our last list in 2016, when HBCU NFL players earned $56.4 million.
  • South Carolina State University leads the way with 4 NFL players.
  • 16 HBCUs are represented in the NFL. Up from 15 in 2016.
  • Average salary for HBCU NFL players is $1.8 million, a sharp decrease from $2.1 million in 2016.
  • Median salary for HBCU NFL players is $630,000, down 35 percent from 2016.
  • HBCU players account for 1.3 percent of the NFL’s 32 team active roster spots.
  1. Terron Armstead /University Arkansas-Pine Bluff / Saints / $10.3 million
  2. Antoine Bethea / Howard University / Cardinals / $4.48 million
  3. William Hayes / Winston-Salem State University / Dolphins / $4.05 million
  4. Isaiah Crowell / Alabama State University / Jets / $4 million
  5. Rafael Bush / South Carolina State University / Bills / $2 million
  6. Joe Thomas / South Carolina Sate University / Cowboys / $1.575 million
  7. Brandon Parker / North Carolina A&T State Univ. / Raiders / $1.538 million
  8. Anthony Levine / Tennessee State University / Ravens / $1.4 million
  9. Rodney Gunter / Delaware State University / Cardinals / $705,000
  10. Javon Hargrave / South Carolina State Univ. / Steelers / $691,000
  11. Antonio Hamilton / South Carolina State University / Giants / $630,000 (Tied)
  12. Chester Rogers / Grambling State University / Colts / $630,000 (Tied)
  13. Ryan Smith / North Carolina Central University / Buccaneers / $630,000 (Tied)
  14. Trenton Cannon / Virginia State University / Jets / $619,224
  15. Chad Williams / Grambling State University / Cardinals / $581,500
  16. Tarik Cohen / North Carolina A&T State Univ. / Bears / $555,000 (Tied)
  17. Tony McRae / North Carolina A&T State Univ. / Bengals / $555,000 (Tied)
  18. Michael Ola / Hampton University / Saints / $511,181
  19. Danny Johnson / Southern University / Redskins / $490,000
  20. Trent Scott / Grambling State University / Chargers / $451,674
  21. KhaDarel Hodge / Prairie View A&M University / Rams / $423,529
  22. Jawill Davis / Bethune-Cookman University / Giants / $395,294
Advertisements

HBCU Money™ Presents: 2016-2017’s Private HBCU Presidents By Salary/Compensation


HBCU Money’s inaugural gathering of presidential salaries at the nation’s private HBCUs.

HIGHLIGHTS

  • Out of 570 reported private college & universities presidential salaries’ from American colleges & universities, 58 (or 10 percent) earned more than $1 million annually in compensation.
  • America’s top 5 paid private university presidents’ compensation ($16.7 million) is almost six times greater than the top 5 paid private HBCU university presidents’ ($3.07 million) on our list.
  • 8 of the 11 private HBCUs present have graduate/professional programs.

Wayne Frederick Howard University – $1,049,522

Norman Francis* Xavier University (LA) – $631,883

William Harvey Hampton University – $539,384

Beverly Tatum* Spelman College – $446,334

David Carlisle Charles Drew University (Medical) – $429,302

John Wilson Morehouse College – $424,519

Edison Jackson Bethune-Cookman University – $409,823

Carlton Brown* Clark Atlanta University – $389,995

Brian Johnson Tuskegee University – $335,000

Ronald Carter Johnson C. Smith University – $261,899

Walter Kimbrough Dillard University – $238,125

Ronald Johnson* Clark Atlanta University – $234,701

C. Reynold Verret Xavier University (LA) – $194,154

Mary Campbell* – Spelman College – $191,126

*Partial-year compensation

Source: The Chronicle of Higher Education

HBCU Money™ Presents: 2016-2017’s Public HBCU Presidents By Salary/Compensation


HBCU Money’s second annual gathering of presidential salaries at the nation’s public HBCUs.

HIGHLIGHTS

  • The highest paid public HBCU presidents’ list is dominated by the SWAC/MEAC who comprise 10 of the 11 highest paid presidents with the MEAC leading the way with six.
  • America’s top 5 paid public university presidents’ compensation ($10.3 million) is more than five times greater than the top 5 paid public HBCU university presidents’ ($2.05 million) on our list.
  • 1890 HBCUs, land-grant institutions, comprise 5 out of the 9 HBCUs present.

Ray Belton Southern Univ. System – $452,000

Austin Lane – Texas Southern University – $437,800

David Wilson Morgan State University – $432,754

Harold Martin North Carolina A&T State Univ. – $380,210

Larry Robinson* Florida A&M University – $347,344

Glenda Baskin-Glover Tennessee State Univ. – $321,596

Mickey Burnim Bowie State University – $318,664

James Clark South Carolina State Univ. – $230,000

Roderick Paige* Jackson State University – $170,387

Elmira Mangum* Florida A&M University – $107,471

Carolyn Meyers* Jackson State University – $90,166

*Partial-year compensation

Source: The Chronicle of Higher Education

HBCU Money’s 2018 African American Owned Bank Directory


(Founders of Merchants & Farmers Bank in Durham, North Carolina)

All banks are listed by state. In order to be listed in our directory the bank must have at least 51 percent African American ownership. You can click on the bank name to go directly to their website.

OTHER KEY FINDINGS:

  • Key losses were the sale of First State Bank in Danville, Virginia.
  • AAOBs are in 16 states and territories. Key states absent are Florida, Mississippi, New York, Ohio, and Virginia.
  • Alabama, Georgia, and Tennessee, each have two AAOBs.
  • 2017 Median AAOBs Aseets: $133 096 000 ($109 858 000)*
  • 2017 Average AAOBs Assets: $222 831 000 ($218 346 000)*
  • Of the surviving African American bank assets saw a 2.1 percent increase or net gain of approximately $85.2 million in assets in 2017.
  • AAOBs control 0.03 percent of America’s $15.4 trillion Bank Owned Assets.
  • AAOBs control 1.9 percent of FDIC designated Minority-Owned Bank Assets, which is down from 2 percent in 2017.
  • There has not been an AAOB started in 17 years.
  • 11 of 2016’s 19 AAOBs saw increases in assets.
  • For comparison, Asian American Owned Banks have approximately $112.4 billion in assets spread over 76 institutions. An almost 300 percent increase over the past two years.

There are 19 African American owned banks (AAOBs) with assets totaling approximately $4.2 billion in assets or approximately 0.38 percent of African America’s $1.1 trillion in buying power. An unchanged percentage from 2017.

ALABAMA

ALAMERICA BANK

Location: Birmingham, Alabama

Founded: January 28, 2000

FDIC Region: Atlanta

Assets: $35 328 000

Asset Change (2017): Down 2.6%

COMMONWEALTH NATIONAL BANK

Location: Mobile, Alabama

Founded: February 19, 1976

FDIC Region: Atlanta

Assets: $49 485 000

Asset Change (2017): Down 11.4%

CALIFORNIA

BROADWAY FEDERAL BANK FSB

Location: Los Angeles, California

Founded: February 26, 1947

FDIC Region: San Francisco

Assets: $411 638 000

Asset Change (2017): Down 0.4%

DISTRICT OF COLUMBIA

INDUSTRIAL BANK

Location: Washington, DC

Founded: August 18, 1934

FDIC Region: New York

Assets: $423 202 000

Asset Change (2017): Up 8.9%

GEORGIA

CARVER STATE BANK

Location: Savannah, Georgia

Founded: January 1, 1927

FDIC Region: Atlanta

Assets: $42 077 000

Asset Change (2017): Up 5.9%

CITIZENS TRUST BANK

Location: Atlanta, Georgia

Founded: June 18, 1921

FDIC Region: Atlanta

Assets: $428 579 000

Asset Change (2017): Up 5.6%

ILLINOIS

ILLINOIS SERVICE FEDERAL SAVINGS & LOAN

Location: Chicago, Illinois

Founded: January 01, 1934

FDIC Region: Chicago

Assets: $133 096 000

Asset Change (2017): Up 26.3%

LOUISIANA

LIBERTY BANK & TRUST COMPANY

Location: New Orleans, Louisiana

Founded: November 16, 1972

FDIC Region: Dallas

Assets: $605 490 000

Asset Change (2017): Down 1.0%

MARYLAND

HARBOR BANK OF MARYLAND

Location: Baltimore, Maryland

Founded: September 13, 1982

FDIC Region: New York

Assets: $266 208 000

Asset Change (2017): Up 7.2%

MASSACHUSETTS

ONEUNITED BANK

Location: Boston, Massachusetts

Founded: August 02, 1982

FDIC Region: New York

Assets: $658 014 000

Asset Change (2017): Up 1.8%

MICHIGAN

FIRST INDEPENDENCE BANK

Location: Detroit, Michigan

Founded: May 14, 1970

FDIC Region: Chicago

Assets: $286 561 000

Asset Change (2017): Up 21.4%

NEW JERSEY

CITY NB OF NEW JERSEY

Location: Newark, New Jersey

Founded: June 11, 1973

FDIC Region: New York

Assets: $213 858 000

Asset Change (2017): Down 4.1%

NORTH CAROLINA

MECHANICS & FARMERS BANK

Location: Durham, North Carolina

Founded: March 01, 1908

FDIC Region: Atlanta

Assets: $254 776 000

Asset Change (2017): Down 17.6%

PENNSYLVANIA

UNITED BANK OF PHILADELPHIA

Location: Philadelphia, Pennsylvania

Founded: March 23, 1992

FDIC Region: New York

Assets: $59 009 000

Asset Change (2017): Up 5.4%

SOUTH CAROLINA

SOUTH CAROLINA COMMUNITY BANK

Location: Columbia, South Carolina

Founded: March 26, 1999

FDIC Region: Atlanta

Assets: $52 586 000

Asset Change (2017): Up 2.5%

TENNESSEE

CITIZENS SAVINGS B&T COMPANY

Location: Nashville, Tennessee

Founded: January 4, 1904

FDIC Region: Dallas

Assets: $107 165 000

Asset Change (2017): Down 2.5%

TRI-STATE BANK OF MEMPHIS

Location: Memphis, Tennessee

Founded: December 16, 1946

FDIC Region: Dallas

Assets: $86 651 000

Asset Change (2017): Down 15.4%

TEXAS

UNITY NB OF HOUSTON

Location: Houston, Texas

Founded: August 01, 1985

FDIC Region: Dallas

Assets: $96 010 000

Asset Change (2017): Up 14.0%

WISCONSIN

COLUMBIA SAVINGS & LOAN ASSOCIATION 

Location: Milwaukee, Wisconsin

Founded: January 1, 1924

FDIC Region: Chicago

Assets: $23 973 000

Asset Change (2017): Down 1.8%

 

HBCU Money’s 2017 Top 10 HBCU Endowments


HBCU endowments after a sluggish few years have bounced back with a spring in their step. Half of this year’s list has double digit gains in their endowment’s market value, which is the best showing since 2014. There are certainly some strong arguments of what has led to this turnaround in the past 365 days. One thing for sure is the strong stock market helped all universities and colleges in increased values. There has also been a renewed interest HBCU engagement among the African American community in general with increased admissions and donations across many HBCU institutions. This always bodes well for future endowments given that much of alumni giving is a numbers game. With the economy by many estimates on growing yet shaky ground, future market value growth for HBCU endowments may rest even more so in the pockets of alumni to steady the ship when rough waters approach so that will be something to keep an eye on.

We can only hope that Howard University (despite this year’s absence) is creeping towards the billion dollar endowment mark because the gap between the Top 10 HWCU/PWI endowments and the Top 10 HBCU/PBI endowments seems to only balloon year after year, with the gap increasing from an approximately $140 billion in 2010 to the current almost $200 billion. A gap that for perspective is twice as much as the world’s richest man, Jeff Bezos, entire net worth. As it stands now, there are 100 HWCU/PWIs with a billion dollar endowment or greater and 10 with a market value of $10 billion and greater.

Although they are far from the Top 10, Texas College continues to impress with their endowment’s market value growth, placing 9th out of the 818 colleges and universities that reported to this year’s NACUBO survey with 33.8 percent growth. Whatever is going on in Tyler, Texas, we encourage others to take note.

1. Howard University – Unreported**

2. Spelman College – $366 056 (5.5%)

3.  Hampton University – $279 093 (10.0%)

4.  Meharry Medical College – $153 653 (7.7%)

5. Florida A&M University – $113 000 (-0.1%)

6.  Tennessee State University – $55 840 (11.1%)

7.  University of the Virgin Islands – $55 549 (1.1%)

8.  North Carolina A&T State University  – $55 231 (14.9%)

9.  Texas Southern University – $54 171 (12.5%)

10. Virginia State University – $51 122 (11.6%)

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.

 

*Note: The change in market value does NOT represent the rate of return for the institution’s investments. Rather, the change in the market value of an endowment from FY2016 to FY2017 reflects the net impact of: 1) withdrawals to fund institutional operations and capital expenses; 2) the payment of endowment management and investment fees; 3) additions from donor gifts and other contributions; and 4) investment gains or losses.

**Howard University did not report their endowment, but has been ranked number one since our list began. As such, we acknowledge the high probability that they remain as such.

Additional Notes:
NACUBO Average Endowment – $704 527 (8.9%)
NACUBO Median Endowment – $130 963 (6.0%)
Top 10 HWCU Endowments combined – $198.4 billion                                        Top 10 HBCU Endowments combined – $1.9 billion

Source: National Association of College & University Business Officers