Category Archives: Lists

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

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HBCU Money™ Presents: The George W. Carver 2015’s Top 20 HBCU Research Institutions


HBCUs continue to go backwards in the research field according to the latest National Science Foundation data. In 2014, research expenditures for the top 20 HBCUs combined for $445.4 million, while 2015 combines for $425.7 million. This represents a 4.4 percent drop year over year and 5.5 percent drop from two years ago.

  • The top ranked HBCU is Howard University at 197 and the twentieth ranked Xavier University of Louisiana is listed at 326 in America’s college research landscape.
  • MEAC maintains the way with eight schools versus the SWAC dropping to three after Alcorn State University gave way to XUL.
  • Division II/III schools also comprise four schools on the list, an increase from two in 2014.
  • 1890 HBCUs, land-grant universities, make up for seven of the twenty top HBCU research universities.

Rank. HBCU. Previous Year In Parentheses.

  1. Howard University – $47.3 million ($40.7M)
  2. Florida A&M University – $46.5 million ($46.4M)
  3. North Carolina A&T State Univ. – $35.2 million ($35.0M)
  4. Morehouse School of Medicine – $33.4 million ($41.9M)
  5. Alabama A&M University – $29.2 million ($29.5M)
  6. Tuskegee University – $25.7 million ($24.9M)
  7. Jackson State University – $23.9 million ($26.6M)
  8. University of the Virgin Islands – $20.6 million ($20.4M)
  9. Tennessee State University – $20.0 million ($20.1M)
  10. Delaware State University – $16.0 million ($17.7M)
  11. Hampton University – $14.9 million ($11.2M)
  12. Charles Drew University of Medicine – $14.1 million ($20.7M)
  13. Meharry Medical College – $14.0 million ($19.0M)
  14. Fayetteville State University – $13.7 million ($14.7M)
  15. Morgan State University – $13.6 million ($15.7M)
  16. Prairie View A&M University – $13.1 million ($12.3M)
  17. South Carolina State University – $12.6 million ($12.7M)
  18. North Carolina Central University – $12.4 million ($11.5M)
  19. Clark Atlanta University – $9.9 million ($9.2M)
  20. Xavier University of LA. – $9.6 million ($9.3M)

TOP 20 COMBINED TOTAL: $425.7 million ($445.4 million)

Additional Notes

The HWCU-HBCU gap for research among top 20 research institutions is 50:1

Top 20 HWCUs Combined: $21.1 billion ($23.2 billion)

Top 20 Average HWCU – $1.1 billion vs. Top 20 Average HBCU – $21.3 million

Top 20 Median HWCUs – $990 million vs. Top 20 Median HBCU – $15.5 million

Source: National Science Foundation

HBCU Money™ Business Book Feature – Wired to Create: Unraveling the Mysteries of the Creative Mind


Is it possible to make sense of something as elusive as creativity? Based on psychologist Scott Barry Kaufman’s groundbreaking research and Carolyn Gregoire’s popular article in the Huffington Post, Wired to Create offers a glimpse inside the “messy minds” of highly creative people. Revealing the latest findings in neuroscience and psychology, along with engaging examples of artists and innovators throughout history, the book shines a light on the practices and habits of mind that promote creative thinking. Kaufman and Gregoire untangle a series of paradoxes— like mindfulness and daydreaming, seriousness and play, openness and sensitivity, and solitude and collaboration – to show that it is by embracing our own contradictions that we are able to tap into our deepest creativity. Each chapter explores one of the ten attributes and habits of highly creative people:

Imaginative Play * Passion * Daydreaming * Solitude * Intuition * Openness to Experience * Mindfulness * Sensitivity * Turning Adversity into Advantage * Thinking Differently

With insights from the work and lives of Pablo Picasso, Frida Kahlo, Marcel Proust, David Foster Wallace, Thomas Edison, Josephine Baker, John Lennon, Michael Jackson, musician Thom Yorke, chess champion Josh Waitzkin, video-game designer Shigeru Miyamoto, and many other creative luminaries, Wired to Create helps us better understand creativity – and shows us how to enrich this essential aspect of our lives.

HBCU Money™ Business Book Feature – A Beautiful Question: Finding Nature’s Deep Design


Does the universe embody beautiful ideas?
 
Artists as well as scientists throughout human history have pondered this “beautiful question.” With Nobel laureate Frank Wilczek as your guide, embark on a voyage of related discoveries, from Plato and Pythagoras up to the present. Wilczek’s groundbreaking work in quantum physics was inspired by his intuition to look for a deeper order of beauty in nature. This is the deep logic of the universe—and it is no accident that it is also at the heart of what we find aesthetically pleasing and inspiring.

Wilczek is hardly alone among great scientists in charting his course using beauty as his compass. As he reveals in A Beautiful Question, this has been the heart of scientific pursuit from Pythagoras and the ancient belief in the music of the spheres to Galileo, Newton, Maxwell, Einstein, and into the deep waters of twentieth-century physics. Wilczek brings us right to the edge of knowledge today, where the core insights of even the craziest quantum ideas apply principles we all understand. The equations for atoms and light are almost the same ones that govern musical instruments and sound; the subatomic particles that are responsible for most of our mass are determined by simple geometric symmetries.

Gorgeously illustrated, A Beautiful Question is a mind-shifting book that braids the age-old quest for beauty and the age-old quest for truth into a thrilling synthesis. It is a dazzling and important work from one of our best thinkers, whose humor and infectious sense of wonder animate every page. Yes: The world is a work of art, and its deepest truths are ones we already feel, as if they were somehow written in our souls.

Praise for A Beautiful Question:

“An expertly curated tour across 2,500 years of philosophy and physics . . . [Frank Wilczek] has accomplished a rare feat: Writing a book of profound humanity based on questions aimed directly at the eternal.” —The Wall Street Journal
 
“Both a brilliant exploration of largely uncharted territories and a refreshingly idiosyncratic guide to developments in particle physics.” —Nature
 
“Inspiring and remarkably accessible . . . Wilczek’s language is lyrical and almost mystical. . . . Whatever the answer Nature will ultimately give us, we have the pleasure of engaging with an enlightened and humble mind.” —The Chronicle of Higher Education