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2012’s Top 10 HBCU Endowments

Posted on February 5, 2013 by | 9 comments

2012’s Top HBCU Endowments

This past year was a tough year for HBCU endowments. The top ten HBCU endowments saw a combined decline of $100 million dollars this past year while their top ten HWCU competitors saw an increase of $100 million. The $100 million comprises 0.07 percent of top ten HWCU endowments but comprises a staggering 7.0 percent of top ten HBCU endowments.

There were some shakeups in the top ten HBCU endowments with Meharry Medical College leaping over Florida A&M University for the number four spot in the top ten. Virginia State University becomes the new kid on the block entering the top ten at the number ten spot knocking Winston-Salem State University out of the position from last year. Virginia State University takes the leap into the top ten thanks to having the strongest return on investment of all top ten HBCU endowments with a solid 10.3 percent return on investment in an extremely rough economic climate for America’s college and university endowments in general. The Trojans were the only HBCU in the top ten to return double digits on its endowment last year. Texas College, although not making the top ten had the best return on investment of HBCUs reporting with 12.8 percent. Overall, only three out of the ten top HBCU endowments saw a positive return on investments. The MEAC holds four of the top ten spots and North Carolina A&T State University sits just outside of the top ten at number eleven. Howard University saw the most significant decline losing 12.0 percent and raising some real questions about whether it will come far enough back into the pack to allow Spelman College and Hampton University to make a run at becoming the first HBCU to the coveted one billion dollar mark.

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

Endowment in millions (Investment Return)

1. Howard University

$460 712  (-12.0%)

2. Spelman College

$309 139 (-5.4%)

3. Hampton University 

$232 551 (-3.1%)

4. Meharry Medical College

$112 455 (4.6%)

5. Florida A&M University

$107 743 (-3.4%)

6. Morehouse School of Medicine

$66 925 (-8.2%)

7. Bethune Cookman University

$41 818 (-1.6%)

8. Texas Southern University

$37 962 (4.9%)

9. Tennessee State University

$37 987 (-0.6%)

10. Virginia State University

$33 290 (10.3%)

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.

endowment

Additional Notes:
NACUBO Average Endowment – $491, 637 (-0.7%)
NACUBO Median Endowment – $90,051 (-1.8%)
Top 10 HWCU Endowments combined – $142.2 billion
Top 10 HBCU Endowments combined – $1.4 billion
Source: National Association of College & University Business Officers

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HBCU Money™ Business Book Feature – The Science of Success: How Market-Based Management Built the World’s Largest Private Company

Posted on February 3, 2013 by | Leave a comment

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Charles Koch may very well be the most successful businessman you’ve never heard of. Under his leadership, Koch Industries has become a dynamic and diverse enterprise that Forbes called “the world’s largest private company.”

This groundbreaking book includes the same material used by the leaders and employees of Koch companies to apply Market-Based Management (MBM) to get results. In it, Charles Koch outlines the unique management methodology developed and implemented by Koch Industries. Koch credits MBM for its 2,000-fold growth since 1967, with today having 80,000 employees in 60 countries and with $90 billion in revenues in 2006. MBM is a scientific approach to management that integrates theory and practice, and provides a framework for dealing with the ongoing challenges of growth and change. There really is a science behind success, and it can be applied to any organization.

MBM is rooted in the Science of Human Action, and is defined by five dimensions:

  • Vision—Determining where and how the organization can create the greatest long-term value
  • Virtue and Talents—Helping ensure that people with the right values, skills and capabilities are hired, retained and developed
  • Knowledge Processes—Creating, acquiring, sharing and applying relevant knowledge, and measuring and tracking profitability
  • Decision Rights—Ensuring the right people are in the right roles with the right authority to make decisions and holding them accountable
  • Incentives—Rewarding people according to the value they create for the organization

When these dimensions are applied in an integrated, mutually reinforcing manner, they create continuous transformation and positive growth. Any organization—corporation, small business, nonprofit, government agency—can apply these proven principles.

In addition to an in-depth discussion of MBM’s five dimensions, this book also draws on Koch’s candid examples of his company’s successes and failures. Born out of a life-long study of economics, science, philosophy, psychology, political theory and history, MBM is essentially a practical business application of the principles that have led to innovations and the most prosperous, peaceful, robust economies in history. Let this book show you how to apply the same management philosophy that has served Koch Industries so effectively. MBM will benefit you, your company, your customers and your employees. For more information about Market-Based Management, visit http://www.mbminstitute.org.

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Student Debt Profile By Conference (School By School) – The MEAC

Posted on January 29, 2013 by | Leave a comment

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Bethune-Cookman University

Average debt of graduates, 2011 – $21 528

Proportion of graduates with debt, 2011 – 96%

Nonfederal debt, % of total debt of graduates, 2011 – 11%

2010-11 Pell Grant recipients – 78%

Coppin State University

Average debt of graduates, 2011 – N/A

Proportion of graduates with debt, 2011 – N/A

Nonfederal debt, % of total debt of graduates, 2011 – N/A

2010-11 Pell Grant recipients – 67%

Delaware State University

Average debt of graduates, 2011 – $45 098

Proportion of graduates with debt, 2011 – 90%

Nonfederal debt, % of total debt of graduates, 2011 – 41%

2010-11 Pell Grant recipients – 60%

Florida A&M University

Average debt of graduates, 2011 – $29 554

Proportion of graduates with debt, 2011 – 84%

Nonfederal debt, % of total debt of graduates, 2011 – 8%

2010-11 Pell Grant recipients – 64%

Hampton University

Average debt of graduates, 2011 – $36 913

Proportion of graduates with debt, 2011 – 93%

Nonfederal debt, % of total debt of graduates, 2011 – N/A

2010-11 Pell Grant recipients – 42%

Howard University

Average debt of graduates, 2011 – $15 080

Proportion of graduates with debt, 2011 – 82%

Nonfederal debt, % of total debt of graduates, 2011 – 29%

2010-11 Pell Grant recipients – 43%

University of Maryland-Eastern Shore

Average debt of graduates, 2011 – $23 688

Proportion of graduates with debt, 2011 – 89%

Nonfederal debt, % of total debt of graduates, 2011 – N/A

2010-11 Pell Grant recipients – 51%

Morgan State University

Average debt of graduates, 2011 – $36 045

Proportion of graduates with debt, 2011 – 68%

Nonfederal debt, % of total debt of graduates, 2011 – 8%

2010-11 Pell Grant recipients – 52%

Norfolk State University

Average debt of graduates, 2011 – N/A

Proportion of graduates with debt, 2011 – N/A

Nonfederal debt, % of total debt of graduates, 2011 – N/A

2010-11 Pell Grant recipients – 61%

North Carolina A&T University

Average debt of graduates, 2011 – $20 389

Proportion of graduates with debt, 2011 – 74%

Nonfederal debt, % of total debt of graduates, 2011 – N/A

2010-11 Pell Grant recipients – 54%

North Carolina Central University

Average debt of graduates, 2011 – N/A

Proportion of graduates with debt, 2011 – N/A

Nonfederal debt, % of total debt of graduates, 2011 – N/A

2010-11 Pell Grant recipients – 58%

Savannah State University

Average debt of graduates, 2011 – N/A

Proportion of graduates with debt, 2011 – N/A

Nonfederal debt, % of total debt of graduates, 2011 – N/A

2010-11 Pell Grant recipients – 74%

South Carolina State University

Average debt of graduates, 2011 – N/A

Proportion of graduates with debt, 2011 – N/A

Nonfederal debt, % of total debt of graduates, 2011 – N/A

2010-11 Pell Grant recipients – 75%

Source: The Project on Student Debt

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HBCU Money™ Business Book Feature – Liquidated: An Ethnography of Wall Street

Posted on January 27, 2013 by | Leave a comment

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Financial collapses—whether of the junk bond market, the Internet bubble, or the highly leveraged housing market—are often explained as the inevitable result of market cycles: What goes up must come down. In Liquidated, Karen Ho punctures the aura of the abstract, all-powerful market to show how financial markets, and particularly booms and busts, are constructed. Through an in-depth investigation into the everyday experiences and ideologies of Wall Street investment bankers, Ho describes how a financially dominant but highly unstable market system is understood, justified, and produced through the restructuring of corporations and the larger economy.

Ho, who worked at an investment bank herself, argues that bankers’ approaches to financial markets and corporate America are inseparable from the structures and strategies of their workplaces. Her ethnographic analysis of those workplaces is filled with the voices of stressed first-year associates, overworked and alienated analysts, undergraduates eager to be hired, and seasoned managing directors. Recruited from elite universities as “the best and the brightest,” investment bankers are socialized into a world of high risk and high reward. They are paid handsomely, with the understanding that they may be let go at any time. Their workplace culture and networks of privilege create the perception that job insecurity builds character, and employee liquidity results in smart, efficient business. Based on this culture of liquidity and compensation practices tied to profligate deal-making, Wall Street investment bankers reshape corporate America in their own image. Their mission is the creation of shareholder value, but Ho demonstrates that their practices and assumptions often produce crises instead. By connecting the values and actions of investment bankers to the construction of markets and the restructuring of U.S. corporations, Liquidated reveals the particular culture of Wall Street often obscured by triumphalist readings of capitalist globalization.

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African America’s Top 5 Highest Paid Media Personalities Of 2012

Posted on January 23, 2013 by | Leave a comment

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How good is it to be the man with second ranked courtroom show and the longest running court show featuring an African American judge? It is good enough to ensure you make more money than the next 4 on our list combined. These 5 combine to bring in $34.5 million annually in salary and often have the ears and eyes of millions on a daily basis. A nice day’s work at the office – or in this case the studio.

1 – Judge Joe Brown (pictured above)

2012 Salary: $20 Million

Show: Judge Joe Brown Show

2 – Al Roker

2012 Salary: $7 Million

Show: NBC News

3 – Robin Roberts

2012 Salary: $6 Million

Show: ABC News

4 – Gayle King

2012 Salary: $2 Million

Show: CBS News

5 – Sherri Shepherd

Salary: $1.5 Million

Show: The View

Source: TV Guide; Daily Beast; Huffington Post

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