HBCU Money™ Dozen Links 2/4 – 2/8

Posted on February 9, 2013 by | Leave a comment

Did you miss HBCU Money™ Dozen via Twitter? No worry. We are now putting them on the site for you to visit at your leisure.

Government Departments

Improving LED technology – that’s on The Academic Minute, featured show this weekend Science360 Radio l NSF ow.ly/hzhBC

Ernest Moniz, under consideration to be U.S. energy secretary, made case for nuclear power l Foreign Affairs fam.ag/14YBYYB

World’s fastest growing economies: South Sudan, which may grow by 70% in 2013 l Foreign Affairs fam.ag/XW469A

US exports Rise to Record Annual Total of Nearly $2.2 Trillion in 2012 l Ex-Im Bank go.usa.gov/4w7x

Zombie replicants soon to outperform the living l DoE 1.usa.gov/Y01WE3

Gas hydrates do not come from over-eating! Check out what, where, & why we need to study them l USGS on.doi.gov/V4F35q

Federal Reserve, Central Banks, & Financial Departments

Households in India are less poor, on average, than households in Sub-Saharan Africa l World Bank bit.ly/UA6ExL

In our archives, read about the Bretton Woods Agreement, which set up the IMF and World Bank l St. Louis Fed bit.ly/RnSNom

Read our study of the nonprofit foreclosure counseling industry in Philadelphia l Philadelphia Fed http://ow.ly/hr72D

The U.S. trade deficit contracted $10.1 billion in December l Cleveland Fed ow.ly/hzkH5

Interested in economics research? See IDEAS, a web site based on the RePEc initiative l St. Louis Fed bit.ly/SVlCWW

Should countries tax international borrowing? l NY Fed http://bit.ly/V3ujUX

Thank you as always for joining us on Saturday for HBCU Money™ Dozen. The 12 most important government and central bank articles of the week.

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Posted in Finance & Tech Review

The HBCU Money™ Weekly Market Watch

Posted on February 8, 2013 by | Leave a comment

Our Money Matters /\ February 8, 2013

NAME TICKER PRICE (GAIN/LOSS %)

African American Publicly Traded Companies

Citizens Bancshares Georgia (CZBS) $4.65 (UNCH)

Carver Bank New York (CARV) $5.08 (12.89% UP)

Radio One (ROIA) $1.34 (UNCH)

African Stock Exchanges

Bourse Regionale des Valeurs Mobilieres (BRVM)  179.01 (0.06% UP)

Botswana Stock Exchange (BSE)  7 820.40 (0.09% DN)

Ghana Stock Exchange (GSE)  1 138.97 (17.54% UP)*

Nairobi Stock Exchange (NSE)  107.42 (N/A)

Johannesburg Stock Exchange (JSE) 40 892.65 (0.49% UP)

International Stock Exchanges

New York Stock Exchange (NYSE) 8 919.46 (0.29% UP)

London Stock Exchange (LSE)  3 294.27 (0.57% UP)

Tokyo Stock Exchange (TOPIX)  957.35 (1.22% DN)

Commodities

Gold 1 668.90 (0.14% DN)

Oil 95.74 (0.09% DN)

*Ghana Stock Exchange shows current year to date movement. All others daily.

All quotes reported as of 4:00 PM Eastern Time Zone

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Percentage of Population With Graduate Degree Per HBCU State

Posted on February 7, 2013 by | Leave a comment

for-profit-colleges-found-to-have-favorable-graduation-and-retention-rates-10012802

While these numbers are reflective of each state’s population as a whole and not just African Americans (which are traditionally lower), it does offer a glimpse into opportunities where HBCUs can have major impact to become the educational leader of that state and thereby creating influence throughout their state and region for African Americans. It also speaks largely to the education and economic environment within a state. Arguably, Virginia is the only southern HBCU state to be above the national average. This is more than likely due to its northern Virginia region. In large part is shows that the primary concentration of HBCU states have much to do in order to the intellectual capital of the nation. An opportunity that HBCUs themselves will have to battle to influence given the social and political climate toward our institutions and the economic strain that continues to face the nation as a whole.

gradhbcustate

STATE – % OF POPULATION WITH GRADUATE DEGREE

Washington D.C. – 29.2%

Massachusetts – 16.8%

Maryland – 16.5%

Virginia – 14.6%

New York – 14.2%

Delaware – 11.7%

Illinois – 11.7%

California – 11.1%

Pennsylvania -10.4%

Michigan – 9.9%

Georgia – 9.8%

Missouri – 9.7%

Florida – 9.3%

North Carolina – 9.2%

Ohio – 9.2%

Kentucky – 8.8%

Texas – 8.7%

Alabama – 8.4%

South Carolina – 8.4%

Tennessee – 8.3%

Oklahoma – 7.8%

Mississippi – 7.3%

Arkansas – 7.2%

Louisiana – 7.1%

Source: Bloomberg Visual Data

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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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The HBCU Endowment Feature – Lane College

Posted on February 4, 2013 by | Leave a comment

Lane_College

School Name: Lane College

Median Cost of Attendance: $14 600

Undergraduate Population: 2 002

Endowment Needed: $584 584 000

Analysis: Lane College needs approximately $585 million dollars to allow of its undergraduates to attend debt free annually. The school is located in Jackson, Tennessee and is the halfway point between Memphis and Nashville. A geographic gold mine if properly implemented into strategy. The ability to pull from two of the three major cities in Tennessee should allow for it to endear itself to prospective students who want to be away from home but still within driving distance. Being in a city that has been openly hostile to diluting the African American political power in the city could directly impact the resources available to the school. Lane College should take a more active role in influencing the policies to increase its economic absorption of local resources. Its student body comprises 4.2 percent of the voting age population in the city. While that does not sound like a large number on the national scale in small town politics that is often more than enough to create an influential voting bloc. Lane College also has the opportunity with almost 50 percent of the town’s approximately 65 000 population being African American provide a number of services to the community that would allow it to increase revenues that could grow the endowment. The college is in a prominent position to influence a large part of western Tennessee and needs to leverage its geographic advantage. Ultimately, this will allow the school to produce a donor pool that could push into the low eight figure category over the next decade and creating one of the biggest influence per endowment dollar of any liberal arts HBCU in the nation.

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Posted in Philanthropy

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