Official Launch!

Posted on February 1, 2012 by | Leave a comment

I am happy to announce today with the start of African American history month the launch of HBCU Money™. The authoritative source for economic and financial matters concerning HBCU Nation in America, Africa, and the Caribbean.

Look for exciting and groundbreaking coverage in ways rarely covered on our financial matters. You’ll be seeing the launch of HBCU Money TV™ in the coming year as well.

We will look to earn your support, loyalty, and interaction with our community as we continue to build a presence in the world of financial journalism.

Our Money Matters™

Sincerely,

William A. Foster, IV                                                                                             President                                                                                                                             AK Companies, Inc.

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2010’s Top 10 HBCU Endowments

Posted on December 28, 2011 by | Leave a comment

Our inaugural list of the top 10 HBCU Endowments and their investment returns.

Don’t see your HBCU in the top 10? DONATE.

Endowment (in millions) l Investment Return %

1. Howard University

$399,678 l 9.6%

2. Spelman College

$295,220 l 3.5%

3. Hampton University 

$212,712 l 10.0%

4. Florida A&M University

$96,154 l 9.6%

5. Meharry Medical College

$90,569 l 20.5%

6. Tuskegee University

$86,117 l 18.6%

7. Johnson C. Smith University

$45,190 l 21.6%

8. Bethune Cookman University

$34,035 l 12.1%

9. Tennessee State University

$31,212 l 7.9%

10. Texas Southern University

$29,767 l 2.6%

Take a look at how an endowment works. Not only scholarships 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.

Additional Notes:
NACUBO Average Endowment – $408 million (8.4%)
NACUBO Median Endowment – $74 million (7.4%)
Top 10 HWCU Endowments combined – $120 billion
Top 10 HBCU Endowments combined – $1.3 billion
Source: National Association of College & University Business Officers

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Welcome to HBCU Money™

Posted on November 22, 2011 by | Leave a comment

Welcome to HBCU Money™ a  magazine focusing on economic & financial matters that impact HBCU students, universities, alumni, and friends.

Our official launch is coming February 1, 2012!

HBCU Money™ is an intellectual property wholly owned and managed by the multimedia division of AK Companies, Inc. Any reprinting or use of this material without the express written consent of AK Companies, Inc. is strictly prohibited.

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