Tag Archives: clark atlanta university

The Million Dollar Gift Club: 2018’s Seven Figure Donations To HBCUs Led By Spelman College

An uptick overall, but more importantly a bounce back for HBCUs is how 2018 would be described in the land of the big philanthropy. The Center for Philanthropy reported 497 gifts of $1 million or more to all colleges and universities. After a sluggish few years, HBCUs have seen the most $1 million plus gifts since 2014. In terms of pure dollar amount, this year’s class has bested them all since HBCU Money began tracking the data six years ago with $43 million combined among the HBCUs obtaining gifts.

High-quality donors (who give consistently and over their lifetime will probably give six to seven figures of donations) continue to show up for HBCUs, but still not representative of HBCUs presence in America’s higher education landscape. While HBCUs represent three percent of the country’s colleges, this year only 1.4 percent of the 497 $1m plus donations found their way to an HBCU. Tranformative donors (who can change the paradigm of an entire institution with one donation) continue to elude HBCUs all together, while PWI/HWCUs landed 13 donations of $100 million plus in 2018.

The gap this year between top seven PWI/HWCU gifts totaled $2.94 billion while HBCUs as mentioned totaled $43 million or a $68 to $1 ratio.

1. Ronda E. Stryker & William D. Johnsont (pictured) – $30 million
Recipient: Spelman College
Source of Wealth: Health products

2. Seth & Beth Klarman  – $5 million                                                        Recipient: Spelman College
Source of Wealth: Finance

3. Roland Parrish – $3 million
Recipient: Fisk University
Source of Wealth: Food & beverage

4. Gene & Patsy Ponder – $2 million
Recipient: Wiley College
Source of Wealth: Manufacturing

5. Kenya & Rainbow Barris (tie) – $1 million                                                        Recipient: Clark Atlanta University
Source of Wealth: Entertainment

5. Irvin & Pamela Reid (tie) – $1 million
Recipient: Howard University
Source of Wealth: Education

5. Denzel Washington (tie) – $1 million
Recipient: Wiley College
Source of Wealth: Media & entertainment

 

Source: Chronicle of Philanthropy

 

 

Donate To Every School In The CIAA/SIAC Challenge

How many HBCUs have you donated money too? Below are the jump pages for every CIAA/SIAC school and/or foundation’s giving page. We challenge HBCU alumni to give to their own and as many HBCUs as possible.

There are 25 HBCUs between the CIAA and SIAC with approximately 75,000 students. The two historic HBCU conferences cover a lot of geography from the Midwest to the Southeast and up the eastern coast.

Albany State University Give Now

Albany State University Foundation

Benedict College Give Now

Bowie State University Give Now

Bowie State University Foundation

Central State University Give Now

Central State University Foundation

Claflin University Give Now

Clark Atlanta University Give Now

Elizabeth City State University Give Now

Elizabeth City State University Foundation

Fayetteville State University Give Now

Fort Valley State University Give Now

Fort Valley State University Foundation

Johnson C. Smith University Give Now

Kentucky State University Give Now

Kentucky State University Foundation

Lane College Give Now

LeMoyne-Owen College Give Now

Lincoln University Give Now

The Lincoln Fund

Livingstone College Give Now

Miles College Give Now

Morehouse College Give Now

Paine College Give Now

Saint Augustine’s University Give Now

Savannah State University Give Now

Savannah State University Foundation

Tuskegee University Give Now

Virginia State University Give Now

Virginia State University Foundation

Virginia Union University Give Now

Winston-Salem State University Give Now

Winston-Salem State University Foundation

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

The Conundrum Of HBCUs & American Campus Communities

Glorious shall be the battle when the time comes to fight for our people and our race. – Marcus Garvey

It is often preached that one of the major obstacles to African American economic development is the inability for the African American dollar to circulate within the community. This is often viewed on an individual level by where African Americans shop or eat, but what about at the institutional level? Do African American businesses and institutions like HBCUs also have a role to play in the circulation of the dollar? The answer is without a doubt, yes. Perhaps even more so and more impactful than anything individuals can do. Yet, it seems that when it comes to real estate development and student housing, specifically HBCUs have missed a golden opportunity to circulate millions of dollars within the African American economic ecosystem. To be more blunt, they have failed. That land development is not more revered is somewhat remiss given the lore of the 40 acres and a mule legacy within our communities, but our lack of strategic integration has become others opportunities.

American Campus Communities is a real estate investment trust (REIT) that was co-founded in 1993 by Bill Blayless. Its primary developments are as their name suggest focused on college and universities both on and off campus and primarily housing with some retail mixed in. They have built 206 developments spread across 96 colleges of which 11 have been built on 7 HBCU campuses. Prairie View A&M University, which has a twenty year relationship with ACC,  has the most with four developments with the most recent one opening in 2017. ACC as they are known by their ticker symbol is publicly traded with a market capitalization of $6.1 billion and annual revenue of almost three-quarters of a billion dollars. They have a unique niche in the campus housing development space. However, the story does not simply end there.

If HBCUs are going to do business with developers that are not African American and more importantly HBCU alumni, then there should be something that compels them to do so. A company with an outstanding track record for diversity, a stake of the company in their endowment portfolio, etc. Yet, further examination of American Campus Communities leaves serious questions about exactly who is making the decisions to use them for HBCUs. Of the company’s executive team, senior officers, and board of directors there is not one African American present and no HBCU alumni present either. In fact, there are no ethnic minorities period on the aforementioned groups and only a handful of women. What are decisions like this saying to our community that we so passionately claim to be saying we have the interest of? Are we to believe that there are no African American real estate developers who we trust or are worthy of such projects?

Don Peebles, Sharon Johnson, and Quintin Primo, three African American real estate developers with a combined net worth of almost $2 billion, have developed multi-faceted real estate development corporations and are nationally known certainly would seem more than capable of handling the multi-millions worth of development that happens at HBCUs. There are likely hundreds if not thousands of local African American developers as well like Sharone Mayberry in Houston, Texas who renovated Unity Bank, the only African American owned bank in Texas, and is leading the efforts of renovation in Houston’s historic Third Ward.

It is hardly a surprise that some of these HBCUs are being directed who to use or even having it chosen for them as six of the seven HBCUs who have ACC developments are state schools with Clark Atlanta University being the one private school. Being a public university means that public politics from the gubernatorial office and state politicians have a heavy influence on who receives government and public contracts for work throughout the state. This probably comes with a concerted lobbying effort by ACC to select politicians who make the decisions. The autonomy that state/public schools among the smaller schools (see HBCUs) often marginalizes their decision making while the state’s flagships tend to have the political capital to leverage their own autonomous decisions as it relates to almost every facet of their strategic decision making.

To be clear, this is not a suggestion that all American Campus Communities needs to do is add a token African American to their executive team or board and all is right in the world. That would still not create institutional circulation of the African American dollar and ultimately that is what this is about. If embracing the true circulation and creating a multiplying effect it would take HBCUs concerting with African American financial institutions to sell the bonds that would raise the funds for such construction, then taking that funding and having a request for proposals that ensured HBCU engineers, architects, and developers were a healthy percentage of those who were vying for the bid. Something akin to the Rooney Rule that the NFL uses in ensuring minority coaches get interviewed for head coaching positions that come available. The fact that HBCUs do not seem to be making a more vigorous effort to do this is troublesome.

Time and time again, African American institutions, be it HBCUs, churches, or businesses operate in their own bubble and are not more purposeful in integrating themselves, which makes the dollar within our communities even more difficult to circulate and therefore antagonistic to our institutional economic development. Alumni must deepen their resolve to be involved in not only fundraising for HBCUs, but auditing where those dollars go once they are received. It would be prudent if alumni demanded accountability of just how much of the annual services and products were bought from businesses owned by HBCU alumni. There is a long way to go in moving the needle on circulating our dollars more effectively, but a $10 meal at an African American restaurant versus hundreds of millions in development deals between HBCUs and our own real estate developers is a stark difference in getting us there.

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