Tag Archives: dillard university

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

Advertisements

HBCU Money’s 2015 Top 10 HBCU Endowments


 

17581463-Illustration-of-a-Piggy-Bank-with-coin-Stock-Illustration-cartoon-pig-money

The keyword for  2015’s HBCU endowments – concerning. Two bellwether HBCU endowments, Spelman College and Hampton University, saw negative declines in their endowment’s market value. Outside of Howard University storming ahead at 11.7 percent, no other HBCU endowment saw double digit gains with North Carolina A&T State University missing the mark by 10 basis points. This is a far cry from 2014’s list when 9 out of 10 reported double digit gains. If there is any solace in the numbers and there is not much, it is that the top ten endowments of our HWCU counterparts had no endowments return double digit gains and also saw 2 out of their 10 with declines in market value.

Although there are some notable absences** from our top ten list, it certainly would not change the reality that still only three HBCUs have endowments above the $200 million mark and none have reached the $1 billion plateau, although Howard University, despite its noted financial issues seems to be headed there unabated and without much competition from Spelman College or Hampton University, the only real challengers. John Wilson, president at Morehouse College, in an interview with Harvard Magazine in 2013 noted, “is the need to build endowments; less than $200 million makes you, by definition, unhealthy.” This still remains the case and as a baseline means that 97 percent of all HBCUs are financially unhealthy. Even more concerning is that there seems to be no real plan in place to address this. A canary in the coal mine though is that donations of $1 million or more to HBCUs jumped from one in 2013 to nine in 2014, but donations of the eight and nine figure variety, also known as transformative donations, are still absent at HBCUs.

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

Endowment in millions $000 (Change in Market Value*)

1. Howard University – $659 639 (11.7%)

2. Spelman College – $362 986 (-1.1%)

3. Hampton University – $263 237 (-8.7%)

4. Meharry Medical College – $139 054 (1.5%)

5. Tennessee State University – $51 416 (1.8%)

6. Texas Southern University – $48 684 (4.5%)

7. Virginia State University – $47 432 (4.9%)

8. North Carolina A&T State University – $48 100 (9.9%)

9. Winston-Salem State University – $37 219 (8.5%)

10. University of the Virgin Islands – $34 274 (-9.0%)

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-works-1

*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 FY2013 to FY2014 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.

** Notable exclusions to the list that HBCU Money believes would otherwise make the top ten are Morehouse College, Tuskegee University, Dillard University, and Florida A&M University. Morehouse College, Tuskegee University, and Dillard University have never reported their endowment to NACUBO in the time HBCU Money has been recording its annual top ten endowments. Florida A&M University who was number five last year did not appear in this year’s list from NACUBO.

Additional Notes:
NACUBO Average Endowment – $648 074 (1.7%)
NACUBO Median Endowment – $115 828 (-0.9%)
Top 10 HWCU Endowments combined – $185.4 billion
Source: National Association of College & University Business Officers

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


GCAC-logo

Dillard University

Average debt of graduates, 2011 – $36 241

Proportion of graduates with debt, 2011 – 96%

Nonfederal debt, % of total debt of graduates, 2011 – 18%

2010-11 Pell Grant recipients – 67%

Edward Waters College

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 – 83%

Fisk University

Average debt of graduates, 2011 – $27 345

Proportion of graduates with debt, 2011 – 77%

Nonfederal debt, % of total debt of graduates, 2011 – 37%

2010-11 Pell Grant recipients – 59%

Philander Smith University

Average debt of graduates, 2011 – $35 000

Proportion of graduates with debt, 2011 – 96%

Nonfederal debt, % of total debt of graduates, 2011 – 0%

2010-11 Pell Grant recipients – 76%

Southern University at New Orleans

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 – 83%

Talladega College

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 – 85%

Tougaloo College

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 – 77%

Xavier University of Louisiana

Average debt of graduates, 2011 – $26 106

Proportion of graduates with debt, 2011 – 83%

Nonfederal debt, % of total debt of graduates, 2011 – 25%

2010-11 Pell Grant recipients – 59%

Source: Project on Student Debt

The HBCU Endowment Feature – Dillard University


School Name: Dillard University

Median Cost of Attendance: $27 436

Undergraduate Population: 1 249

Endowment Needed: $685 351 280

Analysis: Dillard University needs approximately $700 million to allow all of its students to attend the university debt free annually. The university now under new leadership will be looking to aggressively grow its community presence in New Orleans and its student population. According to US News, the university currently has approximately a $55 million endowment which is an extremely healthy endowment for its population size. It is safe to assume the population growth could push Dillard into the $100 million conversation within 10 years. This could be especially true given the number of alumni Dillard sends into the medical field which should benefit them greatly as the baby boomers move into retirement. Although they are a private school there will certainly be political pressures on even private HBCUs in Louisiana which will be something to keep an eye on. Overall, Dillard is an endowment to watch and should remain a strong presence in the top ten HBCU endowments.

As always it should be noted that endowments provide a myriad of subsidies to the university for everything from scholarship, faculty & administration salaries, research, and much more.