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HBCU Money’s 2015 Top 10 HBCU Endowments


 

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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

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Webometrics’ 2015 Top 20 African Diaspora Colleges & Universities


HBCU Money™ presents the 3rd annual top 20 ranked African Diaspora colleges and universities. The rankings are based on the world rankings from Webometrics, an initiative of the Cybermetrics Lab, a research group belonging to the Consejo Superior de Investigaciones Científicas (CSIC), the largest public research body in Spain.

HIGHLIGHTS:

  • 11 of the 20 colleges and universities come from South Africa. An increase from 10 in 2014.
  • There are 4 new schools in the top 20 this year. A decline from 6 schools the previous year.
  • African American colleges & universities (HBCUs) increased their presence back to 4 of the 20 colleges and universities present on the list after having only 2 in 2014. Howard University makes the leap into the top ten moving from 16 to 7 on the list.
  • The top ranked African Diaspora college/university in 2015 is up 18 places from top ranked African Diaspora college/university in 2014.
  • No African Diaspora colleges or universities are present in the top 100 in Webometrics’ world rankings.

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Below are the objective and methodology per the Webometrics website:

Objective: The original aim of the Ranking was to promote Web publication. Supporting Open Access initiatives, electronic access to scientific publications and to other academic material are our primary targets. However web indicators are very useful for ranking purposes too as they are not based on number of visits or page design but on the global performance and visibility of the universities.

Methodology: The Webometrics is the largest academic ranking of Higher Education Institutions. Since 2004 and every six months an independent, objective, free, open scientific exercise is performed by the Cybermetrics Lab (Spanish National Research Council, CSIC) for the providing reliable, multidimensional, updated and useful information about the performance of universities from all over the world based on their web presence and impact.

INSTITUTION – WORLD RANK (2014 RANKING) – COUNTRY

  1. University of Cape Town332 (350) – South Africa
  2. Stellenbosch University475 (439) – South Africa
  3. University of the Witwatersrand524 (580) – South Africa
  4. University of Pretoria541 (444) – South Africa
  5. Cairo University574 (358) – Egypt
  6. University of Kwazulu Natal – 710 (752) – South Africa
  7. Howard University – 868 (1231) – United States
  8. University of the Western Cape – 1011 (789) – South Africa
  9. Mansoura University1070 (911) – Egypt
  10. University of Johannesburg1136 (1204) – South Africa
  11. Makerere University1215 (1134) – Uganda
  12. Rhodes University1218 (968) – South Africa
  13. North West University – 1229 (1430) – South Africa
  14. University of South Africa1254 (1058) – South Africa
  15. Alexandria University – 1268 (1223) – Egypt
  16. Hampton University1565 (N/A) – United States
  17. Florida A&M University1632 (1632) – United States
  18. Assiut University1660 (N/A) – Egypt
  19. University of the Free State1679 (N/A) – South Africa
  20. Jackson State University1679 (N/A) – United States

2013’s Top 20 HBCU Rankings By Total R&D Expenditures


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HBCUs appear to have taken a step back in the research field according to the latest National Science Foundation data. In 2012, research expenditures for the top 20 HBCUs combined for $455.1 million, while 2013 combines for $450.7 million. This represents a one percent drop year over year. The top 20 HWCU research institutions saw an almost twenty three percent increase over the same period.

  • The top ranked HBCU is Florida A&M University at 197 and the twentieth ranked Virginia State University is listed at 327 in America’s college research landscape.
  • MEAC leads the way with six schools versus the SWAC with four.
  • Division II/III schools also comprise four schools on the list.
  • Overall, the 1890 HBCUs are fifty percent of the list highlighting agriculture’s importance role in HBCU research.
  1. Florida A&M University – $51,149,000
  2. Howard University – $42,789,000
  3. Morehouse School of Medicine – $36,638,000
  4. Jackson State University – $36,264,000
  5. North Carolina A&T State University – $33,994,000
  6. Alabama A&M University – $32,937,000
  7. Meharry Medical College – $22,532,000
  8. Tuskegee University – $21,150,000
  9. University of Virgin Islands – $20,041,000
  10. Charles Drew University – $18,547,000
  11. Delaware State University – $17,295,000
  12. Fisk University – $16,423,000
  13. Tennessee State University – $16,177,000
  14. Morgan State University – $15,475,000
  15. Prairie View A&M University – $13,198,000
  16. South Carolina State University – $13,159,000
  17. Hampton University – $12,461,000
  18. Alcorn State University – $11,315,000
  19. Morehouse College – $9,581,000
  20. Virginia State University – $9,535,000

TOP 20 COMBINED TOTAL: $450.7 million ($455.1 million)

Additional Notes

The HWCU-HBCU gap for research among top 20 research institutions is 50:1

Top 20 HWCUs Combined: $22.5 billion ($18.3 billion)

Top 20 Average HWCU – $1.1 billion ($910 million) vs. Top 20 Average HBCU – $22.5 million ($23 million)

Top 20 Median HWCUs – $969.8 million vs. Top 20 Median HBCU – $17.9 million

Source: National Science Foundation

HBCU Money’s 2014 Top 10 HBCU Endowments


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The keyword for  2014’s HBCU endowments – disappointing. In the past twelve months, HBCU’s top ten endowments added $200 million to its coffers. So why is this disappointing? The S&P 500 over the past year had returns of 13.4 percent. The benchmark by which we measure endowment return success. Given many of the tax and capital advantages that college and university endowments have it takes quite a bit of effort to underperform the market. This year only six out of ten HBCU endowments outperformed the market, while HWCU counterparts clocked in at nine out of ten. This has allowed the institutional wealth gap between top 10 HWCU/HBCU endowments to balloon from 103:1 to 106:1 the past twelve months. 

This year was fairly standard with no real changes except one among the top ten, but what a change it was. The University of the Virgin Islands unseats Winston-Salem State University in the ten spot from last year after an unprecedented change in market value of 48.5 percent. A performance that not only led all HBCUs, but was fifth among the 851 American and Canadian endowments reporting. However, there is still real concern about the lack of HBCUs with at least $100 million endowments. Notable absences are Morehouse and Tuskegee who do not report. Even including these two, it would mean only approximately 7 percent of HBCUs are above this mark. This is concerning because even schools with only a $100 million endowment that achieved a market return of 13 percent leaves the school roughly $6.5 million to potentially to work with. Showing that HBCUs are still highly dependent and vulnerable to tuition revenue. A matter we saw continuously pop up after the Parent Plus Loan debacle that sent many HBCUers home. HBCU endowments should have been there to lessen the blow, but again given 93 percent of HBCUs are at $50 million or less it shows the vulnerability most are facing. The MEAC continues its dominance of the top ten HBCU endowments with four institutions present.

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 – $586 104 (14.0%)

2. Spelman College – $367 037 (12.2%)

3. Hampton University – $288 370 (13.5%)

4. Meharry Medical College – $136 975 (9.6%)

5. Florida A&M University – $127 186 (10.3%)

6. Tennessee State University – $50 492 (17.5%)

7. Texas Southern University – $46 577 (10.4%)

8. Virginia State University – $45 145 (18.6%)

9. North Carolina A&T State University – $43 785 (17.3%)

10. University of the Virgin Islands – $38 184 (48.5%)

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

*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.

Additional Notes:
NACUBO Average Endowment – $616 188 (15.0%)
NACUBO Median Endowment – $112 967 (16.3%)
Top 10 HWCU Endowments combined – $180.3 billion
Top 10 HBCU Endowments combined – $1.7 billion
Source: National Association of College & University Business Officers

Webometrics’ 2014 Top 20 African Diaspora Colleges & Universities


HBCU Money™ presents the top 20 ranked African Diaspora colleges and universities. The rankings are based on the world rankings from Webometrics, an initiative of the Cybermetrics Lab, a research group belonging to the Consejo Superior de Investigaciones Científicas (CSIC), the largest public research body in Spain.

HIGHLIGHTS:

  • 10 of the 20 colleges and universities come from South Africa. An increase from 9 in 2013.
  • There are 6 new schools in the top 20 this year
  • African American colleges & universities (HBCUs) placed only 2 of the 20 colleges and universities present on the list after having 4 in 2013. Both universities that placed, Howard & Florida A&M, saw drops in their rankings.
  • The top ranked African Diaspora college/university in 2014 is up 31 places from top ranked African Diaspora college/university in 2013.
  • No African Diaspora colleges or universities are present in the top 100 in Webometrics’ world rankings.

image description

Below are the objective and methodology per the Webometrics website:

Objective: The original aim of the Ranking was to promote Web publication. Supporting Open Access initiatives, electronic access to scientific publications and to other academic material are our primary targets. However web indicators are very useful for ranking purposes too as they are not based on number of visits or page design but on the global performance and visibility of the universities.

Methodology: The Webometrics is the largest academic ranking of Higher Education Institutions. Since 2004 and every six months an independent, objective, free, open scientific exercise is performed by the Cybermetrics Lab (Spanish National Research Council, CSIC) for the providing reliable, multidimensional, updated and useful information about the performance of universities from all over the world based on their web presence and impact.

INSTITUTION – WORLD RANK (2013 RANKING) – COUNTRY

  1. University of Cape Town350 (391) – South Africa
  2. Cairo University358 (1206) – Egypt
  3. Stellenbosch University439 (462) – South Africa
  4. University of Pretoria444 (746) – South Africa
  5. University of the Witwatersrand580 (719) – South Africa
  6. University of Kwazulu Natal – 752 (N/A) – South Africa
  7. University of the West Indies – 774 (N/A) – Jamaica
  8. University of the Western Cape – 789 (834) – South Africa
  9. University of Nairobi907 (1624) – Kenya
  10. Mansoura University911 (1699) – Egypt
  11. Rhodes University968 (1191) – South Africa
  12. University of South Africa1058 (1545) – South Africa
  13. Makerere University1134 (696) – Uganda
  14. University of Johannesburg1204 (1749) – South Africa
  15. Alexandria University – 1223 (N/A) – Egypt
  16. Howard University – 1231 (753) – United States
  17. North West University – 1430 (N/A) – South Africa
  18. Benha University – 1493 (N/A) – Egypt
  19. Addis Ababa University – 1599 (N/A) – Ethiopia
  20. Florida A&M University1632 (1557) – United States

Source: Webometrics