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

Posted on August 4, 2015 by | 3 comments

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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

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HBCU Money’s 2014 Top 10 HBCU Endowments

Posted on February 2, 2015 by | 4 comments

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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.

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*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

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Webometrics’ 2014 Top 20 African Diaspora Colleges & Universities

Posted on August 27, 2014 by | Leave a comment

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.

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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 (2013 RANKING) – COUNTRY

  1. University of Cape Town – 350 (391) – South Africa
  2. Cairo University – 358 (1206) – Egypt
  3. Stellenbosch University – 439 (462) – South Africa
  4. University of Pretoria – 444 (746) – South Africa
  5. University of the Witwatersrand – 580 (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 Nairobi – 907 (1624) – Kenya
  10. Mansoura University – 911 (1699) – Egypt
  11. Rhodes University – 968 (1191) – South Africa
  12. University of South Africa – 1058 (1545) – South Africa
  13. Makerere University – 1134 (696) – Uganda
  14. University of Johannesburg – 1204 (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 University – 1632 (1557) – United States

Source: Webometrics

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Webometrics’ 2013 Top 20 African Diaspora Colleges & Universities

Posted on August 27, 2013 by | 1 comment

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:

  • 9 of the 20 colleges and universities come from South Africa.
  • African American colleges & universities come in second with 4 of the 20 colleges and universities present on the list.
  • 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.

COLLEGE/UNIVERSITY – WORLD RANK – COUNTRY

  1. University of Kwazulu Natal – 381 – South Africa
  2. University of Cape Town – 391 – South Africa
  3. Stellenbosch University – 462 – South Africa
  4. Makerere University – 696 – Uganda
  5. University of the Witwatersrand – 719 – South Africa
  6. University of Pretoria – 746 – South Africa
  7. Howard University – 753 – United States
  8. University of the Western Cape – 834 – South Africa
  9. Obafemi Awolowo University – 1113 – Nigeria
  10. Rhodes University – 1191 – South Africa
  11. Cairo University – 1206 – Egypt
  12. University of Dar Es Salaam – 1419 – Tanzania
  13. Norfolk State University – 1531 – United States
  14. University of South Africa – 1545 – South Africa
  15. Florida A&M University – 1557 – United States
  16. American University in Cairo – 1574 – Egypt
  17. Hampton University – 1581 – United States
  18. University of Nairobi – 1624 – Kenya
  19. Mansoura University – 1699 – Egypt
  20. University of Johannesburg – 1749 – South Africa

Source: Webometrics

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The HBCU Endowment Feature – Florida A&M University

Posted on April 1, 2013 by | Leave a comment

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School Name: Florida A&M University

Median Cost of Attendance: $25 888

Undergraduate Population: 11 180

Endowment Needed: $5 788 556 800

Analysis: Florida A&M University needs approximately a $5.8 billion endowment for all of its undergraduates to attend debt free annually. Its current endowment is approximately 1.7 percent of its endowment needed. One of the most intriguing HBCUs given its size. It is one of the larger HBCU undergraduates in terms of sheer number and does an excellent job of creating loyalty from its graduates which arguably means its endowment should be larger. There are some that would argue given Florida A&M University’s size, rivaling Howard University in population, that the school’s endowment should be at least twice its current size. With the number of undergraduates it puts out each year in the coming decade it could become a major competitor for the race to $1 billion among HBCU endowments assuming the college’s demographics continue on a steadily increasing trajectory. It also has one of the 5 HBCU law schools which allows for potential high quality donors. Unfortunately, Florida A&M could become its own worse enemy. Lawsuits and continuing issues with hazing could cost the school millions and become a major setback. It also could do serious damage to an otherwise stellar brand. There is also a void in leadership currently as the school seeks to fill its presidency. This will certainly have a capacious impact on the direction and vision of Florida A&M University in the coming decade. Florida A&M University’s competition with the “other” Tallahassee college could influence the school’s ability to grow its graduate school and produce higher quality donors so it is important to watch the strategy developed when the new leadership is installed. It can not be understated that it is the most high reward/high risk endowment currently in the HBCU landscape given that it has so much going for it but facing sobering headwinds. The Rattler nation’s resolve should not be underestimated but let us just hope they do not continue to make things harder for themselves. If Florida A&M University can focus the ship greater pastures await and if it can not it has the danger of becoming the Titanic.

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.

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