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HBCUs Can Fill the Void: How America’s Retreat from Polar Research Creates an Unprecedented Opportunity for Black Academic Leadership

“When I’m asked about the relevance to Black people of what I do, I take that as an affront. It presupposes that Black people have never been involved in exploring the heavens, but this is not so. Ancient African empires – Mali, Songhai, Egypt – had scientists, astronomers. The fact is that space and its resources belong to us, not to any one group.” – Mae Jemison

The United States government’s recent decision to withdraw its only research vessel from Antarctica represents more than a logistical setback for American science it signals a historic opportunity for Historically Black Colleges and Universities to claim leadership in one of the world’s most critical research frontiers.

When scientists like Alison Murray learned their Antarctic diving research would be indefinitely postponed due to the vessel withdrawal, it exposed a troubling reality: America is ceding scientific leadership in polar regions at precisely the moment when climate research has become existentially urgent. Yet within this crisis lies an opening that forward-thinking HBCU leaders and initiatives like the proposed HBCU Exploration Institute (HEI) should seize immediately.

The withdrawal of U.S. research capabilities from Antarctica isn’t happening in isolation. It reflects broader federal retreat from exploratory science across multiple domains from deep-sea mapping to atmospheric research to space exploration. As scientists told The Washington Post, building a replacement vessel could take years, leaving a generation of young researchers without access to critical field sites and diminishing American influence on a continent where geopolitical and scientific stakes are rising rapidly.

Currently, only a handful of nations operate dedicated Antarctic vessels capable of navigating the continent’s treacherous ice-choked waters. As America pulls back, countries including China, Russia, and even smaller nations are expanding their polar research fleets and infrastructure. This isn’t merely about scientific prestige it’s about who shapes climate policy, who controls access to research sites, who sets international standards for environmental stewardship, and ultimately, who benefits from discoveries made in these frontier regions.

For HBCUs, this federal abandonment creates a three-fold opportunity: to fill genuine research gaps with immediate societal value, to establish institutional leadership in high-stakes scientific domains, and to fundamentally reframe the narrative about who leads exploration and discovery in the 21st century.

The HBCU Exploration Institute concept outlined in its founding business plan isn’t simply about participating in exploration it’s about transforming who controls the means of discovery. The proposed organization would operate research vessels, aircraft, field stations, and space payloads governed and staffed by HBCU talent, creating a parallel infrastructure to traditional federal research systems. This model offers several strategic advantages in the current moment. First, HBCUs can move with greater institutional agility than large federal bureaucracies. While government agencies debate budget allocations and political appointees shift priorities with each administration, a Pan-African, HBCU-led exploration organization could secure diverse funding streams—from philanthropic foundations to international partnerships to corporate sponsors—that insulate research from political winds.

HBCUs bring essential perspectives to exploration science that mainstream institutions have historically marginalized. The concept of “exploration power” examining whose data is gathered, who gathers it, and who benefits is central to HEI’s mission. This isn’t abstract ethics; it’s practical strategy. Research conducted in partnership with African and Caribbean institutions, for example, can build diplomatic relationships and shared intellectual property frameworks that strengthen both African American and African Diaspora scientific capacity. The HBCU network represents untapped human capital. Talented Black students and faculty have faced persistent barriers to entry in traditional exploration fields, from oceanography to aerospace. An HBCU-led initiative could create direct pipelines from undergraduate research to polar expeditions to faculty positions, bypassing gatekeeping mechanisms that have kept exploration science predominantly white and economically privileged.

Perhaps most significantly, launching an HBCU exploration initiative at this moment positions these institutions as leaders not just in American higher education, but within the global African diaspora’s intellectual ecosystem. African and Caribbean nations are rapidly expanding their own scientific capabilities. The African Union Space Agency, launched in recent years, coordinates satellite programs and space research across the continent. Caribbean nations are investing in climate resilience research essential to their survival. Yet many of these institutions lack the infrastructure, funding, and international partnerships that even modestly-resourced American HBCUs can access.

An HBCU Exploration Institute operating polar icebreakers, conducting deep-sea research, and launching satellite payloads wouldn’t just advance American science it would establish HBCUs as anchor institutions for Pan-African scientific collaboration. Imagine Howard University leading joint oceanographic research with the University of Ghana, or Spelman College coordinating atmospheric monitoring stations across the Caribbean. The reputational gains would be transformative. This matters for recruitment, fundraising, and influence. Prospective students choosing between HBCUs v. PWIs would see real HBCU ships, real HBCU expeditions, and real HBCU career pathways into exploration science. Donors and foundations seeking to support climate research and diversity initiatives simultaneously would find a natural home. And HBCU presidents would have new platforms for thought leadership on issues from climate power to space policy to scientific diplomacy.

Here’s an uncomfortable truth: this initiative will only succeed if HBCU alumni associations mobilize with the same intensity, pride, and financial commitment they bring to homecoming football games and basketball tournaments. Every fall, HBCU alumni pour millions into athletics for season tickets, tailgate sponsorships, facility upgrades, coaching staff salaries. Alumni associations organize elaborate events, coordinate donor campaigns, and celebrate athletic achievements with genuine institutional pride. The Battle of the Real HU generates more alumni engagement and media attention than most academic programs receive in a decade. That energy, that organizational capacity, that willingness to invest must now be redirected toward exploration science with the same fervor.

Imagine if Howard University’s alumni association launched a “Name a Research Station” campaign with the same production value as a homecoming concert. Picture Spelman graduates organizing Antarctic expedition watch parties with the same enthusiasm as NCAA tournament viewing events. Envision FAMU’s National Alumni Association creating an “Explorers Circle” giving society that receives the same social prestige as premium athletic booster clubs. This isn’t criticism of HBCU athletics culture it’s a call to expand that culture to encompass scientific exploration. The infrastructure already exists. Alumni associations know how to run capital campaigns, coordinate reunion giving, leverage social networks, and create moments of collective pride. These skills transfer directly to funding research vessels and field stations.

The proposed HBCU Exploration Institute requires $102 million over three years. That sounds daunting until you consider that HBCU athletic programs collectively generate hundreds of millions annually, most of it from student fees. A coordinated campaign across major HBCU alumni networks—Howard, Spelman, Morehouse, Hampton, Tuskegee, FAMU, North Carolina A&T, Southern, Jackson State, Prairie View A&M—could realistically raise $25-30 million in year one if alumni leadership treats this with athletic-level urgency. Some institutions have already demonstrated this model. When North Carolina A&T needed to upgrade its engineering facilities, alumni responded with major gifts because they understood engineering excellence as core to institutional identity. Spelman’s alumni have funded science facilities and research programs. But these efforts have remained institution-specific and episodic. What’s needed now is collective, sustained mobilization.

Alumni associations must take several concrete actions immediately. First, every major HBCU alumni organization should establish an Exploration Science Committee with the same organizational status as athletic support committees. These groups would coordinate giving campaigns, identify potential major donors from alumni ranks, and create visibility for exploration research. Second, alumni homecoming and reunion events must begin celebrating scientific exploration with the same pageantry as athletics. Feature returning researchers presenting expedition findings. Honor alumni working in climate science, oceanography, and aerospace with the same recognition as athletic hall of fame inductees. Create traditions around scientific achievement that become part of institutional identity.

Third, alumni networks must leverage their professional positions to open doors. HBCU graduates work throughout corporate America, foundation leadership, and government agencies. An organized alumni effort could secure corporate sponsorships, foundation meetings, and federal partnership discussions that individual institutions struggle to access. When Hampton alumni at NASA advocate for HBCU partnerships, or Spelman graduates at the Mellon Foundation champion exploration science grants, institutional barriers dissolve. Fourth, alumni giving must be restructured to prioritize exploration infrastructure. Many alumni give to scholarship funds or general operating budgets, which is valuable but doesn’t build transformative capacity. Alumni associations should create specific endowments for vessel operations, expedition funding, and fellowship programs—tangible assets that generate sustained visibility and research output.

The cultural shift required is significant but not unprecedented. HBCU alumni already understand institutional pride, collective identity, and the power of coordinated action. They’ve built that culture around athletics because athletics has been positioned as central to HBCU identity and excellence. Exploration science must now be positioned the same way. This means changing the narrative from “HBCUs need better STEM programs” to “HBCUs will lead humanity’s next era of discovery.” It means alumni bragging about their school’s Antarctic expedition with the same pride they show for conference championships. It means young alumni seeing paths to exploration careers at their alma maters, not just at mainstream institutions.

The financial model becomes achievable when viewed through this lens. If each of the top 20 HBCU alumni associations committed to raising just $5 million over three years for exploration science—less than many spend on athletic facility upgrades—the startup capital is secured. Add foundation grants and federal partnerships, and the budget is covered. But more than money, alumni provide legitimacy, momentum, and accountability. When alumni demand progress on exploration science initiatives with the same intensity they demand winning seasons, institutional leadership responds. When alumni celebrate research expeditions with the same enthusiasm as rivalry games, prospective students take notice. When alumni networks coordinate giving and advocacy, transformation becomes possible.

The HEI business plan proposes a $102 million startup budget over three years to acquire vessels, establish field stations, fund expeditions, and build fellowship programs. That’s substantial, but it’s also achievable given current philanthropic interest in both climate research and HBCU development. The Bezos Earth Fund has committed billions to climate research. The Mellon Foundation has prioritized HBCU infrastructure investment. NASA and NOAA, despite federal constraints, actively seek diverse institutional partnerships. A well-organized HBCU consortium could secure multi-year commitments from these sources, particularly by framing the initiative as addressing federal research gaps.

The immediate focus should be marine research, where the vessel shortage is acute. Acquiring or leasing even one ocean-capable research ship—potentially a refitted commercial vessel—would allow HBCUs to begin Antarctic and Arctic research within two years rather than waiting for federal capacity to rebuild. Partnering with international research programs could offset operational costs while building the diplomatic relationships that strengthen HBCU global standing. Field stations in strategic locations like the Gulf Coast, Alaska, Ghana, the U.S. Virgin Islands would serve multiple functions: research platforms, student training sites, and hubs for international collaboration. These don’t require massive funding; even modest facilities become transformative when they provide HBCU students access to environments and equipment unavailable on their home campuses.

The fellowship and expedition programs are equally critical. Summer research academies focusing on polar, marine, and aerospace exploration would create immediate visibility and impact. Graduate fellowships with guaranteed expedition participation would attract top-tier students who might otherwise choose mainstream programs. Faculty sabbaticals at international field sites would bring research capacity and publications that elevate institutional rankings.

Predictable objections will emerge: HBCUs lack the expertise, the infrastructure, the established research networks. But these arguments mistake historical exclusion for inherent incapacity. HBCUs have produced astronauts, oceanographers, and polar scientists they’ve simply done so while their parent institutions received minimal support for exploration science infrastructure. Moreover, the proposed model explicitly builds on existing strengths. Many HBCUs have robust Earth science, environmental science, and physics programs that lack only field research opportunities. The institute wouldn’t create scientific capacity from nothing; it would provide the ships, stations, and funding to activate capacity that already exists but remains underutilized. The real risk isn’t that HBCUs might fail at exploration science it’s that by not trying, they’ll watch other institutions and nations claim leadership in domains that will define 21st-century research prestige and funding.

Federal withdrawal from Antarctic research won’t reverse quickly. Budget constraints, political dysfunction, and competing priorities mean the vessel gap could persist for a decade or more. That timeline perfectly matches the HEI five-year development plan, which envisions operational vessels and field stations by year three and landmark research publications by year four. HBCUs face a choice. They can wait for federal capacity to rebuild, competing for scarce berths on research vessels if and when they return to service. Or they can recognize this moment as the opportunity it is: a chance to build independent exploration infrastructure, establish diaspora research leadership, and fundamentally shift the narrative about who belongs in humanity’s most ambitious scientific endeavors.

But this choice isn’t just for presidents and administrators it’s for the millions of HBCU alumni whose collective power remains largely untapped for scientific advancement. The same alumni networks that fill stadiums, fund athletic scholarships, and travel across the country for homecoming games must now channel that organizational capacity toward building research fleets and exploration programs. The motto proposed for the HBCU Exploration Institute is “To Discover, To Lead, To Belong.” That sequence matters. Discovery creates the intellectual foundation. Leadership transforms institutions and influences policy. But belonging establishing permanent presence in exploration science requires infrastructure, commitment, and the willingness to act when opportunities emerge.

America’s retreat from Antarctica isn’t just a setback for researchers like Alison Murray. It’s an invitation for institutions that have been systematically excluded from exploration science to step forward and claim the leadership role they’ve always been capable of holding. The question is whether HBCU leaders and, crucially, whether HBCU alumni will recognize this moment and seize it before it passes. The energy, pride, and resources are already there mobilized. Now they must be redirected toward putting HBCU names on research vessels sailing to Antarctica, field stations conducting climate research, and satellite payloads orbiting Earth. That’s a legacy worth more than any championship trophy.

HBCU B-Schools’ Leadership Still Embarrassingly Lacking In HBCU Alumni

The most difficult thing in life is to know yourself. — Thales

By any reasonable historical standard, Warren Buffett’s rejection by Benjamin Graham is more than a quaint anecdote; it is a powerful parable about institutional loyalty and long-term economic strategy. Graham, the father of value investing, turned away the future Oracle of Omaha not because Buffett was unqualified—far from it—but because he had a principle. Graham hired exclusively European American Jews at a time when Wall Street’s doors were locked tight against them. It was his quiet resistance to systemic exclusion and a way to build a parallel institution that could compete and thrive. Graham wasn’t interested in assimilation; he was focused on insulation, independence, and empowerment. The same cannot be said about the leadership structure of Historically Black Colleges and Universities (HBCUs), particularly their business schools.

A decade has passed since a comprehensive review was last undertaken on the leadership of HBCU business schools. One would hope that the intervening years would have ushered in a renaissance of internal cultivation—an era where HBCU alumni, steeped in the culture, history, and mission of these institutions, took the reins of their business schools. That hope remains, for the most part, unrealized. Instead, many HBCU B-schools continue to be led by individuals who are not products of these institutions, and in many cases, are fundamentally disconnected from the unique economic and cultural needs of the African American community.

The appointment of deans and senior faculty from predominantly white institutions (PWIs) is often lauded as a move toward “excellence” or “best practices.” The coded language of meritocracy is a familiar refrain—best person for the job, regardless of background. But this belief, as commonly practiced within HBCUs, is a convenient myth. It sidesteps the structural disadvantages HBCU graduates face in academia and business, and reinforces a dependency on external validation and leadership.

The consequence? A business education ecosystem within HBCUs that remains divorced from the very communities these schools are intended to serve. There is no pipeline, no incubator of internal talent, no clear strategy to empower HBCU alumni to lead, govern, and shape the next generation of Black business leadership.

Institutional Amnesia

In failing to privilege their own alumni in leadership selection, HBCU B-schools suffer from what might be called institutional amnesia. There is little effort to study and replicate the success of institutions that have prioritized internal development. Jewish, Catholic, and even Mormon institutions have all built robust networks by leveraging internal cultural capital and aligning institutional leadership with community objectives. HBCUs, by contrast, often appear to suffer from an inferiority complex that manifests in a relentless pursuit of PWI credentials as a proxy for excellence.

Even when HBCU alumni are in the pipeline, they are frequently passed over in favor of candidates whose resumes boast affiliations with Ivy League or flagship public institutions. The irony is rich and troubling: HBCUs, which claim to be dedicated to the uplift of African Americans, routinely reject their own in favor of the very systems that have historically excluded them.

The Data Tells the Story

Of the 85 accredited HBCU business schools and departments (based on the latest available data), fewer than 20% are led by HBCU alumni. Of that number, fewer than half have received their undergraduate and graduate education at an HBCU, further diluting the institutional knowledge that could be reinvested back into the system.

By contrast, 75% of business school deans and department chairs at Ivy League universities hold at least one degree from an Ivy League institution. This underscores the importance these institutions place on continuity, network loyalty, and internal cultural capital.

Lack of a Succession Strategy

The dearth of HBCU alumni in leadership roles is not merely a matter of optics—it is a strategic failure. The absence of a deliberate succession plan, where institutions identify, mentor, and elevate their own talent, weakens the intellectual and operational spine of HBCU B-schools. When young Black scholars and students do not see themselves reflected in positions of power within their own institutions, the implicit message is that their ascent must take place elsewhere.

Anecdotes abound of promising scholars who, having been educated and initially employed at HBCUs, eventually decamp to PWIs for better pay, prestige, or professional development. When those same scholars become leaders elsewhere, their institutional loyalty rarely circles back. The brain drain becomes self-perpetuating.

Cultural Incongruence and Strategic Drift

Leadership from outside HBCUs is not inherently problematic. However, leadership that does not understand or prioritize the mission-specific challenges and opportunities of HBCUs can lead to strategic drift. The market-driven nature of business education already pushes HBCUs to chase prestige metrics that are often defined by PWI standards—AACSB accreditation, international rankings, publication quotas. Yet these metrics seldom align with the needs of the African American community.

Who is building a curriculum around cooperative economics? Who is training students to start, fund, and grow businesses in historically Black neighborhoods? Who is leading research on Black entrepreneurship, Black banking, and financial exclusion? These priorities require not just academic competence but cultural commitment—something often missing in leadership that has not been formed within HBCUs.

The Cost of Outsourcing Leadership

The preference for external hires is also an expensive habit. Recruitment searches for deans can cost upwards of $250,000 when executive search firms are engaged. The revolving door of short-term leadership appointments, another consequence of weak institutional loyalty, creates instability in fundraising, student recruitment, and faculty morale.

Moreover, the indirect costs are enormous. When leadership lacks vision rooted in the mission of HBCUs, partnerships are misaligned, fundraising strategies are tone-deaf, and entrepreneurial ecosystems are underdeveloped. Business schools are economic engines, and the failure to connect them authentically to the community they serve is a missed opportunity of staggering proportions.

What Would Graham Do?

The story of Benjamin Graham and Warren Buffett is not merely about individual relationships; it is a case study in institutional integrity. Graham’s commitment to his community was not performative. It was strategic, values-driven, and unapologetically intentional. He understood that talent alone was insufficient. It had to be nurtured, protected, and positioned within the community’s own institutions.

African American leaders in education, particularly those responsible for HBCUs, must ask themselves: what kind of ecosystem are we building? Do we merely seek validation from the same institutions that denied us access for generations? Or are we committed to the difficult, often thankless work of institution-building?

The answer may well determine the fate of HBCUs in the 21st century.

A Call to Action

First, HBCU business schools must create formal succession pipelines for leadership from within their own alumni networks. This includes mentoring programs, leadership fellowships, and internal promotion tracks that incentivize long-term engagement.

Second, boards of trustees and presidential leadership must reexamine hiring criteria. Cultural alignment and mission understanding must be weighted as heavily as academic credentials.

Third, HBCUs should begin benchmarking themselves not against Harvard or Wharton but against institutions that have successfully used internal leadership to drive community outcomes. The benchmarks for success must be redefined to reflect mission, not mimicry.

Finally, alumni must hold their institutions accountable. Donations should come with expectations for institutional integrity. If alumni are good enough to fund these schools, they are certainly good enough to lead them.

HBCU B-schools sit at the intersection of education, economics, and cultural preservation. Their leadership must reflect that complexity. The time for apologetic hiring practices and external validation is over. It is time for HBCUs to know themselves—and to trust themselves enough to lead from within.

Starting a Philanthropy Club: A Collective Approach to African American Giving

“I have found that among its other benefits, giving liberates the soul of the giver.” – Dr. Maya Angelou. 

If you’ve been considering joining or starting an philanthropy club with your family, friends, or fellow HBCU alumni but are unsure if it’s the right move, you’ve come to the right place. The answer is it is absolutely the right move.

A few facts regarding African American organizations and nonprofits:

Philanthropy clubs can be a powerful tool for leveraging African American philanthropy from like-minded individuals. They not only enhance your financial literacy and knowledge about African American and African Diaspora organizations but also empower you to make informed philanthropic decisions. By pooling your resources with your family, you can collectively grow your impact African American nonprofits finances and outreach, fostering a sense of confidence and control over institutional development and empowerment.

Keep reading as we discuss why you might want to start an investment club and the steps you’ll need to take.

Why You’ll Want to Start a Philanthropy Club?

One of the biggest reasons to start an philanthropy club is that they want to learn and share ideas with people who share their values. It makes sense to start a philanthropy club with family, friends, or HBCU alumni because, most of the time, your values are well-aligned. Yes, you may have different opinions, but your values are generally on the same page.

Philanthropy clubs can be a great way to learn about African American causes, organizations, and nonprofits. Because some members may be more seasoned donors, givers, or active in the nonprofit space, they can share their knowledge on certain topics.

Philanthropy clubs are a great way to magnify small donations by each member into a large donation by a focused collective. the increase the impact associated with investing. However, with the rise in so many commission-free brokers, the fees for making a high volume of trades aren’t as big of a deal.

How to Start an Investment Club

If you’re ready to get your philanthropy club with family, friends, or HBCU alumni off the ground, you’ll want to follow these steps to ensure success:

1. Find and Organize Members

Finding members for a philanthropy club is generally one of the most challenging steps. However, it’s a little easier if you’re looking to start one with your family, friends, or HBCU alumni. Either way, ensuring the fit is correct before jumping in is crucial.

A solid philanthropy club should have at least 5 people but no more than 15 or 20. You must have enough ideas, but too many can make things more difficult. Each person will be required to identify a cause, organization, or nonprofit. Then, each month, a different member will present their cause, organization, or nonprofit to the group.

Before extending an invitation to different anyone, ask yourself a few questions. These will help you see if it will be a good fit.

  • Do you trust the person you’re thinking of inviting to be consistent and involved?
  • Will they bring research and ideas to the meetings?
  • Are they organized?
  • Are they going to pay the monthly donation on time?

2. Determine Your Goals

Once you have your members set, you must agree on your goals. Most clubs’ goals will be making donations and learning from others. But how are you going to get to that point?

It’s important to take some time to understand each member’s philanthropic approach. Are they willing to take on more risk or prefer to be more conservative? Do you want to stick with only well known organizations, or are members interested in startup organizations as well? Do they only want to give to domestic organizations? Or are they willing to give to African Diaspora nonprofits working in Haiti, Jamaica, UK, or Africa?

Developing a plan of attack and ensuring that each member is on the same page will be vital to success.

3. Decide How You Want To Give

Deciding on if you want to setup a legal structure for your philanthropy club is important because potentially over time, your club can setup an endowment that invest donors money and that can grow into a significant and sustainable amount of money. Having the necessary legal protections is going to be important. If your philanthropy club decides to actually invest its donations into investments that will grow over time so that the club has larger and more sustainable sums to give is important to think about.

The other option is to simply give everyone the option to donate on their own once the cause, organization, or nonprofit is decided upon. This route relies on the honor system or some type of peer accountability towards giving.

Each philanthropy club must do what works best for them and also realize that the club is allowed to evolve over time.

The Bottom Line

Philanthropy clubs are a great way to pool your donor funds and learn from other members. Just be sure that you join a group where everyone is willing to listen to ideas and pull their own weight within the club.

HBCU LOVE: Top Ten HBCU States With Highest African American Marriage Rate

Why is HBCU Money talking about marriage? We thought this was a site about money. Well, there are many economists and community developers that agree that one of the most fundamental ingredients to wealth building is marriage. It allows for scaling of capital towards savings and investment, reduction of expenses, and an ability to provide familial stability. Unfortunately, like our median income and wealth, there is no group less likely to actually get married than African Americans. The hurdles to African American marriage are deep and complicated and the solutions to them potentially even more deep and complicated. All that said, anything that leads to higher marriage rates between African Americans can only add to the community’s ability to actually stabilize and empower itself socially, economically, and politically. We of course acknowledge that marriages come in all forms, but the most important form is a healthy, happy, and loving marriage.

National African American Marriage Rate – 29.7%

  1. Virginia – 34.0%
  2. Maryland – 33.2%
  3. Delaware & Texas – 32.8%
  4. Florida & North Carolina – 31.3%
  5. Georgia – 30.9%
  6. Oklahoma – 30.0%
  7. Arkansas – 29.8%
  8. California – 29.7%
  9. Alabama & South Carolina – 29.4%
  10. Mississippi – 28.9%

The question then becomes how can HBCUs, their alumni, and other support organizations encourage more marriage among African Americans at HBCUs? This becomes vital for HBCU’s future because it could be suggested that a couple who both went to HBCUs would be more likely to send their child to an HBCU. Whereas a couple with only one HBCU parent present or no HBCU parents present is far less likely. To encourage coupling as part of an HBCU’s development strategy would by no means be simple given the ratio of women to men on HBCU campuses these days. Simply put, there are not enough men for women to choose from in the heterosexual relationships. And unless more data is collected on LGBTQ HBCU students, there may not be a viable quantity there for them either. This is why it would be important if this was to be considered that a network of HBCU development offices strategize together and increase the probability of matchmaking.

Tracking the statistics on HBCU marriage and family would also be immensely valuable information. An opportunity that certainly presents itself for further research by Hampton University’s National Center on African American Marriage and Parenting. Very little data is actually known on HBCU marriages and families.

Ultimately, HBCUs and their alumni though who can encourage more marriage among HBCU students/graduates must do so through ensuring those relationships are healthy. This means that there must be more mental and physical health development, financial literacy, and relationship etiquette taught. With seven of the ten HBCU states exceeding the national average for African American marriage the ingredients are certainly there for this seed to grow, but it indeed must be watered if we truly plan to see more marriage and healthier marriage which we know can also be one of the key tenets to community formation and building.

Source: U.S. Census

12 Things Your HBCU Alumni Association/Chapter Needs To Do To Be Financially Successful

“Planning is bringing the future into the present so that you can do something about it now.” – Alan Lakein

Far too many HBCU Alumni Associations and Chapters have been asleep at the wheel for far too long financially. They have conducted themselves like a child who says they want to start a lemonade stand, but refuses to take the time to make a plan of acquiring lemons, sugar, water, and certainly not building a lemonade stand. There is more time spent playing with their friends and then seemingly complaining that their friends do not support their lemonade stand – that does not exist. It is enough to drive one mad. We have laid out twelve steps that HBCU alumni associations and chapters need to do to make themselves financially integral and sustainable for the future to meet the financial needs of both African America and the HBCUs they serve.

  1. Move banking accounts to African American owned banks and/or credit unions. It is utterly baffling that HBCUs and HBCU Alumni Associations/Chapters at this point still have not done this very elementary point of economic development given the acute presence of the #BankBlack movement over the past few years. Public HBCUs have more red tape by being state institutions and there are significant political dynamics at play there, but private HBCUs and HBCU alumni associations/chapters at private or public HBCUs at this point simply have no excuse.
  2. Invest in technology, especially financial technology. If HBCU Alumni Associations/Chapters want younger alumni involvement as they claim then they have to come into the 21st century – do you realize we are two decades into the 21st century and some HBCU foundations, alumni associations/chapters do not have a functioning web presence. This is where typically you would insert a mind blown emoji or gif. It is unfathomable and inexcusable at this point. HBCU Alumni Associations/Chapters need a web and social media presence independent of the mother institution for a myriad of reasons that should be readily apparent without great explanation. Alumni associations/chapters can work out an agreement with their schools to create work study that involves social media work and web development for those students who are interested and have the necessary skillset. Otherwise, spend the money and pay for a real web designer and social media manager – it is worth it. Financial technology – accepting payment by Venmo, CashApp, etc. should not be groundbreaking it should be standard. There are a plethora of financial technology available for nonprofit organizations. This should be the job of the treasurer at both the national and chapter levels to find technology that can improve the financial efficiency.
  3. Collect information on your members. Know your association/chapters strengths and weaknesses. If you plan on doing education outreach with your alumni association/chapter, it may help knowing who in the organization that has a background and connections in education. Need to put on an event? It may help to know the alumnus who worked in event planning or knows someone who does. Other information should be household income, level of education, home ownership, etc. The more information the better (we will explain the value of this in another point). But not knowing what assets you have is a dearth of proper planning and strategy.
  4. Write a business plan. If you do not know where you are going, any road will get you there. This opaque behavior is stressfully true with HBCU Alumni Associations/Chapters. We have an alumni association/chapter, now what? Having a written plan of what you want to accomplish, why, and how is paramount to any organization. HBCU Alumni Associations/Chapters are no different. The business plan should be reviewed and updated every 3-4 years to ensure that goals are on track . A review committee made up of internal and external members would be advised.
  5. Create a revenue and investment committee. These can be one committee or two committees, but it needs to exist. Beyond dues, how does the association/chapter plan to make money? Thinking of ways that revenue can be generated and those ideas presented to the association and chapter would be vital. Seriously, because have we not killed the annual golf tournament? Someone on this committee needs to have an investment background and if there is no one in the chapter with it, then invite a local financial adviser to sit on the committee in a volunteer role to help.
  6. Raise dues. There was just a collective gasp from everyone just now. However, creativity. Right now, most associations/chapters charge annual dues of $25-35 annually. Going to a monthly model of $5-10 can skyrocket annual dues revenue to $60-120 which is an increase of over 100 percent in dues revenue and it is an amount that few will miss. Implementing financial technology can allow this to be automated around alumni pay periods.
  7. Produce a newsletter and sale local advertising. Remember the roster of your membership and the data we talked about collecting. This is extremely valuable in putting together a media kit that you can use to sell local advertising in. Most alumni associations/chapters send out newsletters anyway. The ability to monetize that in the most optimal way requires being able to tell potential advertisers who they are reaching. Imagine being able to simply sell ten advertisements a year with twelve month commitments that each pay $50 per month. This is $6,000 in new annual revenue for the chapter from local businesses and relationship building.
  8. Hire a financial adviser. It can be the aforementioned one or a different one, but this also needs to be done. Associations/Chapters should be generating far more income than they do with the collective financial ability at their disposal. As an entity, your association/chapter can have a brokerage account that invest in stocks and bonds – not just sitting in a checking and savings account losing purchasing power. Ensure that the financial adviser is credible. There are even African American brokerage firms that can provide accounts and advising all under one roof. Again, we are not going to fundraise our way to institutional wealth. Our organizations’ money needs to be making money while it “sleeps” because money never sleeps.
  9. Purchase real estate. Now that you have a financial adviser, your chapter should also retain a real estate adviser to help build a rental property portfolio. Remember, we just created $6,000 in new annual revenue via the newsletter. You also raised dues from $25 to $60 and with the $35 surplus on a chapter of just twenty alumni that provides and extra $700 annually. In line with your investment income from your brokerage is also rental income. The association/chapter can focus on purchasing everything from single-family to commercial properties. If chapters purchased near their HBCU, it could help stem off any potential gentrification as many HBCUs are seeing, but in little position to do anything about. They could also purchase real estate locally where their chapter is located. This would provide the association/chapter another stream of revenue and diversified real estate holdings.
  10. Invest in African American small businesses. This could be done in conjunction with African American owned banks/credit unions. If a small business could not qualify for a SBA loan, then the chapter could work out a deal with the bank that would allow them to review the investment on the bank’s recommendation. The chapter would then either invest in the business with equity or provide a loan and act as a shadow lender. We know this is something desperately needed for many African American small businesses who are trying to grow and for some reason or another lack access to traditional financial products. Imagine a local African American kid comes to the bank with the next great social media company, but he needs $38,000 to get it going and does not qualify, but the bank says they have a program that may work to help him. The chapter invest the $38,000 for a 50 percent stake and acts as a passive investor while the kid builds his dream. Why $38,000? This is the amount Mark Zuckerberg and classmate Eduardo Saverin invested to get Facebook off the ground in 2004. A company now worth $840 billion and a 50 percent stake would be worth $420 billion – from a $38,000 investment. Not to mention the potential to secure jobs and internships for your HBCU’s students and alumni as the company grew.
  11. Endow internships at local organizations. HBCU alumni constantly complain about our students not having access to opportunity. Well, now with your new found financial wealth you can buy them access just like everyone else does for their community. The Museum of Natural Science in New York, Miami, Houston, etc. sure do appreciate that $100,000 donation your association/chapter gave them to hire a paid summer internship. The condition? That intern needs to come from your HBCU. Now, a student from your HBCU gets a paid summer internship, work experience in a field of their interest, and most importantly builds their professional network.
  12. Be transparent. Associations and chapters need to ensure that members feel like they know and understand what is going on. Part of this is improving the membership’s financial aptitude through financial literacy so that they understand the decisions being made on some level. Have a quarterly review of the financial portfolio and an annual audit. Trust is vital and for African American organizations that trust is built through transparency.

HBCU Alumni Associations & Chapters should be the symbol of group economics for African America. Instead, the actions have been more hat in hand with the rest of African American organizations who could, but do not leverage their capability. The infrastructure is there for HBCU Alumni Associations & Chapters to be financial forces if the proper financial strategy and plan is implemented. It is time to stop playing and start planning, there is a lemonade stand to build.