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Broke & Dating: African Americans Cannot Afford to Date — Nor Can They Afford Not To

“The most important investment you can make is in yourself.” – Warren Buffett

There is a financial contradiction embedded in the romantic lives of African Americans that most personal finance commentators decline to address directly, because addressing it directly is uncomfortable. The contradiction is this: African Americans, as a group, occupy the most economically precarious position of any major demographic in the United States, which makes the cost of courtship a genuine strategic burden — and yet marriage, and the household formation it produces, remains one of the most powerful wealth-building mechanisms available to individuals operating without inherited capital. African Americans cannot afford to date the way the broader culture has normalized dating. And they cannot afford not to.

This is not a romantic observation. It is an institutional and economic one, and it deserves to be examined as such.

The arithmetic is brutal when you sit with it. According to a February 2025 survey by BMO Financial Group, the average American adult spends $2,279 on dates per year, with the all-in cost of a single date from pre-date grooming to gas money estimated at nearly $168. At one date per week, that annualized figure climbs well past $8,700. Set that against an African American median household income that, per the most recent Census data, sits at roughly $52,000 — still last among all major ethnic groups — and courtship is consuming somewhere in the range of 16 to 17 percent of African American median income. No other major demographic group faces that proportional burden. The cumulative cost is not simply personal; it is communal, because money extracted from the African American household through consumption-oriented dating is money that does not compound, does not build equity, and does not circulate within Black institutional ecosystems.

The crisis is compounded by employment fragility. African American men between the ages of 20 and 24 have historically carried unemployment rates roughly double those of their white male peers and these are the years during which romantic partnerships form with the most frequency and social intensity, and also the years of maximum economic vulnerability for the demographic most burdened by the cultural expectation of financing courtship. The collision of maximum relational pressure and minimum economic stability is not accidental. It is structural, and the consequences of navigating it poorly leading to the accumulating debt in pursuit of performed affluence, or deferring the relational investments that ultimately build household wealth reverberate for decades.

What is rarely said plainly enough is that courtship itself, when conducted without financial discipline, functions as a form of capital extraction. Every dollar spent performing prosperity in a relationship like the unnecessary dinner, the performative gift, the vacation financed on credit is a dollar transferred out of a community already operating with the thinnest capital base in the country. The African American community has constructed, over generations, a rich institutional infrastructure: HBCUs, Black-owned financial institutions, fraternities and sororities, professional associations, churches, and community development organizations. The health of that infrastructure depends, at its foundation, on the accumulation of wealth within African American households. Romance, conducted poorly, undermines that foundation directly.

And yet the opposite error of treating financial precarity as a reason to defer relational commitment indefinitely is equally destructive, and arguably more so at the institutional level. Marriage, sociologists have long established, is not merely a romantic arrangement. It is the primary non-institutional mechanism through which ordinary Americans build wealth. The two-income household produces compounding effects on savings capacity that single-income households simply cannot replicate. The married couple that directs dual incomes toward an investment portfolio, a property, a business capitalization, or a child’s education produces generational effects that individual accumulation, however disciplined, rarely matches. Economists studying the racial wealth gap have identified the marriage rate differential between African Americans and other groups as one of the structural contributors to the persistence of that gap not because marriage is morally superior to other arrangements, but because household formation is a capital formation mechanism, and lower rates of stable household formation mean lower rates of capital accumulation across the community.

The data on African American marriage rates is now well established. Black Americans marry at lower rates than any other major demographic group in the country, and those who do marry do so later. The causes are multiple and structural with high male incarceration rates, chronic unemployment disparities, elevated student debt burdens concentrated among Black women who have simultaneously outpaced Black men in educational attainment but the consequences operate as a compounding disadvantage. Every generation that forms fewer stable households is a generation that produces less transferable wealth. Every household that dissolves under financial stress and financial incompatibility remains among the most commonly cited causes of relationship dissolution is a household that fails to produce the institutional legacy it might have otherwise built.

The tension, then, is genuinely bilateral. Dating as currently practiced by too many African Americans is financially unsustainable and institutionally corrosive. But the instinct to disengage from romantic partnership altogether, whether from economic discouragement or cultural frustration, forfeits the most accessible wealth-building mechanism available to people without inherited capital. The resolution of this tension is not a lifestyle choice. It is a strategic discipline.

What that discipline requires, practically, begins with a fundamental reorientation of what courtship is for. In the broader American consumer culture, dating has been commodified into a performance, a sequential escalation of expenditure designed to signal value, demonstrate seriousness, and compete for desirability. That model was designed for, and is subsidized by, demographics with higher income floors and different capital structures. African Americans who adopt it wholesale are importing a financial logic that was never calibrated for their economic reality. The more productive frame is to understand courtship as what it has always been, beneath the cultural noise: an evaluation of partnership potential. The question that dating should answer is not who can perform affluence most convincingly but who can build alongside you most effectively.

The previous guidance this publication offered to HBCU men to be honest about your finances, maintain an emergency fund scaled to the specific vulnerability of African American employment, set expectations within a budget rather than beyond it, and resist the conflation of income with wealth remains sound, but it is incomplete if read only as personal financial advice. Its deeper implication is institutional. The man or woman who enters a serious relationship without financial honesty, without emergency reserves, and without a clear orientation toward asset accumulation is not simply making a personal error. They are entering a partnership that is structurally likely to fail under economic stress, and the failure of that partnership will remove another household from the African American wealth-building ecosystem. The stakes are communal, not merely personal.

The same logic applies to partner selection. This is a dimension of the conversation that cultural politeness often forecloses, but institutional analysis cannot afford to ignore. The choice of a romantic partner is, among other things, a capital allocation decision. A partnership between two individuals who are aligned on financial values, who are both oriented toward asset accumulation rather than consumption performance, and who are capable of the financial transparency that stable households require, produces outcomes that misaligned partnerships simply do not. The HBCU graduate who selects a partner based on emotional chemistry while ignoring or minimizing financial incompatibility is not being romantic they are being strategically imprecise about one of the most consequential decisions they will make. Given the compounding nature of household economics, imprecision here has long time horizons.

This is not an argument for mercenary partnership or the subordination of genuine affection to spreadsheet optimization. It is an argument that the dichotomy between romance and financial strategy is false, and that maintaining it as if it were real is a luxury African Americans, as a community, cannot afford. Other communities have understood for generations that courtship and institutional continuity are related phenomena. The institution of marriage among Jewish American families, which social scientists have identified as one of the structural contributors to that community’s remarkable intergenerational wealth transfer, is not simply an artifact of religious tradition. It is reinforced by a dense network of institutional expectations, community norms, and financial literacy frameworks that treat household formation as a community-level priority rather than a purely private one. The same patterns, in different cultural registers, appear in other communities that have achieved disproportionate wealth accumulation relative to their initial American circumstances.

African American institutions — HBCUs, fraternities, sororities, Black churches, professional associations — have the capacity to play this coordinating role. The HBCU campus, which has historically served not merely as an educational institution but as a marriage market and professional network, is an underutilized asset in this regard. When two HBCU graduates form a household, they are not just creating a family. They are activating a set of institutional networks, alumni relationships, professional associations, and community commitments that have real capital value. When that household builds wealth, and directs that wealth through Black-owned financial institutions, invests in Black-owned enterprises, and contributes to HBCU endowments, it completes a capital circulation loop that strengthens the entire ecosystem. The household is not the end of the story. It is the seed of a much larger institutional project.

But the institutional infrastructure currently available to support that project is insufficient to the scale of the problem. Providing personal finance guidance to individual graduates, or hosting mixers within existing alumni networks, addresses symptoms rather than causes. What is actually required are new institutions purpose-built to treat relationship formation and household financial stability as interconnected civic priorities and the African American community is now beginning to conceptualize what those institutions might look like.

One framework that has emerged from this conceptual work is the proposed Ossie Davis and Ruby Dee Trust, a nonprofit structure designed to treat Black relationship formation as essential civic infrastructure. Rather than addressing individual behavior, it embeds an Institutional Matchmaking Network inside existing Black institutions such as HBCUs, Black Greek-letter organizations, and Black professional societies organizing participants into cohorts around values alignment and life stage rather than the transactional logic of dating apps. Institutional partners would be evaluated not by attendance but by households formed over time. Alongside this, the Trust’s proposed Black Marriage Economic Stabilization Fund directly attacks the structural barriers to marriage formation: student loan interest relief for married participants, down payment matching grants, emergency household stabilization funds, and cooperative legal planning tools. If society subsidizes corporate capitalization through tax structures and preferential credit, there is no principled argument against subsidizing household formation among the demographic most systematically denied access to those same structures.

A second emerging framework addresses what enters the household economically at the moment of formation. The proposed HBCU Alumni Trust would provide every HBCU graduate, at graduation, with a beneficial interest in a professionally managed irrevocable trust generating monthly income distributions for life, with 75 percent accessible and 25 percent mandatorily reinvested, and underlying assets protected by spendthrift provisions for a ten-year vesting period. Its purpose is not primarily about returns. It is about changing the conditions under which graduates enter the courtship market. A graduate carrying a monthly income stream is a categorically different actor than one entering post-graduation life with $40,000 in student debt and no liquidity buffer less likely to perform prosperity they do not possess, less likely to make partnership decisions driven by economic desperation, and more likely to be the kind of financially stable partner around whom a wealth-building household can actually be built.

The version of dating that is making African Americans broke, therefore, is not simply an individual failure of financial discipline. It is a community failure to have built and sustained the normative frameworks, the matchmaking infrastructure, and the financial tools within which courtship is understood as institutional preparation rather than consumption performance. Young African Americans inherit a culture of dating that was not designed with their economic realities or institutional interests in mind. The Ossie Davis and Ruby Dee Trust, the HBCU Alumni Trust, and the broader institutional imagination they represent are attempts to change that inheritance not through cultural policing or moral instruction, but through the construction of institutions that make the financially disciplined, partnership-oriented approach to courtship the path of least resistance rather than the path of greatest sacrifice.

The calculation, ultimately, is not whether African Americans can afford to date. They can, if they do it with discipline, honesty, and a clear-eyed understanding of what partnership is for. The calculation is whether African Americans can afford to continue treating courtship as a consumption category rather than a capital formation strategy and whether the institutions that serve African American life are willing to accept responsibility for building the infrastructure that makes the difference. The evidence of seven decades of compounding wealth gaps suggests, emphatically, that they cannot afford the former. The emergence of institutional frameworks designed to address the structural conditions of Black household formation suggests, cautiously, that some are beginning to accept the latter.

Disclaimer: This article was assisted by Claude AI.

The Ecosystem We Have Not Built: What the HERD Survey Tells Us About HBCU Research Infrastructure

When you can do the common things of life in an uncommon way, you will command the attention of the world. – George Washington Carver

In Washington, the phrase “support for HBCUs” has become one of the most reliable applause lines in American political life. Presidents invoke it. Appropriations committees cite it. Press releases are issued, summits are convened, and photographs are taken with smiling institutional presidents. And then, year after year, the National Center for Science and Engineering Statistics releases the Higher Education Research and Development (HERD) Survey, the most comprehensive longitudinal dataset tracking university research investment in the United States, and the applause gives way to the same uncomfortable arithmetic.

In FY 2024, 59 HBCUs and affiliated institutions spent a combined $929.2 million on research and development. That is a large number in isolation. It is a devastating number in context. The total national higher education R&D enterprise that same year amounted to $117.7 billion. HBCUs accounted for 0.79% of it which is less than eight-tenths of one percent of the nation’s research investment, for institutions that produce a disproportionate share of Black STEM graduates, pre-medical students, and humanities scholars. The gap between what this figure is and what it should be is not a rounding error. It is a policy failure of the first order. But before laying the entirety of that failure at Washington’s feet, it is worth asking a harder question: how much of it is also self-inflicted?

What is worse than the current number is the trajectory. In 2015, the HBCU share of national R&D stood at 0.82%. In 2024, it stands at 0.79%. Ten years, three presidencies, dozens of executive orders, and multiple congressional funding packages later, the needle has moved — backward. The absolute dollar figures have grown, from $565.8 million in 2015 to $929.2 million in 2024, an increase of roughly 64% over the decade. But that growth is illusory when measured against the expansion of the national enterprise itself. The entire higher education R&D sector grew from $68.7 billion to $117.7 billion over the same period, an increase of 71%. HBCUs did not keep pace. They ran, and the field ran faster.

This is not a partisan observation. The data is indifferent to party affiliation. Under the Obama administration in FY 2015, HBCUs held a 0.82% share. By FY 2016, Obama’s final full year, it had slipped to 0.80%. Under the first Trump administration, the share fell steadily from 0.75% in 2017 to a decade-low of 0.63% in 2020. The Biden era produced the strongest absolute growth — $929 million in 2024 against $542 million in 2020 — but even at its peak, the Biden era only recovered the share to 0.79%, still below the Obama-era baseline. No administration has treated parity as a governing imperative. No Congress has appropriated at the scale the problem requires.

The HERD data makes the scale of the problem legible in a way that press releases cannot obscure. To reach just 1% of national R&D investment, a number that is not ambitious but merely honest, given that HBCUs serve a population roughly 15% of the total undergraduate student body, annual HBCU research expenditures would need to reach $1.18 billion, a gap of $248 million from current levels. To reach 2%, still proportionally below HBCU enrollment weight, the number is $2.35 billion, a gap of more than $1.4 billion annually. At 5%, which is arguably the minimum threshold for serious institutional research competitiveness, the annual requirement rises to $5.89 billion. These are not fantastical projections. They are the arithmetic of what it costs to matter in the modern knowledge economy.

There is one additional data point that every HBCU president, board member, alumni association chair, and development officer should be required to sit with before any other conversation about strategy begins. In FY 2024, 39 individual PWIs each spent more on research and development than all 59 HBCUs combined. Not more per institution. More in total more than $929 million apiece, individually, at 39 separate universities, while the entire organized HBCU sector could not collectively match what any one of them spent alone. Johns Hopkins, the perennial top-ranked research university, spent $4.1 billion on R&D in FY 2024, an amount more than four times the combined output of every HBCU in the country. But Johns Hopkins is not the only comparison that should give pause. The University of Pennsylvania spent $2.2 billion, an amount more than twice the entire HBCU sector. The University of California San Francisco spent $2.1 billion. The University of Michigan spent $2.1 billion. The University of Wisconsin-Madison spent $1.9 billion. These are not the top five institutions in the country by research output simply because they are wealthier or more selective than HBCUs in some abstract sense. They are the top five because they decided, at an institutional level, that research was the primary mechanism through which a university generates long-term power — economic, political, and reputational — and they built accordingly. Each of those five institutions, on its own, individually outspends every HBCU in America combined by a factor of two or more. Ohio State. Texas A&M. These are not exotic outliers. Several of them are state universities with public missions not fundamentally dissimilar from many HBCUs. The difference is not that their researchers are more talented or their communities more deserving. The difference is that somewhere in their institutional histories, research became the mission not a supplement to it. That reorientation produced decades of compounding returns. HBCUs are still debating whether to begin.

The external funding gap is real. But it exists alongside and is partly enabled by a pattern of institutional self-neglect that the HBCU sector has been reluctant to examine with full candor. Too many HBCU administrations, particularly those overseeing graduate programs, have treated research not as a strategic priority but as a grant-chasing appendage: a necessary line item for federal reporting, a credential for accreditation purposes, something the provost manages while the president attends to enrollment and donor relations. The result is an institutional culture in which research infrastructure is perpetually undercapitalized, grant offices are understaffed, and the graduate school — the engine of every serious research university — is treated as a placeholder for undergraduates (the bulk of most HBCU graduate schools are their own undergraduates) rather than the economic generator it is designed to be. This is not an abstraction. It shows up directly in the HERD rankings.

Howard University, the flagship of HBCU research activity, spent $101.8 million in FY 2024, ranking 178th nationally. North Carolina A&T, which has made the most deliberate institutional bet on STEM research, spent $81.8 million and ranked 192nd. Morehouse School of Medicine spent $68.7 million and ranked 212th. Florida A&M spent $68.7 million and ranked 213th. These are the top tier four institutions spending a combined $321 million out of the sector’s $929 million total. The other 55 institutions divided the remaining $608 million, an average of just $11 million each. And that average flatters the distribution considerably. Grambling State University, one of the most storied names in HBCU history, spent $486,000 in FY 2024, ranked 811th nationally, in the 13th percentile. Shaw University spent $452,000. Coppin State spent $304,000. Mississippi Valley State spent $161,000. Jarvis Christian College spent $150,000. These are institutions with graduate programs, loyal alumni networks, and deep community roots. The research numbers they are producing are not the result of limited potential. They are the result of limited prioritization. There is a meaningful distinction between the two, and the sector has been too comfortable blurring it.

The comparison with peer land-grant and regional public universities is instructive and uncomfortable. A regional public university with comparable enrollment to Morgan State or Tennessee State will typically have a dedicated technology transfer office, a research commercialization incubator, multiple endowed research chairs, and a graduate school that is explicitly linked to the institution’s strategic revenue plan. These are not luxuries at those institutions. They are understood as core infrastructure. At too many HBCUs, they remain aspirational bullet points in strategic plans that are never fully funded.

The institutional neglect of research infrastructure does not exist in a vacuum. It is reinforced and in many ways perpetuated by a philanthropic culture among HBCU alumni that directs dollars toward the visible and the sentimental rather than the strategic. Ask an HBCU alumni association what its fundraising priorities are, and the answers are predictable: scholarships, athletics, the marching band, campus beautification, the homecoming experience. These are not illegitimate priorities. Scholarships keep students enrolled. A great homecoming is an institutional identity statement. But they are not the investments that build research universities, and the gap between where HBCU alumni philanthropy flows and where HBCU research infrastructure requires investment is one of the most consequential misalignments in Black institutional life.

The problem is structural and informational. HBCU alumni, by and large, do not know what their institutions’ research portfolios look like. They do not know that their alma mater ranks in the 13th percentile of national research expenditures. They do not know that the graduate school is operating without a dedicated technology licensing office. They have never been presented with a case for why endowing a research chair in computational biology or environmental science would generate more long-term institutional value than another scholarship fund. No one has made that case to them, because the institutions themselves have not fully internalized it. PWI alumni are regularly presented with precisely this framing. Major research universities run sophisticated campaigns explaining to their donor bases that an endowed professorship creates a permanent research income stream, that a gift to a technology commercialization fund can generate licensing revenue that multiplies the original gift, that an investment in graduate fellowships attracts research talent that then generates grant overhead that funds the next generation of infrastructure. The cause-and-effect chain from donation to institutional research capacity to economic output is laid out explicitly. HBCU development offices have, with notable exceptions, not made this case. The result is that HBCU alumni who are themselves scientists, engineers, physicians, and entrepreneurs give generously to scholarships while their institutions’ research infrastructure atrophies. They are loyal donors funding an incomplete vision of what their institutions could be.

The competitive gap is widening not only in research expenditure but in the commercialization infrastructure that converts research into institutional wealth and nowhere is that gap more nakedly visible than in patent production. The National Academy of Inventors publishes an annual ranking of U.S. universities by utility patents granted. In 2024, the University of California system led the country with 540 patents. MIT produced 295. The University of Texas system produced 234. Purdue produced 213. Stanford produced 199. Not one HBCU appears anywhere in the top 100. Not Howard. Not NC A&T. Not Florida A&M. The list runs to 100 institutions and ends with universities holding 14 patents each. HBCUs could not place a single institution on it. This is not incidental. It is the downstream consequence of four and a half decades of abdication from the commercialization economy that the Bayh-Dole Act of 1980 made available to every research university in America. That legislation gave universities ownership of discoveries made with federal research funding — a structural gift that created the legal architecture for technology licensing offices, spinoff companies, and the university-based venture ecosystem that now anchors the innovation economies of entire regions. MIT’s technology licensing office has generated billions in cumulative revenue and been instrumental in creating hundreds of companies. Stanford’s equivalent has returned substantial royalty income to its operating budget and endowment for decades. The institutions that built aggressive commercialization infrastructure around Bayh-Dole are now compounding institutional wealth at a rate that has nothing to do with tuition receipts or annual federal appropriations. HBCUs have largely been bystanders to this transformation for forty-five years. Every year that an HBCU produces federally funded research without a pipeline for commercializing it is a year in which intellectual property that legally belongs to the institution is effectively abandoned. The patents are not filed. The licensing agreements are not negotiated. The spinoff companies are not formed. The wealth that research can generate, wealth that is independent of enrollment cycles, tuition sensitivity, and federal political winds is left on the table. When a major technology company funds a research center at MIT or Carnegie Mellon, it is making an investment in an ecosystem that has already demonstrated the capacity to convert that investment into commercially viable output. That ecosystem produced Google. It produced Genentech. It produced the foundational patents behind industries that did not exist a generation ago. The question for HBCUs is not how to be invited into that ecosystem. Invitation is not the goal, and dependence on the goodwill of institutions that have never prioritized Black wealth creation is not a strategy. The goal is to build a parallel ecosystem; one anchored in HBCU research infrastructure, capitalized through the African diaspora, and oriented toward producing the companies, the patents, and the intellectual property that generate Black institutional wealth on a generational time horizon. The African American community has spending power measured in the trillions. The African continent represents one of the fastest-growing concentrations of capital and technological ambition in the world. The Caribbean and broader diaspora hold resources, networks, and markets that no MIT spinoff has been designed to serve. An HBCU-anchored research commercialization ecosystem, built in genuine partnership with diaspora capital rather than in perpetual petition to federal appropriators, is the architecture through which an African American-owned Google becomes imaginable not as aspiration, but as institutional output. Stanford did not produce Google because it got lucky. It produced Google because it had spent decades building the research infrastructure, the technology transfer capacity, the graduate talent pipelines, and the investor relationships that made commercializable discovery an institutional inevitability rather than an accident. HBCUs have the community. They have the talent. They have, in the diaspora, a potential capital base that dwarfs what most research universities could claim at the moment they began building. What they have not yet built is the infrastructure that converts all of that latent capacity into compounding institutional power. That is the work. And it cannot begin until the sector decides that research is not an afterthought it is the foundation.

None of that ecosystem can be built, however, if the students arriving at HBCU research programs have spent their entire academic formation inside institutions that treated STEM as an afterthought. The research university does not begin at the graduate school. It begins at the pipeline that feeds it. The elite PWI research institutions that dominate the HERD rankings and the NAI patent list are not drawing their graduate talent from underfunded schools with overextended teachers and no competition culture. They are drawing from Phillips Exeter, Phillips Andover, and the constellation of elite preparatory institutions that have spent generations building exactly the kind of STEM competition infrastructure (doctoral-level coaches, state-of-the-art laboratories, national Olympiad pipelines) that produces the researchers who then generate the patents and the companies. The African American community once had more than 100 Black boarding schools. Four remain. The collapse of that infrastructure is not unrelated to the HERD data. It is part of the same story. Rebuilding a network of elite Black private day schools and boarding schools institutions explicitly designed as STEM pipelines into HBCUs and from HBCUs into the research economy is not a separate conversation from the one this article is having. It is the upstream chapter of it. An HBCU research ecosystem capable of producing commercially viable intellectual property requires a feeder system that has been preparing Black students for that level of scientific culture since before they arrive on campus. The Eight Schools Association does not produce Intel Science Fair winners by accident. Neither will HBCUs produce the next generation of research scientists, patent-holders, and technology entrepreneurs without building the institutional infrastructure that makes that outcome systematic rather than exceptional.

The deepest problem, however, is one that no federal grant program and no alumni campaign can solve on its own. It is a problem of institutional identity. Research at most HBCUs is understood as the work of a specific class of people: faculty with PhDs, graduate students, grant administrators. It is not understood as the work of the institution. This is a fundamentally impoverished conception of what a research university is, and it has real consequences for both the quantity and the quality of what gets produced. The most research-intensive universities in the world do not operate this way. At institutions where research is genuinely central to the mission, the orientation pervades the entire organization. The facilities management team understands that their work maintains the physical infrastructure on which research depends. Procurement staff understand that how they manage equipment acquisition and vendor relationships affects the cost-efficiency of the research enterprise. The administrative staff in grant offices understand themselves as investigators’ partners, not their compliance monitors. The groundskeepers and custodial staff who maintain the physical environment of laboratories and research spaces are part of an institution that takes seriously what happens inside those spaces. This is not sentimentality. It is operational culture. And it is the difference between institutions that treat research as a revenue center and those that treat it as a credential.

For HBCUs, the argument for this kind of whole-institution research identity is not merely operational. It is strategic and historical. The communities that HBCUs were built to serve have profound, unmet research needs: in environmental health, in medical outcomes, in economic development, in urban infrastructure, in food systems, in financial services. The proximity of HBCUs to those communities — geographic, cultural, institutional — is itself a competitive research advantage that no PWI can fully replicate. Community-engaged research, participatory research models, place-based longitudinal studies of Black American communities — these are areas in which HBCUs have natural authority. But capitalizing on that authority requires treating research as a whole-institution commitment, not a departmental function. It means building research literacy across every level of the institution. It means having honest conversations, from the boardroom to the grounds crew, about what research is, why it matters, and what the institution loses every year it is treated as secondary. Not because every employee will write a journal article, but because institutional culture is built through shared understanding of institutional purpose. When everyone connected to a campus understands that its long-term capacity to serve its community is tied to its research productivity, the institution begins to function differently. Budget priorities shift. Hiring decisions reflect research capacity. Alumni giving conversations expand beyond the sentimental to the strategic.

The institutions already gaining ground demonstrate the model. Morgan State’s growth from $13.6 million in 2015 to $55.5 million in 2024 — a 309% increase — did not come from waiting on Washington. It came from deciding that research was a strategic priority and building the administrative infrastructure to compete for it. Winston-Salem State’s 840% growth over the same period came from targeting federal health research dollars with institutional precision. Delaware State nearly tripled its portfolio. These trajectories prove the capacity exists.

There are also signs that the sector is beginning to grasp the coordination imperative. On April 29, 2026, fifteen HBCUs announced the formation of the Association of HBCU Research Institutions (AHRI), a national coalition explicitly designed to accelerate research capacity, increase the number of HBCUs achieving R1 Carnegie Classification, and expand collective policy influence. The founding membership includes Howard, the sector’s only R1 institution, alongside thirteen R2 institutions: Clark Atlanta, Delaware State, Florida A&M, Hampton, Jackson State, Morgan State, NC A&T, Prairie View A&M, South Carolina State, Southern University, Tennessee State, Texas Southern, and Virginia State. Collectively, AHRI’s members account for roughly half of all competitively awarded federal research funding among HBCUs. The coalition is co-located with the Association of American Universities and has secured a three-year, $1 million grant from Harvard’s Legacy of Slavery initiative, with Harvard’s Office of the Vice Provost for Research providing technical assistance. The formation of AHRI is the most substantive structural move the HBCU research sector has made in a generation, and it deserves to be recognized as such. But one million dollars over three years, measured against a sector-wide research gap of hundreds of millions annually and a patent economy in which HBCUs hold zero of the top 100 positions, is a foundation, not a solution. The significance of AHRI is not the capital it has raised. It is the architecture it represents — fifteen institutions deciding that isolation is no longer a viable strategy. If that architecture is built upon seriously, capitalized at the scale the HERD data demands, and extended to the 44 HBCU/PBI institutions not yet in the coalition, it becomes the organizational infrastructure through which the ecosystem this article has described can actually be constructed. If it becomes another announcement without a follow-through funding strategy, the HERD Survey will record the same story in 2034 that it has recorded every year since 2015.

But the formation of AHRI also demands a harder question that the coalition’s announcement did not address: how much genuine institutional autonomy do its member institutions actually have? Research strategy is a function of institutional governance. An institution that cannot independently set its research agenda, control its own board appointments, or protect its leadership from politically motivated interference cannot build the kind of sustained, multi-year research infrastructure the HERD data demands regardless of what coalition it joins. This is not a hypothetical concern. Prairie View A&M, one of AHRI’s founding members, operates within the Texas A&M University System, a governance structure in which the flagship institution’s interests, priorities, and resource allocation decisions do not always align with those of a historically Black land-grant whose research mission serves a fundamentally different community. The degree to which Prairie View can pursue an independent research commercialization strategy, build its own technology transfer infrastructure, or make unilateral decisions about patent filing and licensing within that system is a question the coalition’s formation does not resolve. Texas Southern, another AHRI founding member, has experienced more direct interference: its board has been subject to hostile gubernatorial appointments that resulted in the termination of institutional leadership in ways that the broader HBCU community recognized as reflecting political interests rather than institutional ones. Tennessee State has faced comparable dynamics, with the state’s Republican-controlled legislature effectively vacating its board and replacing it with gubernatorial appointees, a maneuver that places the strategic direction of a public HBCU in the hands of an administration with no particular stake in HBCU research excellence. An HBCU that cannot protect its own president, control its own board, or govern its own research agenda is not positioned to build a serious research enterprise regardless of its AHRI membership. The coalition is only as strategically coherent as the institutional autonomy of its members. That autonomy, for several of its founding institutions, is not guaranteed. It is contested.

The structural argument that the data ultimately forces is this: no external actor — no administration, no Congress, no philanthropic initiative operating at current scales — has demonstrated the will to close a gap this large. Replicating and scaling what the sector’s fastest-growing research institutions have done requires HBCU administrations to stop treating their research enterprises as afterthoughts, HBCU alumni to stop treating their philanthropy as sentiment, and HBCU communities to start treating institutional research capacity as what it actually is — a long-term economic and political asset that compounds in value every year it is invested in, and deteriorates every year it is not.

The HERD Survey is updated annually. And annually, the same story is told. The question is whether the institutions that story concerns have finally decided to write a different one.


Data sourced from the National Center for Science and Engineering Statistics, Higher Education R&D Survey (HERD), FY 2015–2024; and the National Academy of Inventors, 2024 Top 100 U.S. Universities Granted U.S. Utility Patents. All HERD expenditure figures are in thousands of current dollars.

Disclaimer: This article was assisted by ClaudeAI.

More Than Sports: HBCU Conferences Need To Create Their Own Endowment Foundations

“If you want to go fast, go alone. If you want to go far, go together.” – African Proverb

In the world of HBCUs, sports are often the glittering front porch. The stadiums, the bands, the rivalries—they draw the crowds, the attention, the media. But behind that porch is a house often held together by financial duct tape. For decades, HBCU athletic conferences like the SWAC, MEAC, SIAC, and CIAA have focused on managing competition and culture. But the economic foundation underneath them is alarmingly thin.

The financial disparity between HBCU athletic institutions and their predominantly white peers is not simply about who has better training facilities or more ESPN airtime. It’s about the difference between operating with an endowment mindset versus a sponsorship mindset. PWIs leverage their conference structures to coordinate billions in collective endowments, research funding, and intellectual capital. Meanwhile, HBCU conferences still operate paycheck to paycheck, dependent on event-driven income, annual sponsors, and episodic corporate philanthropy.

It is time for that to change. The next great leap in HBCU economic sovereignty must come through the creation of endowment foundations at the conference level—independent yet cooperative financial vehicles that can invest in the long-term needs of HBCU institutions, students, and faculty.

The Forgotten Leverage of Collective Wealth

Historically, African American communities have mastered the art of doing more with less. From the Black Wall Streets of the early 20th century to mutual aid societies, pooling resources has long been a survival strategy. But in the modern higher education economy, survival is not enough. Institutions must thrive. And thriving requires capital—specifically, patient capital.

A conference-wide endowment foundation could be just that. It would allow HBCU conferences to strategically deploy financial resources where they are most needed—not only for athletics, but for academic innovation, student scholarships, research collaborations, alumni entrepreneurship, and faculty retention.

Each of the four major HBCU athletic conferences represents a combined student population of tens of thousands and a deep well of alumni, many of whom have entered the upper echelons of law, medicine, tech, government, and business. If each conference coordinated an endowment foundation targeting just 5% of its alumni giving annually and directed those funds into a permanent asset fund managed by Black-owned asset managers and banks, we would begin to see a fundamental shift in institutional leverage.

When The Game Ends, What Remains?

The problem is not talent. It’s time horizon.

HBCU conferences have too often focused on short-term visibility over long-term viability. A celebrity coach may raise a program’s profile for a season, but a well-capitalized endowment will sustain it for generations. PWIs understand this deeply. The Big Ten and SEC do not just operate athletic schedules. Their conference-level infrastructure includes powerful media rights contracts, legal teams, joint academic initiatives, and most importantly—shared wealth.

Take the Ivy League. Its member schools may not be athletic powerhouses, but collectively they manage over $200 billion in endowment assets. While HBCUs often compete against each other for grants, donors, and students, Ivy League and Big Ten schools collaborate to amplify their influence. Why can’t HBCUs do the same?

A SWAC Endowment Foundation, for example, could support:

  • Annual capital grants for member HBCUs to build dormitories, research centers, or innovation labs.
  • A Black student investment fund, empowering students to manage a real portfolio.
  • A faculty sabbatical and fellowship program to retain top talent within the HBCU ecosystem.
  • Grants to fund summer bridge and college prep programs across rural Black communities.
  • Ownership stakes in infrastructure projects in HBCU towns—student housing, broadband, and more.

A 21st Century Wealth Blueprint for HBCUs

The structure is not complicated, but the will must be. Each HBCU conference should establish an independent 501(c)(3) endowment foundation. The foundation would be governed by a board composed of conference commissioners, university presidents, HBCU alumni investment professionals, and student liaisons.

The foundation would start with a 10-year capital campaign. Initial targets? Raising $100 million per conference by year ten. This is modest. If 10,000 alumni gave $1,000 over a decade—just $100 a year—it would amount to $10 million. Pair that with philanthropic and corporate matching, estate giving, and mission-driven Black investors, and these endowments become engines of independence.

Critically, these endowment foundations should also commit to investing 100% of their assets with Black asset managers, banks, and venture capital firms. According to a 2021 Knight Foundation report, less than 1.4% of the over $80 trillion in asset management is controlled by diverse firms. HBCU conferences can help change that while keeping their dollars circulating within their own ecosystem.

Why It Matters: Ownership, Control, and The Power to Say No

The absence of financial infrastructure has often forced HBCUs to compromise. Take whatever TV deal is offered. Accept unfavorable game contracts. Cancel athletic seasons due to budget shortfalls. Move championship games to cities with no cultural or economic benefit to Black communities.

An endowment changes the game. With financial strength comes the power to say no—no to deals that don’t serve the community, no to external forces dictating priorities, and no to underestimating the value of HBCU brands.

It also allows for coordinated lobbying efforts. A conference endowment could fund policy centers and advocacy work in Washington to push for equitable funding, infrastructure investments, and higher education reform that centers Black institutions. Endowments are not just about dollars. They are about direction.

Cultural Buy-In & Structural Challenges

Skeptics will ask: who will manage it? Will universities compete instead of collaborate? Will presidents agree to hand over some control?

These are valid questions—but solvable ones. What’s required is a paradigm shift. The same way the United Negro College Fund (UNCF) once proved that HBCUs could raise money collectively, athletic conferences can prove that they can build wealth collectively. Trust can be built through transparency. Foundations must publish quarterly reports, undergo annual audits, and invite stakeholders to participate in governance.

The cultural buy-in must be intergenerational. Students should see themselves as builders of legacy, not just borrowers of opportunity. Alumni must view giving not as charity, but as strategic investment in their own institutional ecosystem.

And universities must remember: autonomy and alignment are not enemies. One HBCU’s success is every HBCU’s opportunity.

From Halftime Shows to Financial Shows of Strength

The world is watching HBCUs now more than ever. Celebrities are giving. TV deals are emerging. Black students are reconsidering PWI alternatives. But without institutional infrastructure—especially financial infrastructure—this moment may pass like many others before it.

We cannot build generational legacy off emotional moments alone. It requires structure, discipline, vision, and capital. Conference endowments offer the structure. Our community provides the capital. And our students are the vision.

Let this be the era where HBCU athletic conferences moved from entertainment to enterprise. From event coordination to economic coordination. From standing on the field to standing on financial foundations.

Because after the buzzer sounds, after the lights dim, and after the trophies are stored—what remains is what was built.

(We Were Wrong) Beyond the $30 Billion: Why African American Boys Require a Longer, Costlier Educational Climb

In a recent analysis published by HBCU Money, we argued that a $30 billion endowment would be sufficient to close the associate degree attainment gap between African American men and their women counterparts. The logic was elegant in its simplicity: take 50,000 African American men annually who are missing from associate degree completion, provide each with $30,000 per year—covering tuition, housing, and basic support—and the gender gap in Black post-secondary education begins to narrow. We were wrong – very wrong.

It is a compelling proposal, steeped in demographic logic and economic urgency. But elegant does not mean complete. If higher education is a pipeline, then this approach merely caps a leaky valve at the end of the conduit. The real structural deficiency lies upstream—far upstream. The associate degree gap is not born at age 18. It is the cumulative effect of educational disparities that take root as early as age 3 and metastasize through adolescence. The sobering truth is this: by the time African American boys reach college age, a significant portion have already been statistically written out of the academic script.

To reverse that fate, to genuinely provide parity in academic opportunity and outcomes for African American boys, would require not a $30 billion endowment, but a new institutional architecture rooted in Afrocentric values, collective capital, and global Black solidarity.

The Persistent Early Gap

The academic challenges of African American boys begin not in college, but in kindergarten. According to the National Assessment of Educational Progress (NAEP), by the fourth grade, over 85% of African American boys are reading below grade level—an early indicator that portends long-term academic disadvantage. This early literacy gap is not anomalous. It is systemic and persistent.

Studies show that reading proficiency by the third grade is a leading predictor of high school graduation, incarceration, and lifetime earnings. Yet African American boys are often consigned to underfunded schools, taught by less experienced teachers, and disproportionately subjected to school disciplinary measures that remove them from instructional time. Suspension rates, for instance, are three times higher for Black boys than their White peers, often for subjective offenses like “willful defiance” or “disrespect.” The gap becomes a chasm.

In math, the picture is no better. By eighth grade, only 14% of African American boys score at or above the proficient level in mathematics, compared to over 40% of White boys. These figures reflect a system that neither recognizes nor remediates inequity early enough. If education is the great equalizer, it has yet to live up to its billing for Black boys.

The Endowment Illusion

The $30 billion associate degree endowment, calculated on the basis of a 5% annual return, yields $1.5 billion in perpetuity—enough to support 50,000 students at $30,000 per annum. Yet, that only addresses the symptom of educational inequality, not the cause. True solutions must draw from a cultural legacy of African American educational institution-building that spans from the Freedmen’s Bureau to HBCUs to freedom schools. In order to even arrive at the starting line of post-secondary education, a comprehensive educational investment must begin in early childhood and follow through until high school graduation.

Let us imagine a program that supports 50,000 African American boys per year from age 5 to age 18—a full 13-year K-12 education track. This support would include high-quality preschool, experienced teachers with cultural competency, supplemental tutoring, mental health services, STEM and arts enrichment, parental engagement programs, and college readiness support. At a conservative cost of $10,000 per student per year (a figure aligned with successful charter networks like KIPP and Success Academies), the total cost would be $130,000 per student across their K-12 experience. Multiply this by 50,000 students per cohort and you arrive at an annual outlay of $6.5 billion.

To sustain such an initiative in perpetuity with a 5% endowment return, the required endowment would be $130 billion. And this is merely to bring these students up to average outcomes.

From Parity to Excellence

Parity, however, is not the goal. African American boys do not merely need to catch up; they must be positioned to compete at the highest levels of academic achievement. That means cultivating talent pipelines that reach into gifted education, elite science competitions, top-tier university admissions, and entrepreneurial ventures.

This level of academic excellence requires not just catching up, but leapfrogging. It means summer academies at HBCUs, AP and IB course preparation, access to dual-enrollment programs, mentorship by professionals, scholarships for out-of-school opportunities, and extended learning days. According to data from the Jack Kent Cooke Foundation, programs that support high-achieving students from disadvantaged backgrounds can cost between $5,000 and $10,000 annually per student, in addition to standard educational expenditures. But to leave no doubt, we must go above and beyond even the $10,000 annually.

If we allocate an additional $15,000 annually to the $10,000 base cost to foster excellence, we reach $25,000 per student per year, or $325,000 over 13 years. For 50,000 students, the annual cost rises to $16.25 billion. The endowment needed to sustain this model? $325 billion.

It is a daunting number. But it is one that puts the $30 billion associate-degree-only strategy into perspective. In reality, that $30 billion merely addresses the final 10% of the educational gap. The remaining 90% remains unfunded and unresolved.

The True Cost of a Kindergarten Cohort

To grasp the full scale of closing the education gap for African American boys, it is useful to broaden the lens beyond a cohort of 50,000 to include all Black boys entering kindergarten in a given year. According to the U.S. Census Bureau’s 2021 American Community Survey, there are approximately 254,000 African American boys enrolled in kindergarten in the United States.

If the aim is to ensure each of these boys receives high-quality, enriched education support—costing $10,000 per year from kindergarten through 12th grade—this results in a total cost of $130,000 per child across their 13-year pre-college journey.

Multiply this by 254,000 boys and the total cohort investment requirement becomes $33.02 billion.

To maintain this annually and support each new kindergarten cohort indefinitely, the endowment would need to provide $33.02 billion every year. With a conservative 5% return, this would require a $660.4 billion endowment—just to bring African American boys to average educational outcomes.

However, as previously argued, parity is not enough. To make these boys genuinely competitive with the highest-performing demographic groups—often White or Asian boys from affluent, well-resourced districts—an additional $15,000 per year per child would be required. This would cover gifted education, STEM academies, mentoring, tutoring, and college preparation resources. The total annual investment per student rises to $25,000, or $325,000 over 13 years.

At this enhanced level of investment, the cost for the entire cohort would total $82.6 billion per year.

To generate this perpetually from a 5% return, the requisite endowment would balloon to $1.7 trillion.

This almost multi-trillion-dollar figure is not hyperbole. It is the sober arithmetic of justice. The $30 billion endowment proposed for closing the associate degree gap appears generous—until it is juxtaposed with the lifelong investment actually required to ensure those young men ever reach a college classroom. In truth, the educational equity gap for African American boys is not a $30 billion problem; it is a $660 billion to $1.7 trillion problem.

A Demographic Catastrophe in Waiting

The implications of not investing early and deeply are severe. According to the U.S. Department of Education, African American boys represent just 8% of public school students but 33% of those suspended at least once. They are also overrepresented in special education and underrepresented in gifted and talented programs.

Incarceration rates mirror educational failure. Black men are six times more likely to be incarcerated than White men. Nearly 70% of all inmates are high school dropouts. The school-to-prison pipeline is not metaphor—it is infrastructure, one built on policy choices and funding gaps.

Moreover, the economic costs compound. A 2018 study by the Georgetown Center on Education and the Workforce found that closing racial education gaps would add trillions to U.S. GDP. Investing in African American boys’ education is not merely a moral imperative—it is an economic one.

Philanthropy Alone Will Not Suffice

One might reasonably ask: where will $325 billion—or $1.7 trillion—come from? That sum exceeds the current combined endowments of all HBCUs by a factor of over 50. Harvard University’s endowment—at roughly $50 billion—is still only a fraction of the required amount. Relying on philanthropy alone, especially given the racialized disparities in donor patterns, would be naïve.

Instead, what is needed is a hybrid model of public-private partnerships, federal-state philanthropic compacts, and structured endowment legislation. Just as the GI Bill transformed post-war White middle-class fortunes, so too must a generational investment in Black boys be treated as a national economic priority.

Such a policy could resemble the Social Security Trust Fund model, whereby a long-term capital pool is created and invested with fiduciary prudence, returning 5% annually. Contributions could be sourced through structured community bond offerings underwritten by Black-owned financial institutions, cooperative tithing networks across African American faith communities, and revenue-sharing agreements with diaspora enterprises committed to educational reparative justice, reparations frameworks, and HBCU-aligned investment vehicles.

An African American Male Youth Education Trust (AAMYET) could be codified through legislation and act as an autonomous entity with board representation from HBCUs, Black investment firms, educational experts, and community leaders. This would ensure the governance of the fund is as transformative as its purpose.

Institutional Infrastructure: The HBCU Opportunity

Any serious endowment strategy must inevitably route through the nation’s HBCUs, which have long served as both sanctuaries and springboards for African American excellence. With their mission-focused approach, deep community trust, and track record in producing African American professionals, HBCUs are ideally positioned to be the institutional stewards of such an initiative.

Their role could include operating early college academies, developing teacher pipelines specifically for Black boys, hosting summer STEM institutes, and coordinating alumni mentoring networks. A dedicated center—perhaps named The Center for the Advancement of African American Boys (CA3B)—could operate as a national think tank, research institute, and program incubator.

This center could live at an HBCU with strong education and public policy faculties such as Howard University or North Carolina A&T, reinforcing HBCUs as hubs of cultural knowledge, economic development, and intergenerational stewardship. It would be tasked with longitudinal data analysis, best-practices dissemination, and inter-HBCU coordination. Its mission: ensure the pipeline remains robust from age 5 through 25 and beyond.

Lessons from Elsewhere

There are precedents. The Harlem Children’s Zone, under Geoffrey Canada, demonstrated the compounding power of investing in children from birth to college. The program includes parenting classes, quality pre-K, rigorous charter schooling, after-school enrichment, and college counseling. It costs upward of $20,000 per child annually but has produced impressive graduation and college enrollment rates.

Similarly, the Kalamazoo Promise—a city-funded college scholarship program—has led to higher college completion rates, especially among students of color. Yet even these models often lack national scale and sustainable endowment backing.

The Politics of Boys

There is also an uncomfortable political dimension to funding African American boys. Much of the education philanthropy and policy discourse has centered—rightly—on Black girls and women, who experience their own unique forms of marginalization. But there is hesitancy, even fatigue, in specifically addressing the needs of boys, particularly in the wake of contentious debates around masculinity and privilege.

Yet the data speak clearly. Black boys are being academically outpaced not only by their White peers, but increasingly by their own sisters. The gender gap within the African American community is growing, with 66% of Black bachelor’s degrees awarded to women. To ignore this is to risk building a one-legged stool of advancement.

The conversation must therefore be reframed—not as a zero-sum battle of genders, but as a holistic pursuit of parity. A strong, educated Black male population strengthens Black families, communities, and institutions. And a $325 billion endowment for that cause is not extravagance—it is strategy.

A Different Return on Investment

Understanding the Endowment Logic

It is important to clarify that the $660 billion and $1.7 trillion endowment figures presented are not annual funding requirements. Rather, they represent the size of a one-time, permanent endowment needed to sustainably support African American boys across generations.

Much like university endowments, these funds would be invested, and the Cooperative would spend only the annual interest income—estimated conservatively at 5%—without ever touching the principal. This means a $1.7 trillion endowment would yield approximately $82.6 billion annually, which could be used to support the full cohort of 254,000 African American boys from kindergarten through 12th grade every year, in perpetuity.

In this model, once the endowment is built, there is no need to raise another $1.7 trillion for future cohorts. Each new generation is supported by the returns of a community-built financial engine—ensuring long-term stability, intergenerational continuity, and independence from political volatility.

In financial terms, $325 billion might appear colossal. But African American communities have learned through generations that self-reliance and institution-building are more durable paths to empowerment than waiting on national consensus. The federal government has consistently underinvested in the success of African American children, and there is little indication that this pattern will meaningfully reverse.

Instead, African American institutions—especially HBCUs, Black-owned banks, community foundations, and faith-based networks—must chart a Pan-Africanist course rooted in collective economic action. Just as African American communities once built schools under Jim Crow and funded college scholarships through Black churches and fraternal organizations, so too must this generation forge a new education endowment through cooperative wealth strategies.

A national African American Education Endowment Cooperative could be seeded with pooled resources from HBCU alumni, Black entrepreneurs, entertainers, athletes, and Pan-African allies across the diaspora. A modest $1,000 annual contribution from one million African Americans, matched by Black institutions and philanthropic partners, would yield $1 billion annually in capital formation. With prudent investment management, even that could lay the foundation for a $30 to $50 billion fund over a generation—entirely self-directed.

Moreover, diaspora investment from African nations seeking to strengthen transatlantic ties offers another opportunity. Countries like Ghana, Nigeria, and South Africa have both strategic interests and moral incentives to support African American educational uplift. A global Black education compact, co-stewarded by HBCUs and African ministries of education, could institutionalize these alliances.

The return? A generation of African American boys empowered not by charity but by communal sovereignty. Doctors, engineers, scientists, historians, entrepreneurs, and leaders grounded in African cultural capital and global competitiveness. To fund their ascension is not merely a financial imperative—it is a declaration of belief in our own capacity to shape the future on our own terms.