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HBCU Money’s 2019 Top 10 HBCU Endowments


The adjective that best describes 2019 HBCU endowments – uninspiring. HBCU flagship endowments barely moved over the past calendar year. Of all reporting endowments, only The University of the Virgin Islands saw double digit gains in their endowment market value. Since breaking into the top 10 HBCU endowments in 2014, UVI has been on a meteoric rise almost doubling their endowment over the past six years and has become something of a canary in a coal mine.

There is plenty of blame to go around, but the jest of the matter is HBCUs and HBCU alumni associations continue to not do a good enough job of hammering financial and philanthropic literacy among their constituents. This leads to either a lack of investing or no investing at all among HBCU alumni and HBCU alumni associations and therefore a paltry engagement both from an alumni giving rate and alumni giving amounts. Simply put, there are still far too many HBCU alumni and students who do not know what an endowment is or its purpose and it is reflected in the endowments of our institutions.

If there is any solace to be taken from this year’s numbers, it is that HBCU endowments are largely in line with the overall sentiment of America’s college and university endowments. Unfortunately, the median HBCU endowment is less than 44 percent of the overall NACUBO median reporting endowment and HBCU endowments are just barely 18 percent of the NACUBO average reporting endowment.

HIGHLIGHTS:

  • HBCU Endowment Total – $2.1 billion
  • Number of PWIs Above $2 billion – 54
  • Number of PWIs Above $1 billion – 108
  • HBCU Median – $64.8 million (4.07%)
  • NACUBO Median – $149 million (5.02%)
  • HBCU Average – $148 million (4.25%)
  • NACUBO Average – $816.4 million (4.24%)

All values are in millions ($000)

1. Howard University – $692,832 (0.62%)

2. Spelman College – $390,462 (0.27%)

3.  Hampton University – $282,543 (-0.98%)

4.  Meharry Medical College – $159,146 (-0.48%)

5.  Florida A&M University – $98,213 (1.93%)

6.  University of the Virgin Islands – $71,684 (15.83%)

7. North Carolina A&T State University  – $68,459 (7.58%)

8.  Tennessee State University – $61,110 (4.11%)

9. Virginia State University – $57,383 (5.33%)

10.  Winston-Salem State University – $49,755 (7.66%)

OTHERS REPORTING:

Take a look at how an endowment works. Not only scholarships to reduce the student debt burden but research, recruiting talented faculty & students, faculty salaries, and a host of other things can be paid for through a strong endowment. It ultimately is the lifeblood of a college or university to ensure its success generation after generation.

Source: NACUBO

HBCU Money™ Presents: 2019’s HBCU Alumni NFL Players & Salaries


The 6th annual installment of tracking the earnings of HBCU alumni who are NFL players, the University of Arkansas-Pine Bluff’s Terron Armstead retains the crown with a $5.5 million raise over his 2018 salary.

HBCU Money™ FACTS:

  • HBCU NFL players combine for $43.6 million, an almost 13 percent increase from 2018, when HBCU NFL players earned $38.7 million.
  • South Carolina State University & North Carolina A&T are tied with 4 NFL players each.
  • The SWAC has 9 players versus the MEAC’s 12 players in the league.
  • Average salary for HBCU NFL players is $1.9 million, an increase of $100,000 from 2018.
  • Median salary for HBCU NFL players is $930,000.
  • HBCU players account for 1.4 percent of the NFL’s 32 team active roster spots.
  1. Terron Armstead /UAPB / $15.8 million
  2. Antoine Bethea / Howard / $3.625 million
  3. Chester Rogers / Grambling State / $3.095 million
  4. Joe Thomas / South Carolina State / $2.237 million
  5. Tytus Howard (R) / Alabama State / $2.223 million
  6. Javon Hargrave / South Carolina State / $2.198 million
  7. Rodney Gunter / Delaware State / $1.75 million
  8. Ryan Smith / North Carolina Central /$1.697 million
  9. Darius Leonard / South Carolina State / $1.647 million
  10. Isaiah Crowell / Alabama State / $1.25 million
  11. Antonio Hamilton / South Carolina State / $1 million
  12. Brandon Parker / North Carolina A&T / $930,758
  13. Tarik Cohen / North Carolina A&T / $803,914
  14. Grover Stewart / Albany State / $749.912
  15. Tony McRae / North Carolina A&T / $645,000
  16. KhaDarel Hodge / Prairie View A&M / $570,000 (Tied)
  17. Trent Scott / Grambling State / $570,000 (Tied)
  18. Darryl Johnson / North Carolina A&T / $519,522
  19. Joshua Miles / Morgan State / $513,664
  20. Trent Cannon / Virginia State / $511,096
  21. Danny Johnson / Southern / $510,862
  22. Jamie Gillan / UAPB / $498,333
  23. Da’Lance Turner / Alcorn State / $268,235

HBCU Money™ Presents: The George W. Carver 2017’s Top 20 HBCU Research Institutions


Dr. George Washington Carver (January 5, 1864-January 5, 1943) was an American scientist, botanist, educator, and inventor. Carver is best known for his research into alternative crops to cotton, such as peanuts, soybeans, and sweet potatoes. He wanted poor farmers to grow these alternative crops to aid in the nutrition of farm families and to provide another source of cash income to improve the farmer’s quality of life. Dr. Carver is shown at work at Tuskegee University in September 1938. Photo Courtesy National Archives and Records Administration. r

HBCUs continue to go backwards in the research field according to the latest National Science Foundation data. In 2015, research expenditures for the top 20 HBCUs combined for $425.7 million, while 2017 combines for $424.7 million. Over the past five years, HBCU research expenditures have dropped almost 4.7 percent or a loss of $20.7 million.

  • The top ranked HBCU, Howard University, ranked 203rd and the twentieth ranked HBCU, Virginia State University, ranked 325th among America’s college research landscape.
  • The MEAC maintains their dominance with eight schools versus the SWAC’s four.
  • Division II/III schools also comprise four schools on the list.
  • 1890 HBCUs, land-grant universities, dominate the top twenty with eleven of the top HBCU research universities.
  • All HBCUs combined account for $537.8 million in research expenditures. There are 45 PWI/HWCUs who have research budgets above this amount individually.

Rank. HBCU. Previous Year In Parentheses.

  1. Howard University – $45.8 million ($41.0 million)
  2. Florida A&M University – $37.6 million ($45.4 million)
  3. N.C. A&T State Univ. – $37.4 million ($33.8 million)
  4. Morehouse School of Medicine – $36.9 million ($38.8 million)
  5. Alabama A&M University – $31.7 million ($30.3 million)
  6. Jackson State University – $22.8 million ($23.8 million)
  7. Delaware State University – $20.8 million ($21.3 million)
  8. Tennessee State University – $18.1 million ($19.5 million)
  9. Meharry Medical College – $16.8 million ($14.8 million)
  10. Tuskegee University – $16.5 million ($16.5 million)
  11. Hampton University – $16.6 million ($14.2 million)
  12. Alcorn State University – $16.1 million ($8.2 million)
  13. Charles R. Drew University – $15.7 million ($13.4 million)
  14. Morgan State University – $15.0 million ($15.7 million)
  15. S.C. State University – $14.3 million ($13.1 million)
  16. N.C. Central University – $14.1 million ($12.5 million)
  17. Prairie View A&M University – $14.0 million ($12.6 million)
  18. Xavier University of LA. – $12.4 million ($12.1 million)
  19. Langston University – $11.5 million ($11.2 million)
  20. Virginia State University – $10.8 million ($8.1 million)

TOP 20 COMBINED TOTAL: $424.7 million ($425.7 million)

Additional Notes:

The HWCU-HBCU gap for research among top 20 research institutions is $53:1

Top 20 HWCUs Combined: $22.7 billion ($23.2 billion)

Top 20 Average HWCU – $1.2 billion

Top 20 Average HBCU – $21.2 million

Top 20 Median HWCU – $1.1 billion

Top 20 Median HBCU – $16.5 million

Source: National Science Foundation

Donate To Every School In The SWAC/MEAC Challenge


How many HBCUs have you donated money too? Below are the jump pages for every SWAC/MEAC school and/or foundation’s giving page. We challenge HBCU alumni to give to their own and as many HBCUs as possible.

There are 21 HBCUs between the SWAC/MEAC. That means there are 21 opportunities to give that stretch from Texas to Maryland and impact the institutional opportunities of tens of thousands of African American students, their families, and our communities. How many will you impact?

Alabama A&M University Give now

Alabama A&M University Foundation

 

Alabama State University give now

Alabama state university foundation

 

alcorn state university give now

alcorn state university foundation

 

University of Arkansas Pine Bluff give now

 

Bethune Cookman University Give Now

Mary McLeod Bethune Foundation

 

coppin state university give now

CSU Development Foundation

 

Delaware State University give now

Delaware state university foundation

 

florida a&m university give now

Florida A&M University Foundation

 

Grambling State University Give Now

Grambling University Foundation

 

Howard University Give Now

 

Jackson State University Give Now

Jackson State Development Foundation

 

University of Maryland Eastern Shore Give Now

 

Mississippi Valley State University Give Now

Mississippi Valley State University Foundation

 

Morgan State University Give Now

Morgan State University Foundation

 

Norfolk State University Give Now

NSU Foundation

 

North Carolina A&T State University Give Now

North Carolina A&T Real Estate Foundation

 

North Carolina Central University Give Now

NCCU Foundation

 

Prairie View A&M University Give Now

Prairie View A&M Foundation

 

South Carolina State University Give now

South Carolina State University Foundation

 

Southern University and A&M College Give Now

Southern University System Foundation

 

Texas Southern University Give Now

 

 

 

 

 

 

 

 

 

 

 

HBCU Money’s 2018 Top 10 HBCU Endowments


The past 365 days for HBCU endowments has seen a lot of press, mainly led by Bennett College’s #StandWithBennett campaign as the school is embattled and was raising money to retain its accreditation and keep the doors open. A constant reminder of the fragility of HBCUs and their financial uncertainty. Economic conditions in the United States have made overall growth in higher education tempered and with it HBCU endowments have been a mixed bag. While the top ten HBCU endowments have five endowments that beat the median increase in endowment market value, only two endowments beat the national average. In comparison the top ten PWI endowments had eight endowments beat the national median average and seven of the ten exceeding the national average.

Over the past 12 months, the top ten HBCU endowments have increased their market value by $134.5 million or an increase of 7.4 percent over last year. There is plenty of argument that HBCUs should not be compared to the largest PWI endowments in behavior and instead to schools that are comparable in their size and scope. This is certainly a valid argument, but at a time when there are more PWIs with $1 billion plus endowments than there are HBCUs, it maybe hard to continue to lean on such an argument. The reason being is that higher education in general is experiencing and going to continue to consolidation and contraction with education alternatives entering the market. Smaller colleges and HBCUs are going to have to be over capitalized and nimble in order to shift to changing market demands and conditions. At the moment, over 90 percent of HBCUs do not have even $100 million endowments leaving them highly vulnerable as we have seen with the closure of a number of HBCUs in recent years and more than just Bennett in current crisis.

This year we included more than just the top ten, but all HBCUs who reported to NACUBO, which is the reporting endowment organization we use to keep our reporting date uniformed.

All values are in millions ($000)

1. Howard University – $688,562 (6.5%)

2. Spelman College – $389,207 (6.3%)

3.  Hampton University – $285,345 (2.2%)

4.  Meharry Medical College – $159,908 (4.1%)

5.  Morehouse College – $145,139 (2.6%)

6.  North Carolina A&T State University  – $63,827 (14.9%)

7.  University of the Virgin Islands – $61,491 (10.7%)

8.  Tennessee State University – $58,697 (5.1%)

9.  Texas Southern University – $58,158 (7.4%)

10.  Virginia State University – $54,479 (6.6%)

OTHERS REPORTING:

Take a look at how an endowment works. Not only scholarships to reduce the student debt burden but research, recruiting talented faculty & students, faculty salaries, and a host of other things can be paid for through a strong endowment. It ultimately is the lifeblood of a college or university to ensure its success generation after generation.

*Note: The change in market value does NOT represent the rate of return for the institution’s investments. Rather, the change in the market value of an endowment from FY2016 to FY2017 reflects the net impact of: 1) withdrawals to fund institutional operations and capital expenses; 2) the payment of endowment management and investment fees; 3) additions from donor gifts and other contributions; and 4) investment gains or losses.