Tag Archives: north carolina a&t state university

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

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

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

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

Additional Notes

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

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

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

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

Source: National Science Foundation

HBCU Money’s 2014 Top 10 HBCU Endowments

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

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

As always if you do not see your HBCU in the top 10 – DONATE!

Endowment in millions $000 (Change in Market Value*)

1. Howard University – $586 104 (14.0%)

2. Spelman College – $367 037 (12.2%)

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

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

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

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

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

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

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

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

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

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*Note: The change in market value does NOT represent the rate of return for the institution’s investments. Rather, the change in the market value of an endowment from FY2013 to FY2014 reflects the net impact of: 1) withdrawals to fund institutional operations and capital expenses; 2) the payment of endowment management and investment fees; 3) additions from donor gifts and other contributions; and 4) investment gains or losses.

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

The HBCUpreneur Corner – North Carolina A&T’s Asaad Thorne & Urban Argyle, LLC

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Name: Mr. Asaad Thorne

Alma Mater: North Carolina A&T State University

Business Name & Description: Urban Argyle, LLC. We use clothing as a innovative means to create socially conscious statements.

What year did you found your company? January of 2009

What was the most exciting and/or fearful moment during your HBCUpreneur career? The most exciting moments were my first time launching a blog and online store. Oh, and also seeing something I created on national television. The most fearful moments come ironically when I get closer to my goals. It’s scary sometimes when you’re about to get something you’ve been working for.

What made you want to start your own company? I wanted to start my own company because I wanted to create and develop something that was at one time just completely an idea. The fact that something as small as a thought can undoubtedly become a reality (no matter what) is crazy to me. To me, entrepreneurship is truly the strongest way to create anything there is you’d like to create.

Who was the most influential person/people for you during your time in college? The most influential people to me was a close friend who was also SGA President at the time who consistently broke barriers. Terrence J is a huge inspiration to me because our backgrounds are similar with high school, college, and NCA&T SGA. Lastly would be my two very close friends Adrianne Stevens (pictured below) and Alexandria Pierce. During a hard time they let me live with them and monopolize their laptops to actually create my business. They believed in me when I didn’t believe in myself and were the reason I could start a business eventhough I was a homeless student with no internet. They were murdered two years ago but I always make it a point when I feel tired or lazy to honor the faith they had in me.

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How do you handle complex problems? The worst thing you can do is shut down. I start with reminding myself that this situation is going to be here whether I choose to deal with it now or later. Then if it’s really bad I consider the worst way it could potentially turn out and accept it. Then, I think of the best potential way it could turn out and make it my reality. Then it’s just a matter of breaking it down to simpler parts until it starts to make sense.

What is something you wish you had known prior to starting your company? I wish that I’d known that there is no secret formula to running a business. Every “best” business practice can be challenged and proven to be a “worst” business practice. I spent a lot of time looking for the “secret” to entrepreneurship but it’s nothing more than staying committed to a purpose until it’s sought through. There is no way possible to know exactly the twists, turns, and opportunities that come your way so it’s best to make a couple broad, short-term goals and many, many, many small and basic short term goals as you go along.

What do you believe HBCUs can do to spur more innovation and entrepreneurship while their students are in school either as undergraduate or graduate students? I believe that internships with alumni who are entrepreneurs would be genius. In the fashion industry, there are many unpaid interns who pay their dues as a means of respect to grow. If HBCUs could mirror this concept, alumni would have access to more resources in support and undergrads would get experience so both would grow. Experience is the only way to grow in entrepreneurship because it is more competitive than any other field.

How do you deal with rejection? I find another way. One of the first things you have to understand is that business is not a game and it’s not personal. It’s business. If you haven’t been rejected then you haven’t done anything. In fact entrepreneurship is all about finding a “way around the no’s”.

When you have down time how do you like to spend it? Trying to shut my brain down. It’s hard not to think or work on things sometimes but you also don’t want to burn out. It all depends on working styles. Sometimes I lock myself away for a little while, maybe a weekend and just work. But if I do I make sure to take a few days off after. Life would be great if I could spread my productivity a little more evenly but I haven’t mastered that yet.

What was your most memorable HBCU memory? I organized a commemorative march using clothing to fund raise for the International Civil Rights Museum in Greensboro, NC. Hundreds of people came and there was news coverage. That’s when I realized any idea is possible.

In leaving is there any advice you have for budding HBCUpreneurs? The best piece of advice I’ve been given by one of my mentors is to “Grow slowly”. Sometimes we want to do a million different things because we see the long term goal we want but growing extremely fast is almost always followed with falling completely fast. It takes time, dedication, and commitment to start to see lasting results. Think of it a seed planted. No matter if I water it 5 times a day or 50 times a day there’s still some growth that has to happen completely independent of my influence.

But most importantly, enjoy the small victories. Celebrate everything, it keeps the motivation going. Be able to say “Made a million dollars today!” with the same level of excitement as saying “Responded to an email! Woo!”

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Visit Urban Argyle’s flagship Proud Product at http://www.proudproduct.com or head straight to their store at http://proudhbcuproduct.bigcartel.com/  to see the latest offerings.

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