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HBCU Money™ Presents: 2018’s HBCU Alumni NFL Players’ & Salaries


In our 5th annual installment of tracking the earnings of HBCU alumni who are NFL players, the University of Arkansas-Pine Bluff’s Terron Armstead takes the crown.

HBCU Money™ FACTS:

  • HBCU NFL players combine for $38.7 million, an almost 32 percent decline from our last list in 2016, when HBCU NFL players earned $56.4 million.
  • South Carolina State University leads the way with 4 NFL players.
  • 16 HBCUs are represented in the NFL. Up from 15 in 2016.
  • Average salary for HBCU NFL players is $1.8 million, a sharp decrease from $2.1 million in 2016.
  • Median salary for HBCU NFL players is $630,000, down 35 percent from 2016.
  • HBCU players account for 1.3 percent of the NFL’s 32 team active roster spots.
  1. Terron Armstead /University Arkansas-Pine Bluff / Saints / $10.3 million
  2. Antoine Bethea / Howard University / Cardinals / $4.48 million
  3. William Hayes / Winston-Salem State University / Dolphins / $4.05 million
  4. Isaiah Crowell / Alabama State University / Jets / $4 million
  5. Rafael Bush / South Carolina State University / Bills / $2 million
  6. Joe Thomas / South Carolina Sate University / Cowboys / $1.575 million
  7. Brandon Parker / North Carolina A&T State Univ. / Raiders / $1.538 million
  8. Anthony Levine / Tennessee State University / Ravens / $1.4 million
  9. Rodney Gunter / Delaware State University / Cardinals / $705,000
  10. Javon Hargrave / South Carolina State Univ. / Steelers / $691,000
  11. Antonio Hamilton / South Carolina State University / Giants / $630,000 (Tied)
  12. Chester Rogers / Grambling State University / Colts / $630,000 (Tied)
  13. Ryan Smith / North Carolina Central University / Buccaneers / $630,000 (Tied)
  14. Trenton Cannon / Virginia State University / Jets / $619,224
  15. Chad Williams / Grambling State University / Cardinals / $581,500
  16. Tarik Cohen / North Carolina A&T State Univ. / Bears / $555,000 (Tied)
  17. Tony McRae / North Carolina A&T State Univ. / Bengals / $555,000 (Tied)
  18. Michael Ola / Hampton University / Saints / $511,181
  19. Danny Johnson / Southern University / Redskins / $490,000
  20. Trent Scott / Grambling State University / Chargers / $451,674
  21. KhaDarel Hodge / Prairie View A&M University / Rams / $423,529
  22. Jawill Davis / Bethune-Cookman University / Giants / $395,294
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Locked Out: HBCUs Only Receive 3 Of The 460 Donations Of $1 Million Plus To Colleges In 2017


If charity is any economic indicator, then wealthy donors have retrenched their nervousness about the economy as a whole. Two years ago, $1 million dollar plus donations to colleges and universities were under 500 such charitable gifts for the first time since 2012. Last year, that was reversed to almost 600, but the reversal was not to be sustained in 2017 where once again less than 500 donations – only 460 to be exact were of the $1 million dollar plus variety to colleges and universities. The largest donation made its way to UC-San Francisco to the tune of $500 million by the Hellen Miller Foundation whose source of wealth stems from real estate. For perspective, this donation is an amount equal to twenty-five percent of all HBCU endowments combined.

For HBCUs, the trend has been a constant struggle to get back to 2014 when nine such donations were made to our institutions. Since that time, not more than five have occurred in a given year in the past three years and this year marks the lowest number with only three donations of $1 million plus. That HBCUs can not even garner three percent (the number that HBCUs represent as a total of all American colleges and universities) marks a continued challenge in the financial arms race that is happening among higher education institutions as the shifting landscape of the 21st century unfolds. Without the transformative donations, HBCUs remain reliant on tuition revenue and at risk in competing for talent both among faculty, students, research, and infrastructure. What is the solution to this philanthropic Rubik Cube? As with most problems, there is more than one solution, but there is no doubt those solutions need to come fast and soon.

If you need perspective on just how large the gap is between the largest donations to HWCU/PWIs and HBCUs is – the top three PWI donations totaled $969 million. In contrast, HBCUs top three donations totaled $3.7 million, an amount that is 262 times less.

1. Orlando L. Clark (pictured above) – $1.59 Million
Recipient: Tuskegee University
Source of Wealth: Health care

2. Antonio Clayton – $1.1 Million
Recipient: Southern U. System Foundation
Source of Wealth: Law

3. George & Jill Hamilton – $1 Million                                                        Recipient: North Carolina Central University
Source of Wealth: Chemicals

Source: The Center for Philanthropy

 

HBCU Money™ Presents: The George W. Carver 2015’s Top 20 HBCU Research Institutions


HBCUs continue to go backwards in the research field according to the latest National Science Foundation data. In 2014, research expenditures for the top 20 HBCUs combined for $445.4 million, while 2015 combines for $425.7 million. This represents a 4.4 percent drop year over year and 5.5 percent drop from two years ago.

  • The top ranked HBCU is Howard University at 197 and the twentieth ranked Xavier University of Louisiana is listed at 326 in America’s college research landscape.
  • MEAC maintains the way with eight schools versus the SWAC dropping to three after Alcorn State University gave way to XUL.
  • Division II/III schools also comprise four schools on the list, an increase from two in 2014.
  • 1890 HBCUs, land-grant universities, make up for seven of the twenty top HBCU research universities.

Rank. HBCU. Previous Year In Parentheses.

  1. Howard University – $47.3 million ($40.7M)
  2. Florida A&M University – $46.5 million ($46.4M)
  3. North Carolina A&T State Univ. – $35.2 million ($35.0M)
  4. Morehouse School of Medicine – $33.4 million ($41.9M)
  5. Alabama A&M University – $29.2 million ($29.5M)
  6. Tuskegee University – $25.7 million ($24.9M)
  7. Jackson State University – $23.9 million ($26.6M)
  8. University of the Virgin Islands – $20.6 million ($20.4M)
  9. Tennessee State University – $20.0 million ($20.1M)
  10. Delaware State University – $16.0 million ($17.7M)
  11. Hampton University – $14.9 million ($11.2M)
  12. Charles Drew University of Medicine – $14.1 million ($20.7M)
  13. Meharry Medical College – $14.0 million ($19.0M)
  14. Fayetteville State University – $13.7 million ($14.7M)
  15. Morgan State University – $13.6 million ($15.7M)
  16. Prairie View A&M University – $13.1 million ($12.3M)
  17. South Carolina State University – $12.6 million ($12.7M)
  18. North Carolina Central University – $12.4 million ($11.5M)
  19. Clark Atlanta University – $9.9 million ($9.2M)
  20. Xavier University of LA. – $9.6 million ($9.3M)

TOP 20 COMBINED TOTAL: $425.7 million ($445.4 million)

Additional Notes

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

Top 20 HWCUs Combined: $21.1 billion ($23.2 billion)

Top 20 Average HWCU – $1.1 billion vs. Top 20 Average HBCU – $21.3 million

Top 20 Median HWCUs – $990 million vs. Top 20 Median HBCU – $15.5 million

Source: National Science Foundation

From HBCU To Bank CEO: 4 HBCU Alums Help Lead America’s Black Bank Revival


“If your actions inspire others to dream more, learn more, do more and become more, you are a leader.” – John Quincy Adams

What good is a pipeline if it is not used, promoted, strengthened? Going to an HBCU or graduating from is not the beginning or ending of the African American ecosystem, but it is a key part of it. Unfortunately, the data shows that African American intellect and labor (even HBCU graduates) are primarily being used to build up firms owned by other communities. Recent data from the US Census shows that it is likely that less than one percent of African Americans work for an African American owned firm. It stands to reason that the subdata for HBCU graduates working for an African American firm is likely to parallel.

If HBCU business schools are not being trained to run African American firms and the unique path that they face, then what is the point of having them? Goldman Sachs, J.P. Morgan Chase, Bank of America, and Citigroup all have CEOs that attended PWIs (shocker) and even more to the point, attended Ivy League colleges. It would be fair to say that of the almost 7,000 banking institutions in the United States, if you were to subtract out the African American owned banks, that 75 percent of those banks would not be being run by those who went to HBCUs. However, that is exactly what is happening in the African American banking and private sector in general. The vast majority of our institutions operating in isolation, not in conjunction with each other. HBCUs are not banking with, training for, or encouraging their graduates in choir with African American banks and private sector so therefore the institutional leadership at most of our financial institutions and private firms is using a playbook not tailored to our needs.

However, there does appear to some change on the horizon. OneUnited Bank, headquartered in Boston, Massachusetts, and headed by one of the most powerful women in banking Teri Williams, although not an HBCU alum herself is showing herself to be a strong HBCU advocate, and the bank has two HBCUs banking with them in Roxbury Community College (MA) and Florida Memorial University (FL). Something that should lead to many future opportunities for graduates of the two institutions in the future both through internships and employment creating a future pipeline for more HBCU graduates to head up African American owned  firms. So who are the HBCU graduates sitting in African American owned banks c-suites helping lead the current #BankBlack revival that has seen millions of dollars in deposits over the past year?

Dr. Deborah A. Cole; Tennessee State University

As the president of Citizens Bank, headquartered in Nashville, Tennessee and noted as the oldest African American bank still in operation, Dr. Cole has led an impressive increase in the bank’s balance sheet with assets increasing 5.6 percent over 2016, third among the 20 AAOBs.

Ms. Jacquitta Powell Green; Alabama A&M University

A dual role, Ms. Green as she heads up Mobile, Alabama’s Commonwealth National Bank as CEO and Chairwoman of CNB Bancorp, the bank’s holding company. “Mrs. Green is the Vice President of Northside Exchange, which has offered financial services to the unbanked and underserved of the Mobile area for more than 30 years. In 2001, a national tax preparation franchise extended her an offer, and she established Envision Enterprises to offer unbiased and honest tax preparation services.”

Mr. James A. Sills, III; Morehouse College

Mr. Sills heads up one of the most prominent and well known brands among African American owned banks, Mechanics & Farmers’ Bank in North Carolina. The bank has changed its name to M&F Bank a few years ago in an effort to rebrand and attract a young demographic. “Prior to starting his own company in 2007, Mr. Sills was an Executive Vice President of MBNA America Bank (now Bank of America), the largest credit card institution in the world. In this capacity, he served as the Director of Corporate Technology Solutions for the $80 billion US Card Division.”

Ms. Evelyn F. Smalls; North Carolina Central University

Lastly, Ms. Smalls is the President and CEO of United Bank of Philadelphia. The only HBCU graduate heading up a bank outside of the South. “With over 30 years experience in banking and community development, Mrs. Smalls is responsible for the leadership and management of the Bank including setting the direction of the organization, communicating its vision and adapting the culture and operations to achieve success. Her leadership helped transform the Bank’s strategic focus into a “Business Bank” to ensure small businesses have access to affordable loans through the SBA 7A program.”

 

HBCU Money™ Presents: The George W. Carver 2014’s Top 20 HBCU Research Institutions


gwcarverlabjpg-3550550efe9ad5fa

In an ode to the greatest HBCU scientist, we have now named our top HBCU research institution list for George Washington Carver.

HBCUs appear to have taken another step back in the research field according to the latest National Science Foundation data. In 2013, research expenditures for the top 20 HBCUs combined for $451.4 million, while 2014 combines for $445.4 million. This represents a 1.34 percent drop year over year and 2.13 percent drop from two years ago.

  • The top ranked HBCU is Florida A&M University at 199 and the twentieth ranked Alcorn State University is listed at 314 in America’s college research landscape.
  • MEAC leads the way with eight schools versus the SWAC with four.
  • Division II/III schools also comprise two 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 – $41.37 million
  2. Morehouse School of Medicine – $41.86 million
  3. Howard University – $40.77 million
  4. North Carolina A&T State University – $35.05 million
  5. Alabama A&M University – $32.91 million
  6. Jackson State University – $$26.61 million
  7. Tuskegee University – $24.95 million
  8. Charles Drew University of Medicine – $20.69 million
  9. University of Virgin Islands – $20.37 million
  10. Tennessee State University – $20.07 million
  11. Meharry Medical College – $19.00 million
  12. Delaware State University – $17.68 million
  13. Morgan State University – $15.72 million
  14. Fayetteville State University – $14.73 million
  15. South Carolina State University – $13.15 million
  16. Prairie View A&M University – $12.29 million
  17. North Carolina Central University – $11.54 million
  18. Hampton University – $11.17 million
  19. Southern University and A&M College – $10.42 million
  20. Alcorn State University – $10.06 million

TOP 20 COMBINED TOTAL: $445.4 million ($451.4 million)

Additional Notes

The HWCU-HBCU gap for research among top 20 research institutions is 52:1, an increase from 2013’s 50:1.

Top 20 HWCUs Combined: $23.2 billion ($22.5 billion)

Top 20 Average HWCU – $1.1 billion vs. Top 20 Average HBCU – $22.3 million

Top 20 Median HWCUs – $948 million vs. Top 20 Median HBCU – $19.5 million

Source: National Science Foundation