Tag Archives: southern university

Internet Services Startup Launched By Three HBCUpreneurs – Who Have Never Met


“Great things in business are never done by one person. They’re done by a team of people.” – Steve Jobs

It is a business story worthy of Hollywood. Mainly because it seems to be a storyline that you only find in movies. However, the story is very real and very powerful. Not only because of its potential, but also because of the possibilities that it presents. Three HBCUpreneurs from three different HBCUs start a business, but have never actually met each other in person. The power of the internet, the power of Twitter and most importantly, the power of the HBCU community.

The company, HBCU Real Estate, is an internet services company that seeks to help the HBCU community (but not limited too) find and use HBCU real estate service providers. Everything from real estate agents, mortgage brokers, interior designers, and more. The founders hope that it will even lead to business creation in the spaces of real estate that the HBCU community may have little to no presence. HBCU Money is aware of only one title company* owned by an HBCU alumnus. HBCU Real Estate’s mission is to help facilitate circulation of the HBCU community’s dollars and keep them in the HBCU community. If successful, it could potentially keep tens of billions of dollars within the HBCU community. The fact that none of the founders have ever met in person makes what they are trying to accomplish even more astounding.

For two years it sat on the proverbial shelf according to organizer, cofounder, and HBCU Real Estate’s Director of Product Development, William A. Foster, IV, a Livingstone College, Virginia State University, and Prairie View A&M University alumnus. “I am a multipreneur and have learned that more hands and brains on deck is almost always a good thing. I needed to meet and find the right people who could understand, compliment, add value, and who could see the potential just as much as I could. Also, I promised myself no more solo projects. When you are involved in as many businesses and organizations as I am, being able to spread the load is vital to success – and sanity.”

Enter Christen Turner, Spelman College and Southern University alumnus, and Marcus King, an alumnus of Prairie View A&M University, both HBCUpreneurs themselves. Ms. Turner, HBCU Real Estate’s Chief Technology Officer, also owns Janelle T. Designs, a graphic designs firm, as well as Forever Femme, an accessories company. Mr. King, HBCU Real Estate’s Chief Marketing Officer, owns Hardly Home, a clothing line that is catered towards travel that was featured on HBCU Money’s The HBCUpreneur Corner in 2015. What does it say to you (King) about the potential of collaboration for HBCUpreneurs that 5 different HBCUs are represented among the 3 cofounders? King answered, “The motto at my alma maters is that “PV produces productive people” and I think that can be said about HBCUs across the board. For years HBCUs have been producing top talent and should continue to do so as we seek to move forward and provide solutions to the problems our community faces.”

The three have followed each other on Twitter for years, although no one can remember for how long. It was towards the end of 2020 that Foster said he approached Turner and King about doing a collaboration or tweeted at them rather. “I sent out a tweet and tagged both of them saying that I need to cofound something with the two of them. Having watched them over the years I knew we would click and have the same kind of work ethic. I just needed to find out if they thought the idea had any legs. If it was not this, it was going to be something else.” The work ethic was confirmed when he said he got an email from Turner on Thanksgiving while he himself was working. Turner further drove the point home of the potential of the moment, “This business will be successful because of two reasons, respect and trust. Despite not having met in an ‘official’ capacity, our partnership seems to have a natural fit to it; almost like pieces of a puzzle. With William’s intuition, he was able to unknowingly add the right people to his team who would each be able to add something different. Whether from a professional standpoint or specific personality traits, we all came in with an immediate respect for each other’s talents and skills. This is why the business will be successful. There’s no questioning; there’s only action, openness, and honesty.” Usually in Hollywood the movie ends with and they lived happily ever after – The End, but in this case it is clear that this is just The Beginning.

For more information, visit http://www.hbcurealestate.com

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™ 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

HBCU Money™ Presents: 2016-2017’s Public HBCU Presidents By Salary/Compensation


HBCU Money’s second annual gathering of presidential salaries at the nation’s public HBCUs.

HIGHLIGHTS

  • The highest paid public HBCU presidents’ list is dominated by the SWAC/MEAC who comprise 10 of the 11 highest paid presidents with the MEAC leading the way with six.
  • America’s top 5 paid public university presidents’ compensation ($10.3 million) is more than five times greater than the top 5 paid public HBCU university presidents’ ($2.05 million) on our list.
  • 1890 HBCUs, land-grant institutions, comprise 5 out of the 9 HBCUs present.

Ray Belton Southern Univ. System – $452,000

Austin Lane – Texas Southern University – $437,800

David Wilson Morgan State University – $432,754

Harold Martin North Carolina A&T State Univ. – $380,210

Larry Robinson* Florida A&M University – $347,344

Glenda Baskin-Glover Tennessee State Univ. – $321,596

Mickey Burnim Bowie State University – $318,664

James Clark South Carolina State Univ. – $230,000

Roderick Paige* Jackson State University – $170,387

Elmira Mangum* Florida A&M University – $107,471

Carolyn Meyers* Jackson State University – $90,166

*Partial-year compensation

Source: The Chronicle of Higher Education

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