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Houston Super Trainer & HBCU Advocate Marcus Walker Discusses Fitness, Entrepreneurship, And His Staunch Support For HBCUs


To keep the body in good health is a duty…otherwise we shall not be able to keep our mind strong and clear. – Buddha

Recent years have seen a boom in the fitness industry among those 40 and under. A desire to be fit, not develop dad bods, and live active lifestyles has seen small gyms popping up all over the country, especially in urban centers. Looking at the numbers of the fitness industry that seems to be just scratching the surface it is not hard to understand the lure for entrepreneurs and investors. According to Statista, “The global fitness and health club industry generates more than 80 billion U.S. dollars in revenue per year. The North American market had an estimated size of more than 28 billion U.S. dollars in 2015, of which 90 percent, around 25.8 billion U.S. dollars, was attributable to the United States. The U.S. is the single biggest market worldwide not only in terms of revenue but in regards to the number of members in health & fitness clubs as well.” This booming industry seems to be just scratching the surface as people’s desire to live longer and more quality lives becomes more and more a societal norm and value. HBCU Money caught up with Marcus Walker, one of Houston, Texas’ premier trainers, who we caught up with in between sessions to talk fitness, the business side, and why he supports HBCUs despite having not attended one.

How can small businesses integrate fitness into their business to ensure they have healthier and productive employees? They can partner with a local trainer to see if they have a plan that would help make the owner and workers aware of living a healthier life. It is no secret that healthy employees call out of work less, work more efficiently, and overall are more productive. From a bottom line perspective alone it is worth small businesses who have to watch every dime to be invested in employees who are healthy and fit.

A second aspect is engaging their customers as well. They could partner with a trainer and run specials for customers who shop with their business. The latter part shows that they care not only about their customers’ business, but their well being. Be more than just a business in the community, be a community partner.

If you could meet with the mayor, governor, or president, what would be your advice on how government can help its citizens achieve healthier lifestyles? I would start by showing them the effects that fast food have on people. Obviously in a city like Houston that is geographically very spread out and has a heavy reliance on cars there is a tendency toward less activity and unhealthy eating as we spend a good deal of our days driving. I would suggest that they create a program focusing on providing favorable small business loans for vegan, gluten-free, and clean eating businesses so that we could have healthier options. The fresher the food, the better it is for you. Replacing those late night fast food chains with healthy options would be a great start.

There are a lot of different avenues to be an entrepreneur within the fitness industry. Where are some areas you feel African Americans are underrepresented or over looking that has opportunity in the industry? We are definitely underrepresented in owning gyms. There are a lot of African American trainers, but not a lot of gym owners. It’s not easy to run a gym, but its doable. It requires hard work, being hands on, and providing an atmosphere that people feel great about being committed too.

How is technology impacting the world of fitness for gyms and trainers? Technology is making gym and training experiences better for all. As a trainer you are allowed the opportunity to train people all over the world by training online. It also has made it possible to make sure clients and gym members keep correct form on certain machines that guide you in the right direction to ensure they are truly maximizing workout efforts. For trainers, it has helped keep their small business running smoothly by offering different apps that do everything from keeping up with clients to filing taxes correctly.

Despite typically being a more active time, health issues like obesity and the like are on the rise at HBCU campuses. A few years ago, Spelman College scrapped its entire athletic program in favor of a campus wise holistic wellness program for all students and Paul Quinn College eliminated pork from its cafeterias. What are some other opportunities you believe HBCUs can help their students be healthy while in college and after? They could offer free seminars on meal prepping, portion control, alternate healthier late night snacks, and drive home the importance of brain food. I also feel like an elective should be required just to bring awareness to being healthy. These students are often returning to family and communities that they can help impart that knowledge on, so it is vital that we give them the information needed.

In closing, you did not attend an HBCU, but have been a staunch advocate over the years. What brought this on and what message would you give to other African Americans who did not attend HBCUs about supporting them? I didn’t attend an HBCU as you said, but as I began to dig deep into our history, I found the importance of HBCUs. I would tell any African Americans to do their best to promote, support, and give to HBCUs. We are some amazing people and we need to support our own. We are all we have.

You can find Marcus Walker training at Houston Muscleheadz Gym. Also follow him on Instagram @MWalker357 to see his Temple Building process.

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HBCU Money’s 2017 Top 10 HBCU Endowments


HBCU endowments after a sluggish few years have bounced back with a spring in their step. Half of this year’s list has double digit gains in their endowment’s market value, which is the best showing since 2014. There are certainly some strong arguments of what has led to this turnaround in the past 365 days. One thing for sure is the strong stock market helped all universities and colleges in increased values. There has also been a renewed interest HBCU engagement among the African American community in general with increased admissions and donations across many HBCU institutions. This always bodes well for future endowments given that much of alumni giving is a numbers game. With the economy by many estimates on growing yet shaky ground, future market value growth for HBCU endowments may rest even more so in the pockets of alumni to steady the ship when rough waters approach so that will be something to keep an eye on.

We can only hope that Howard University (despite this year’s absence) is creeping towards the billion dollar endowment mark because the gap between the Top 10 HWCU/PWI endowments and the Top 10 HBCU/PBI endowments seems to only balloon year after year, with the gap increasing from an approximately $140 billion in 2010 to the current almost $200 billion. A gap that for perspective is twice as much as the world’s richest man, Jeff Bezos, entire net worth. As it stands now, there are 100 HWCU/PWIs with a billion dollar endowment or greater and 10 with a market value of $10 billion and greater.

Although they are far from the Top 10, Texas College continues to impress with their endowment’s market value growth, placing 9th out of the 818 colleges and universities that reported to this year’s NACUBO survey with 33.8 percent growth. Whatever is going on in Tyler, Texas, we encourage others to take note.

1. Howard University – Unreported**

2. Spelman College – $366 056 (5.5%)

3.  Hampton University – $279 093 (10.0%)

4.  Meharry Medical College – $153 653 (7.7%)

5. Florida A&M University – $113 000 (-0.1%)

6.  Tennessee State University – $55 840 (11.1%)

7.  University of the Virgin Islands – $55 549 (1.1%)

8.  North Carolina A&T State University  – $55 231 (14.9%)

9.  Texas Southern University – $54 171 (12.5%)

10. Virginia State University – $51 122 (11.6%)

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.

**Howard University did not report their endowment, but has been ranked number one since our list began. As such, we acknowledge the high probability that they remain as such.

Additional Notes:
NACUBO Average Endowment – $704 527 (8.9%)
NACUBO Median Endowment – $130 963 (6.0%)
Top 10 HWCU Endowments combined – $198.4 billion                                        Top 10 HBCU Endowments combined – $1.9 billion

Source: National Association of College & University Business Officers

2016’s Million Dollar Donations Come Roaring Back For PWIs, But For HBCUs Not So Much


After a timid 2015 where colleges and universities only saw 482 donations and pledges over $1 million, this was the first time since 2012 that less than 500 such donations had been made, donors came roaring back in 2016 with the largest amount of $1 million or more donations ever with 567 such donations and pledges according to The Center of Philanthropy. However, a rising tide does not always lift all boats as HBCUs witnessed. After a banner year in 2014 of nine gifts of $1 million or more that totaled $20.5 million, HBCUs only saw four in 2015 for a total of $7 million. The 2016 numbers are a bit better than the prior year, but not by much.

HBCUs in 2016 received five donations of $1 million or more for a total of $10.5 million. The leading donation comes from Calvin and Tina Tyler (pictured above with Morgan president David Wilson), who gave $5 million to Morgan State University to endow a scholarship for incoming freshmen from the Baltimore area. A gift that should help increase Morgan State’s ability to compete and keep the talent in their backyard at home.

The arms race that is fundraising continues to be an uphill battle for HBCUs who are dealing with a significantly smaller alumni base due to desegregation’s impact a generation ago. African America’s abandonment of most of their own institutional ownership has seen a starvation of institutions that were built to serve African America’s interest almost to the point of extinction. Whether or not a new awakening is on the horizon is more hopeful than optimistic.

To note, Morgan State University becomes the first HBCU since we began tracking in 2013 to appear more than once.

1. Calvin & Tina Tyler – $5 Million
Recipient: Morgan State University
Source of Wealth: UPS

2. James & Marilyn Simons – $2.5 Million*
Recipient: Morehouse College
Source of Wealth: Finance

3. Leonard & Louise Riggio – $1 Million                                                        Recipient: Spelman College
Source of Wealth: Retail

4. Sean Combs – $1 Million*                                                                                    Recipient: Howard University
Source of Wealth: Entertainment

5. Joe Jr. & Kathy Sanderson – $1 Million
Recipient: Alcorn State University
Source of Wealth: Food & Beverage

*Pledge

Source: The Center for Philanthropy

 

HBCU Money’s 2016 Top 10 HBCU Endowments


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2016 was a rough year for the world, it was even afforded a scary movie trailer, and top ten HBCU endowments were not spared the carnage. Eight out of the top ten HBCU endowments saw negative changes in their market value. The only two to be spared the rod were Meharry Medical College and rising supernova, University of Virgin Islands, who not only led all HBCUs in market value percentage increase, but was second among all American and Canadian institutions reporting in that category. Howard University continues to hold the number one spot and sheer inertia could carry it onto becoming the first billion dollar HBCU endowment. However, after being the star of the top ten last year, Howard finds itself the dog of the show this year with the worst market value percentage performance.

Since breaking into the top ten a few years ago, University of Virgin Islands continues its ascension up the ranks. It is clear they have the special sauce in the islands and if the winds continue in their favor, then the school in Nassau could give HBCUs its sixth endowment over $100 million in short order. Another notable endowment, Texas College with an endowment of only $3.2 million, did see the second highest market change percentage of HBCUs at 6.8 percent.

After a notable absence last year, Florida A&M University, has returned to the list and takes its place as HBCU nation’s fifth endowment over $100 million. This in comparison to 93 of the 799 HWCUs reporting with endowments over the $1 billion mark. Reminding us there is a long way to go before institutional economic equality is achieved.

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 – $685 775  (-8.5%)

2. Spelman College – $346 789 (-4.5%)

3.  Hampton University – $253 814 (-3.6%)

4.  Meharry Medical College – $142 703 (2.6%)

5. Florida A&M University – $113 117 (N/A)

6.  University of the Virgin Islands – $54 968 (60.4%)

7.  Tennessee State University – $50 246 (-2.3%)

8.  Texas Southern University – $48 163 (-1.1%)

9.  North Carolina A&T State University  – $48 074 (-0.1%)

10. . Virginia State University – $45 812 (-3.4%)

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.

endowment-works-1

*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 FY2015 to FY2016 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.

** Notable exclusions to the list that HBCU Money believes would otherwise make the top ten are Morehouse College, Tuskegee University, and Dillard University. These HBCUs have never reported their endowment to NACUBO in the time HBCU Money has been recording its annual top ten endowments.

Additional Notes:
NACUBO Average Endowment – $640 737 (-2.9%)
NACUBO Median Endowment – $120 330 (-1.3%)
Top 10 HWCU Endowments combined – $182.5 billion
Source: National Association of College & University Business Officers

HBCU Money’s 2015 Top 10 HBCU Endowments


 

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The keyword for  2015’s HBCU endowments – concerning. Two bellwether HBCU endowments, Spelman College and Hampton University, saw negative declines in their endowment’s market value. Outside of Howard University storming ahead at 11.7 percent, no other HBCU endowment saw double digit gains with North Carolina A&T State University missing the mark by 10 basis points. This is a far cry from 2014’s list when 9 out of 10 reported double digit gains. If there is any solace in the numbers and there is not much, it is that the top ten endowments of our HWCU counterparts had no endowments return double digit gains and also saw 2 out of their 10 with declines in market value.

Although there are some notable absences** from our top ten list, it certainly would not change the reality that still only three HBCUs have endowments above the $200 million mark and none have reached the $1 billion plateau, although Howard University, despite its noted financial issues seems to be headed there unabated and without much competition from Spelman College or Hampton University, the only real challengers. John Wilson, president at Morehouse College, in an interview with Harvard Magazine in 2013 noted, “is the need to build endowments; less than $200 million makes you, by definition, unhealthy.” This still remains the case and as a baseline means that 97 percent of all HBCUs are financially unhealthy. Even more concerning is that there seems to be no real plan in place to address this. A canary in the coal mine though is that donations of $1 million or more to HBCUs jumped from one in 2013 to nine in 2014, but donations of the eight and nine figure variety, also known as transformative donations, are still absent at HBCUs.

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 – $659 639 (11.7%)

2. Spelman College – $362 986 (-1.1%)

3. Hampton University – $263 237 (-8.7%)

4. Meharry Medical College – $139 054 (1.5%)

5. Tennessee State University – $51 416 (1.8%)

6. Texas Southern University – $48 684 (4.5%)

7. Virginia State University – $47 432 (4.9%)

8. North Carolina A&T State University – $48 100 (9.9%)

9. Winston-Salem State University – $37 219 (8.5%)

10. University of the Virgin Islands – $34 274 (-9.0%)

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.

endowment-works-1

*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.

** Notable exclusions to the list that HBCU Money believes would otherwise make the top ten are Morehouse College, Tuskegee University, Dillard University, and Florida A&M University. Morehouse College, Tuskegee University, and Dillard University have never reported their endowment to NACUBO in the time HBCU Money has been recording its annual top ten endowments. Florida A&M University who was number five last year did not appear in this year’s list from NACUBO.

Additional Notes:
NACUBO Average Endowment – $648 074 (1.7%)
NACUBO Median Endowment – $115 828 (-0.9%)
Top 10 HWCU Endowments combined – $185.4 billion
Source: National Association of College & University Business Officers