Ivy League schools received billions from top foundations. HBCUs got less than $50M
1 year, 7 months ago

Ivy League schools received billions from top foundations. HBCUs got less than $50M

Associated Press  

The average historically Black college and university received 178 times less funding from foundations than the average Ivy League school in 2019, according to a new report on the underfunding of HBCUs released Tuesday. The study -- conducted by the philanthropic research group Candid and ABFE, a nonprofit that advocates for investments in Black communities – found that the eight Ivy League schools received $5.5 billion from the 1,000 largest U.S. foundations compared to $45 million for the 99 HBCUs in 2019. “We were not surprised by the findings because philanthropy generally funds Black-led nonprofit organizations disproportionately less than other similarly situated organizations,” said Susan Taylor Batten, ABFE’s president and CEO. “So even though there has been greater funding, there are still greater needs.” In many ways, HBCUs and supporters like UNCF have been preparing for the recent increase in attention and support for decades, said Nadrea R. Njoku, director of UNCF’s Frederick D. Patterson Research Institute.

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History of this topic

Florida A&M, a dubious donor and $237M: The transformative HBCU gift that wasn’t what it seemed
6 months, 1 week ago

Florida A&M, a dubious donor and $237M: The transformative HBCU gift that wasn’t what it seemed

Associated Press  

NEW YORK — It would have been the largest-ever private gift to a historically Black college or university: $237 million — far beyond the recipient’s endowment. Kimberly Sue Abbott, a founding board member who told the AP that she was incorrectly listed as co-CEO, cast doubt on Gerami’s self-reported value of the shares and said Batterson Farms “is not farming …

US companies, nudged by Black employees, have stepped up donations to HBCUs
1 year, 6 months ago

US companies, nudged by Black employees, have stepped up donations to HBCUs

Associated Press  

Natalie Coles will never forget receiving an unexpected phone call in 2020. While giving to HBCUs has increased lately, better-known schools, such as large private and land-grant universities, have been more likely to receive donations compared with small schools, said Michael Lomax, CEO of the United Negro College Fund. It’s a lot to squeeze out of a half-million dollars, which …

Rales Foundation bets big on Carnegie Mellon STEM students
1 year, 10 months ago

Rales Foundation bets big on Carnegie Mellon STEM students

Associated Press  

Carnegie Mellon University and the Norman and Ruth Rales Foundation, named for a home-building supplies entrepreneur and his wife who built their fortune despite early struggles, hope a $150 million initiative will support a new generation of students trying to achieve that American dream. The foundation pledged $116 million Wednesday, in addition to $34 million from CMU, to endow scholarships …

States urged to address funding disparities for HBCUs
2 years, 9 months ago

States urged to address funding disparities for HBCUs

Associated Press  

Several members of Congress are calling on states to address gaps in their funding for schools in the land grant university system that shortchange historically Black colleges and universities. “I think it’s very important for the state legislators to provide the line item funding for the 1890 programs that they do for the 1862 programs,” Neufville said. A report from …

Acclaim, fundraising spread unevenly among Black colleges
3 years, 5 months ago

Acclaim, fundraising spread unevenly among Black colleges

Associated Press  

ATLANTA — Two recent high-profile faculty appointments could be a fundraising and enrollment bonanza for Howard University, one of the nation’s most prestigious Black colleges. An Associated Press analysis of enrollment and endowment data shows wide disparities among 102 historically Black colleges and universities, and a further divide between private and public institutions. Last summer’s protests over racial injustice brought …

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