ABOUT US
Historically Black Colleges and Universities (HBCUs) play a pivotal role in American society. These institutions represent about 3 percent of two-year and four-year public and private nonprofit institutions that participate in federal student financial aid programs, but award 17 percent of all bachelor’s degrees earned by black students. Furthermore, HBCUs have awarded approximately a quarter (24 percent) of the bachelor’s degrees earned by black students in science, technology, engineering, and mathematics (STEM) since the early 2000s.
HBCUs are critical access points to post-secondary education and serve an important function in promoting educational attainment, particularly for many black students. In addition, these institutions serve a significant proportion of first-generation students and those who require financial assistance to afford college—a growing segment of the college-going demographic within the United States.
Because HBCUs are mission-driven to broaden college opportunities for black students, many of whom have limited financial resources, these colleges and universities cannot increase costs to offset public divestments in higher education. Furthermore, they cannot grow their own endowments overnight.
According to Bloomberg, none of the ninety institutions of higher education in the U.S. with endowments of more than $1 billion is an HBCU, and even the wealthiest of the HBCUs, Howard University in Washington, D.C., only ranks a hundred and sixtieth on the list, with an endowment of $692 million — just 1.5 percent of that of top-ranking Harvard University, which has an endowment of $41 billion.
The impact of such a discrepancy is profound: the bigger a school's endowment, the more it can spend on attracting highly qualified students, regardless of need, and on providing those students with the academic services they need to succeed.
The HBCU Endowment Fund provides the financial support to help HBCUs achieve their financial and educational goals. The HBCU Endowment Fund is on a mission to raise $1,000,000,000 for HBCUs for their financial and educational goals.
Your support and contributions will enable us to meet our goal and fund our mission.
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