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HBCU Endowment Fund

$1,000,000,000 FOR HBCUS

Historically black colleges and universities (HBCUs) have long faced disadvantages in raising funds and are struggling today to grow their endowments even as already rich schools get richer.

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.

Currently, times are hard for the 101 historically Black colleges and universities. The pandemic made them even harder. Prior to the coronavirus outbreak, enrollment and endowments had dropped at HBCUs. Most were struggling financially before pandemic restrictions halted in-school studies, adding burdens on these already economically strapped educational institutions.

Enrollments are down, which means less revenue. And at HBCUs, tuition is already often lower than at predominantly white schools.

The HBCU Endowment Fund (HBCUEF) 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.