Last Updated on November 26, 2023
Updated November 5, 2023
Unlocking the Potential of Black Colleges with Your Input
Historically Black Colleges and Universities (HBCUs) are not just academic institutions; they are the bedrock of Black academic, social, and cultural history. However, the disparity in HBCU funding compared to their counterparts is both glaring and concerning.
At HBCU Lifestyle, our goal is more than just to represent. Through our work with brands and organizations, we help them understand how the HBCU community sees things from a different point of view. With your support, we hope to close the information gap and give these groups a real look into the hopes, problems, and values of our community.
šØ HBCU Family: We need your help with a survey coming up on HBCU funding, and your opinion is important! Read on and make sure to sign up below. ā¬ļø
HBCU Funding in the Current Political Landscape
According to the Biden-Harris administration's fact sheet on Historic Investments and Support for HBCUs, their commitment to addressing these disparities is evident. Since January 2021, they have allocated over $5.8 billion to support HBCUs. Notably, this includes:
- $3.7 billion from the American Rescue Plan to counteract pandemic impacts.
- Debt relief amounting to $1.6 billion for capital improvements.
- Grant funding of over $500 million for academic capacity building.
Furthermore, the proposed Build Back Better Act promises a $10 billion infusion into HBCUs and other minority-serving institutions, with $2 billion earmarked specifically for HBCUs.
Philanthropy and Its Role in HBCU Funding
While governmental efforts are commendable, philanthropy's relationship with HBCUs has been a mixed bag. A report on Philanthropy and HBCUs states that from 2002 to 2019, there was a decrease in foundation funding to HBCUs. However, there's a silver lining: preliminary data suggests that in 2020, HBCU funding from foundations could have reached a staggering $249 million. This uptick is attributed to social justice movements, emphasizing the power of public advocacy.
The Vital Role and Standing of HBCUs
HBCUs aren't just institutions; they're launchpads for socio-economic mobility. According to the Goldman Sachs report titled “Historically Black, Historically Underfunded – Investing in HBCUs,” these institutions award 13% of bachelor's degrees to Black students, despite funding challenges. Moreover, HBCU funding such as endowments saw a significant boost in 2021. The Plug's article highlights that the total value increased by 33%, with a significant contribution from MacKenzie Scott.
HBCU Financial Support Survey 2023
Brands and organizations globally are recognizing the unmatched value HBCUs bring to the table. The “HBCU Financial Support Survey 2023” is our initiative to reinforce this recognition. With your input, we can shape collaborations that not only respect the legacy of HBCUs but also ensure their continued growth and resilience. The disparities highlighted in our cited statistics underline the urgent need for this research. It's a call to rally our collective strength and ensure equitable support for these esteemed institutions.
Participate Early and Shape the Conversation
The upcoming survey presents an opportunity for your voice to be heard on the pressing issue of HBCU funding. Whether you're an college bound student, an HBCU alumnus, a current student, or someone passionate about the cause, your insights are invaluable. Here's what you need to know:
- šļø Duration: The survey runs November 5-10, 2023.
- š° Incentive: To express our gratitude, the first 150 participants to complete the survey will receive $25 digital Amazon gift cards. š
- š© Accessibility: The HBCU funding survey will be sent directly to your email once available, ensuring you have easy access.
By participating, you can influence brand collaborations and secure better funding outcomes for these esteemed institutions.
HBCU Funding FAQs:
Do HBCUs get funding?
Yes, HBCUs receive funding from various sources, including federal initiatives, state funds, philanthropy, and private donations.
Why do HBCUs lack funding?
Historical underfunding, systemic disparities, and unequal allocation from philanthropic foundations have contributed to this.
Which HBCU gets most funding?
Funding varies, but Howard University has one of the largest endowments among HBCUs.
Why do HBCUs deserve more funding?
HBCUs play a critical role in uplifting the African American community, providing quality education, and fostering socio-economic mobility.
Closing thoughts
The history and legacy of Black colleges are undeniable. As we venture into a future that champions equality and social justice, bridging the HBCU funding gap is non-negotiable. Let's rally together, advocate for equitable funding, and ensure that these institutions continue to shine brightly.
Hey everyone, I'm Richard Gibson, the original HBCU enthusiast in our family and a proud member of the FAMU Class of 1969. You could say I've been living and breathing the HBCU spirit for quite a while now. Not only am I a die-hard supporter of my alma mater, but I also champion HBCUs far and wide. My background's a bit of a mix ā healthcare, logistics, business, marketing, and higher education ā and I love bringing all that experience to the table here. Whether it's sharing insights or just spreading the HBCU love, I'm all about keeping our community vibrant and strong. Let's keep this legacy going!
