When the Council for Aid to Education announced last week that charitable contributions to U.S. institutions of higher education had grown by 9.4 percent in 2006, much of the news focused on schools like Stanford and Harvard universities, not historically Black colleges and universities.
That’s because the response from HBCUs to the annual Voluntary Support of Education survey conducted by the Council for Aid to Education was extremely low. The 1,014 institutions in the survey, representing one-third of the nation’s four-year institutions, included just 19 HBCUs.
Sources of support include alumni giving, donations from non-alumni individuals, foundation grants and corporate donations. The study also found that gifts for capital purposes, including endowments and for buildings, increased by 14 percent in 2006. Donations of stock to a core group of 517 institutions rose 3.4 percent. The study also found that endowments for the schools that participated in the study in each of the last two years increased 15.2 percent.
Here’s what HBCUs reported:
Historically Black Colleges and Universities/ FY2006
1
Morehouse College (Atlanta, Ga.)
