Now for the people whose commentary I will entertain. Let's talk. UNCF, Spelman, MH all just got $40M .. First and foremost, I'm sure the money is likely earmarked to only go towards student scholarships or something of that nature so it can't be used to cover other windfalls.
Now let's think about who are these white people with a whole lotta money talking to about HBCUs to make their decisions on where their money should go? Likely the Thurgood Marshall College and the United Negro College Fund, who lead the largest HBCU advocacy organizations
In a very quick nutshell TMCF advocates for public HBCUs , UNCF advocates for private HBCUs. There's some overlap between both but UNCF has a HBCU alum as it's President and CEO. (TMCF Dr. Williams was President of Delaware State) This is very important.
Now when we think of large HBCU gifts in just the past year. We have the 34 million Robert Smith gave to MH, 10 million given by the Karsh Foundation to Howard, 13 million by Oprah, 120 million given today by Hastings/Quillen. (Oprah gave 2 million to TSU last month)
Let's say I have $10 million and I am interested in donating the HBCUs but I am not very well knowledgeable about these schools, where am I going to go first? TMCF and UNCF, these orgs help express the ROI on a donation and value of HBCU.
I told y'all UNCF's CEO was a HBCU alum, what school do you think he went to? You guessed it, Morehouse '68. His wife, Spelman. So when these folks are looking to donate money, what schools do you think is always going to atleast have their head in contention? Imma drop this here
Spelman is THE top HBCU and has been for many years. Howard and MH are both top 5. They are all great schools and no HBCU doesn't need money. These schools aren't just flushed just with cash(look @ their budgets) and are no doubt deserving of donations. https://www.usnews.com/best-colleges/rankings/hbcu
Let's throw in a quick history note. HBCUs have historically had to fight an uphill battle to gain the trust of non-alumni donors because it wasn’t long ago where a majority of non-alumni donors did not trust African Americans to be fiscally responsible with their money.
Now let's bring it all together. Let's say I have $10 million to give and I don't understand HBCUs. I am most worried about my ROI and my money not being wasted and it actually having an impact. So I am just going to donate where I'm told or to whoever advocates best.
If I combine the facts.. that these schools are the most well-known HBCUs, have highly visible success stories, strong alumni bases, a strong endowment, AND in Spelhouse's case an advocate in the room while these discussion on going on. It's clear why the same schools get the $.
These rich folks aren't going to go look through all 107 HBCUs, and likely they aren't even the discussions. They have someone else on their behalf, who equally doesn't really give a damn. They just want to make sure their money is going to make maximum impact.
Threaded it a lil wrong.. here ya go https://twitter.com/alwayswayfaring/status/1273320415985893376?s=21 https://twitter.com/alwayswayfaring/status/1273320415985893376
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