NOTE: The data in this table exclude households that are led by an individual who is under 25 years of age. The differences between all of the values above are statistically significant at the confidence level used by the Census Bureau.
HBCU’s are incubators for excellence – producing leaders in business, politics, education, science, law and medicine.
HBCU’s represent only 3% of colleges in the U.S. However:
Enrolled 12% of all African-American students;
Produce 23% of all African-American graduates;
Produce 40% of Black Dentists;
Produce 46% of Black Business Executives;
Produce 50% of Black Attorneys;
Produce 50% of Black Engineers;
Produce 50% of Black Pharmacists;
Produce 75% of Black Veterinarians;
Produces 75 of Black PhD’s;
Produce 75% of Black Military Officers;
Produce 80% of Black Federal Judges;
Of the 100 plus HBCUs, none have endowments exceeding $1 billion. In 2019, Harvard’s Endowment approached $40 billion. Many HBCU students and alumni are first and second generation graduates who do remarkable work in under-served communities.
“To close the racial wealth gap, we know that Black academic and economic advancement is essential. Racial inequity around access to and affordability of higher education can impact Black student’s ability to grow generational wealth. Historically Black Colleges and Universities continue to lead the way in leveling the playing field while creating an environment for students of color to thrive.”
-Susan Reid, Morgan Stanley’s Global Head of Diversity and Inclusion
