Historically Black colleges and universities receive 178 times less funding than Ivy League schools, according to a study released on Tuesday.
One of the study's key findings was that large U.S. foundations steadily decreased support of HBCUs between 2002 and 2019, awarding $65 million to HBCUs in 2002 compared to $20 million less given in 2019. HBCUs also received fewer grant dollars reserved for research in comparison to Ivy League schools and other comparable institutions.
"By committing to funding HBCUs, developing long-lasting relationships with them, and increasing HBCU capacity, foundations will strengthen HBCUs to continue —and build upon— the remarkable impact they have had on Black communities and the nation." Prior to the Civil War, there were only 28 college-educated Black people living in the U.S., with most HBCUs founded in the decades surrounding the Civil War. The final HBCU was established in 1962, and while the institutions admit students of all races and ethnicities, the schools still serve a majority-Black population. Archive Photos / Stringer / Getty Images
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