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PRESS ROOM: UNCF Unveils 2024 HBCU Economic Impact Report Highlighting the Unmatched Contributions and Urgent Funding Needs of HBCUs
NNPA NEWSWIRE — HBCUs are far more accessible to students and more successful at moving students from the bottom 40% of a country’s income distribution to the top 60%, signaling social mobility.
Roy Betts
UNCF Communications
240-703-3384
Roy.betts@uncf.org
New report reveals $16.5 billion in economic impact and calls for immediate action to secure the future of America’s Black higher education institutions
WASHINGTON, DC (Sept. 13, 2024)—Today, UNCF (United Negro College Fund), the nation’s largest and most effective minority education organization, proudly unveiled its 2024 HBCU Economic Impact Report. The report, Transforming Futures: The Economic Engines of HBCUs, commissioned by UNCF’s Frederick D. Patterson Research Institute (FDPRI), is a comprehensive, data-driven analysis highlighting the substantial contributions the nation’s 101 historically Black colleges and universities (HBCUs) make to their students, local communities and the nation at large.
HBCUs have long been pillars of educational excellence and economic engines, driving prosperity in their communities and across the nation. Despite these contributions, chronic underfunding threatens their ability to sustain this impact. Transforming Futures: The Economic Engines of HBCUs, underscores the urgent need for equitable and sustainable funding to ensure HBCUs can continue their vital role in promoting social mobility and economic growth and calls on the public to advocate for these essential institutions.
“As UNCF observes its 80th anniversary, one of the highlights of our yearlong celebration is the release of the sequel to our groundbreaking 2017 report. This report reaffirms what we have always known about the resilience of HBCUs: despite a deadly pandemic, social unrest caused by the murders of George Floyd and Breonna Taylor, and the economic uncertainties of the past seven years, HBCUs continue to do more with less—not only in preparing the next generation of leaders but also in contributing to our nation’s economic impact,” said Dr. Michael L. Lomax, president and CEO, UNCF.
“At this critical moment, with a crucial election on the horizon, we all must immediately actualize our commitment to these cornerstone institutions.”
Key findings in the 2024 HBCU Economic Impact Report include:
- HBCUs generate $16.5 billion in direct economic impact nationally.
- If they were a company, the nation’s HBCUs would place in the top 50 of the nation’s Fortune 500 companies in job creation.
- Collectively, 136,048 jobs exist because of HBCUs.
- On average, for each job created on campus, 1.5 off-campus jobs exist because of spending related to the institution.
- HBCUs are far more accessible to students and more successful at moving students from the bottom 40% of a country’s income distribution to the top 60%, signaling social mobility.
- The 51,269 HBCU graduates in the class of 2021 can expect work-life earnings of $146 billion, 57% ($53 billion) more than the $93 billion they could expect without their degrees or certificates.
The 2024 HBCU Economic Impact Report is a continuation of the landmark 2017 study, HBCUs Make America Strong: The Positive Economic Impact of Historically Black Colleges and Universities, which showed that HBCUs’ economic benefits extend beyond the students they educate. In addition to the comprehensive report, a website has been launched where users can explore state-specific data and insights for individual HCBUs. This resource allows users to explore the localized impact, emphasizing the critical role HBCUs play in communities across the nation.
“Transforming Futures: The Economic Engines of HBCUs represents the latest chapter in a longitudinal research initiative by UNCF’s Frederick D. Patterson Research Institute.
By leveraging robust methodology and extensive data, we highlight how HBCUs continue to be critical drivers of economic growth and social mobility,” said Dr. Nadrea R. Njoku, assistant vice president, of Frederick D. Patterson Research Institute, UNCF.
“This report not only underscores the substantial economic benefits generated by HBCUs but also contextualizes the broader challenges they have faced over the past three years, including the far-reaching impacts of the COVID-19 pandemic and the threats of violence that have been levied against many of these institutions.”
“Now more than ever, we must recognize the indispensable role HBCUs play in shaping not just the future of their students but the future of our nation. This report is not just a call to awareness but a call to action,” said Lodriguez Murray, senior vice president, of public policy and government affairs, at UNCF. “As we move forward, it is imperative that we leverage this data to galvanize our communities and demand the necessary support from our policymakers by voting for HBCUs. We urge every supporter to make their voices heard, to advocate for the equitable funding our HBCUs deserve, and to ensure that these institutions can continue to thrive and contribute to America’s future.”
UNCF will soon shift its focus towards voter mobilization efforts, leveraging the findings of the 2024 HBCU Economic Impact Report to raise awareness about the critical role of HBCUs ahead of Election Day, and the need for elected officials to commit to strengthening HBCU infrastructure, safety, and student life. By highlighting the economic and social contributions of these institutions, UNCF aims to inspire voters to support policies and send letters to elected leaders at the state and federal level in support of equitable funding and resources for HBCUs, ensuring their continued impact on communities and the nation.
To view the brief and full report for Transforming Futures: The Economic Engines of HBCUs, visit: UNCF.org/HBCUImpactReport.
For more information on how to actualize a commitment and be a voice for HBCUs, visit: UNCF.org/EquityPledge.
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OP-ED: The Illusion of Allyship. White Women, Your Yard Signs Mean Nothing to Me
NNPA NEWSWIRE – “The blue bracelets are something White women are wearing so others can see that they didn’t vote for Trump,” says Liberal Lisa from Oklahoma on X. Chile, bye. These bracelets are hollow symbols, empty gestures that mean nothing to me. An accessory to claim distance from Trump’s legacy is superficial comfort, while the choice to not stand with us in the voting booth is far more profound.
Political yard signs can symbolize intentions and allegiance. But this year, they’ve also symbolized betrayal. During this general election, Black women were led to believe that more White women would stand with us. Exit polls, however, told a different story. Despite overwhelming displays of support, more White women still chose to vote for the convicted felon, reality TV star, and rapist. White women answered the call but left us hanging at the polls.
A Familiar Disappointment
I live in DeKalb County, Georgia, and the abundance of Harris-Walz yard signs could’ve fooled me. But I’ve seen this before, back when Stacey Abrams ran for governor. White women showed up, put up signs, attended rallies, knocked on doors, and phone-banked. Yet, when it came time to vote, they let us down—not once but twice. I’ve been here for over 15 years, and if there’s one thing I know, it’s that political signs are symbols without weight.
In every election, I’ve talked with White women. Most aren’t the primary earners in their families and vote along party lines, aligning with the preferences of their fathers and husbands. These conversations reveal a reluctance to break from tradition, even when their votes affect women and certainly when their votes impact the lives of people who look like me.
The Illusion of Solidarity—Symbols Are Not Enough
On social media, I’m seeing White women posting pictures of blue bracelets to “prove” they didn’t vote for Trump. “The blue bracelets are something White women are wearing so others can see that they didn’t vote for Trump,” says Liberal Lisa from Oklahoma on X. Chile, bye. These bracelets are hollow symbols, empty gestures that mean nothing to me. An accessory to claim distance from Trump’s legacy is superficial comfort, while the choice to not stand with us in the voting booth is far more profound.
I’ve seen Black Lives Matter signs and black squares posted on Instagram to “prove” support for Black people, but we now know that was a lie, too. Will those same people who claimed Black lives mattered now take down their Harris-Walz signs and show their true selves?
Navigating these truths is a daily struggle for me—professionally and socially. White women often misuse their privilege, supporting us only when it’s convenient. Seeing overqualified Black women sabotaged or abandoned by White women at critical moments is a constant emotional challenge. It’s exhausting to live with this reality, especially when solidarity seems like something they pick up and discard at will.
One clever campaign ad from Harris-Walz that spoke directly to White women. “Your Vote, Your Choice” emphasized that their vote was private—independent of their household situation. Another was from Olivia Howell Dreizen, the “Vote Without Fear” campaign, which empowered women to consider the greater impact of their choices. But it seems many still couldn’t choose the roadmap to freedom—even when it was handed to them.
A Call for Action Beyond Words
White women, I want to believe you care, but actions speak louder than yard signs, bracelets, or Instagram posts. Show up in our communities, advocate in your workplaces, and stand up to dismantle the structures that uphold white supremacy. Only through real action will we know where you stand.
If you choose not to act, we see you—and we know exactly where you stand. Good luck these next four years.
Disclaimer: The views and opinions expressed in this article do not necessarily reflect the official policy or position of BlackPressUSA.com or the National Newspaper Publishers Association.
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Supernova Parenting Conference Empowers Over 100 Parents with Resources for Neurodivergence and Mental Health
The inaugural Supernova Parenting Conference was co-hosted by Natasha Nelson, known as Supernova Momma, and Yolanda Walker, founder of Parenting Decolonized. It brought together over 100 parents, caregivers, and educators dedicated to fostering understanding and support for neurodivergent children and mental health challenges. The conference provided invaluable resources, expert insights, and a collaborative space for […]
The inaugural Supernova Parenting Conference was co-hosted by Natasha Nelson, known as Supernova Momma, and Yolanda Walker, founder of Parenting Decolonized. It brought together over 100 parents, caregivers, and educators dedicated to fostering understanding and support for neurodivergent children and mental health challenges. The conference provided invaluable resources, expert insights, and a collaborative space for connection, marking a significant step toward creating a more inclusive parenting community.
The event featured a variety of workshops, panel discussions, and keynote speeches from leading experts in neurodiversity and mental health. Attendees left with practical tools and strategies to enhance their parenting journeys, emphasizing the importance of understanding and supporting the unique needs of neurodivergent children.
“While the conference was a tremendous success, we believe that our work doesn’t end here,” said Natasha Nelson. “It’s crucial to continue providing ongoing support and resources for parents as they navigate this important journey. We want to ensure families can access the tools they need long after the conference.”
To extend the momentum generated at the conference, Natasha and Yolanda are excited to announce the launch of the Supernova Parenting Community. This membership-based initiative aims to offer a safe and supportive environment for parents and caregivers to continue their growth as conscious parents.
Membership is available for as little as $5 a month via Patreon, making it accessible for all families seeking support.
“We know that parenting can be a challenging journey, especially when navigating neurodivergence and mental health issues,” Yolanda Walker added. “Our goal is to build a community where parents feel seen, heard, and supported. We hope you’ll join us in this vital work.”
For more information about the Supernova Parenting Community and to sign up for membership, please visit supernovaparenting.org
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Election Night on The Yard at Howard University
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