HBCUs get donations 178 times lower than Ivy League: study

By GLENN GAMBOA
AP Business Writer

The average historically Black college and university received 178 times less funding from foundations than the average Ivy League school in 2019, according to a new report on the underfunding of HBCUs released Tuesday. The study — conducted by the philanthropic research group Candid and ABFE, a nonprofit that advocates for investments in Black communities – found that the eight Ivy League schools received $5.5 billion from foundations compared to $45 million for the 99 HBCUs in 2019. Between 2002 and 2019, foundation support of HBCUs declined 30%. Some study participants blamed systemic racism. Others said connections between philanthropists and HBCU leaders are limited.