UNCF’s Post

The total endowments across ALL HBCUs combined (~$5B) is less than 10% of Harvard University's endowment ($50B). Since January 2022, HBCUs have received over 75 bomb threats. Despite this, they continue to graduate almost 20% of all Black STEM majors (yet are only 3% of all US institutions) AND contribute $16.5B to the national economy. #ThisIsInnovation. How many more receipts do HBCUs need to bring to prove they are not just critically needed but are also great investments to drive student success? #TheTimeHasCome

As a proud HBCU alumna, current HBCU student, and lifelong advocate, I invite you to read UNCF’s 2024 HBCU Economic Impact Report. This report underscores the undeniable role that HBCUs play as economic engines for their communities, creating jobs, boosting lifetime earnings for graduates, and driving upward mobility. HBCUs have been pathways to success for over a century, producing generations of leaders who contribute not only to their families and communities but also to the nation’s economy. We must continue to uplift and support these institutions, ensuring they thrive for future generations. #HBCUStrong #HBCUPride #HBCUEconomicImpact

It has been a pleasure to be of service to HBCUs. This report transcends all narratives and settles the question for the need of HBCUs! Please read FDPRI's latest report, Transforming Futures: The Economic Engine of HBCUs, today!

Don’t Sleep on HBCUs Historically Black Colleges and Universities (HBCUs) are essential to American education, having empowered generations of Black leaders since the mid-19th century. The phrase "Don’t sleep on HBCUs" highlights the need for awareness and support for these institutions, which provide: Legacy Established to educate African Americans when access was limited and producing influential graduates in various fields. Academic Excellence Maintains high standards and cultural pride, supporting students' academic and professional growth. Diversity Welcomes individuals from all backgrounds, fostering an inclusive environment. Economic Impact Contributes billions to the economy, creates jobs, and prepares students for leadership. Cultural Significance Celebrates Black history and identity as cultural hubs. Social Justice Advocates for educational equity and inspires activism among students. In short, HBCUs are vital in shaping leaders and advancing equity in society. #HBCULove #XU

You must read this report sharing the impact of HBCUs on the economy!

For 80 years, @UNCF has served as the nation’s leading advocate for HBCUs. Our latest Impact Report shows the economic and social power of HBCUs, building on their groundbreaking 2017 report. Get the facts: https://lnkd.in/ekHjMkRa #UNCF4HBCUs

Half the world can’t make ends meet   More than half the world’s population is economically disenfranchised and cannot afford adequate nutrition, education, healthcare and other essentials, says a McKinsey & Company report.   Read our Abdul Latif Jameel Perspectives article to find out why financial inclusion means access to freedom and a better way of living for those who need it most.   https://lnkd.in/d2cwHNQX   #AbdulLatifJameel #Jameel #JameelFinance #McKinsey #economicinclusion #economicempowerment #economicjustice #financialinclusion #financialempowerment #financialinclusion #financialinclusionforall #economicinclusion #economicequity

#ShawUCommunity | · Look at the data and you’ll see: HBCUs are economic engines for our economy. HBCUs have done so much for America—what will you do for HBCUs? Get the facts from @UNCF and be a voice for HBCUs.

“Business as usual is failing us. This is not what we want, and businesses know it’s not what we want. So more and more businesses are making promises. They may be promises about a specific product, or simply be promises to care. This intention should be applauded. Not only are they attempts to do better, but they mirror a reflection of what we all want – a shift in culture to a world where business plays a more positive role in our society.” B Lab UK’s executive director, Chris Turner explores how #BCorps are leading the charge towards a kinder economy. This thought-provoking piece is part of a larger B Corp feature in this month's Big Issue. By grabbing a copy from your local vendor, you'll not only be supporting Big Issue's mission to help millions of people in the UK affected by poverty to earn, learn and thrive, but you'll also learn about the transformative power of B Corps. #BCorpMonth https://lnkd.in/eEn79PHW

Talking to the students, and future leaders in social policy at the University of Pennsylvania we explored crucial aspects of creating positive change: building pathways for impacted individuals to gain capital and achieve their goals. I also felt it was essential for them to understand the importance of economic empowerment in breaking cycles of poverty, inequality, and social injustice. When individuals have access to capital, they can: - Start businesses and create jobs - Invest in education and skills development - Improve their health and well-being - Build assets and wealth - Advocate for their rights and communities So, how can we build pathways for impacted individuals to gain capital? Here are some strategies to consider: 1. Financial inclusion: Expand access to affordable banking services, microfinance, and alternative credit models. 2. Entrepreneurship support: Offer training, mentorship, and resources for entrepreneurs from underserved communities. 3. Education and job training: Provide access to quality education, vocational training, and job placement programs. 4. Asset-building programs: Implement initiatives like matched savings accounts, Individual Development Accounts (IDAs), and financial counseling. 5. Policy reform: Advocate for policies that address wealth disparities, predatory lending, and discriminatory practices. 6. Community-led initiatives: Support grassroots organizations and community-led programs that focus on economic empowerment. 7. Public-private partnerships: Collaborate with businesses, foundations, and government agencies to leverage resources and expertise. Remember, building pathways to capital requires a comprehensive approach that addresses systemic barriers and biases. As social policy change agents, your role is crucial in creating a more equitable society where everyone has the opportunity to thrive. Let's work together to build a brighter future for all! #reentry #secondchances #socialpolicy