Black Colleges Must Tap Alumni Support
The fund-raising capacity at HBCUs must improve
By Marybeth Gasman
In recent years, many historically Black colleges have found themselves in dire financial straits.
Memphis’ Lemoyne-Owen College, which faces a debt of $6 million, is the most recent example. Relying heavily on student tuition dollars, government aid and corporate and foundation donations (which typically evaporate during economic downturns), Black colleges have been stretched thin. This heavy reliance on outside funding sources, coupled with an often-weak infrastructure for soliciting alumni contributions, has made for difficult times.
Of course, one can attribute the lack of alumni support to the fact that, as a general rule, African-Americans earn less and hold fewer assets than White alumni. However, to be fair, many Black colleges only recently began asking their alumni for contributions. And, many colleges don’t call on their alumni to donate until 10 years after they graduate, thus missing the opportunity to establish a habit of giving on the part of recent graduates.
Black colleges must seek to correct this situation at once. Perhaps these new graduates cannot give back financially during their first few years on the job, but involving them in the institution in other ways can lead to financial payoffs down the road. Young alumni need to be brought into the institutional family right away. In 2003, I co-authored a book entitled Fund-Raising from Black College Alumni: Successful Strategies for Supporting Alma Mater (with Sibby Anderson-Thompkins). In the
book, we found that young alumni had very strong feelings about their Black college experience.
