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According to the Government Accountability Office, “The median endowment for HBCUs is half that of other colleges and universities of the same size.” The institutions need to be diligent about the old fundraising plans that are tried and true but also find new and creative revenue streams.
The fifth and last installment in our series explores how higher education can reflect the ever-changing landscape of society and industry to meet their needs and expectations. At The Change Leader, we propose a culture of continuous board improvement and accountability as a way to avoid the detrimental impact of stagnant governance.
Explore causes, DEI, governance issues, and retention solutions. As a result, sound board governance has declined, with many boards going rogue. Presidents are also more involved in fundraising than ever, complicating their leadership roles. We’ve done a lot of work together on governance issues and the like.
Some schools have, like Arizona State with its vertical research track, vertical teaching track, and continuingeducation lifelong learning track. Loyalty” should not be based on fundraising. The higher ed fundraising model is broken since it essentially involves asking graduates to donate because they graduated.
Contributing to higher education’s democratization was the federal government’s mounting role, funding university research and subsidizing attendance through federally-financed grants and loans. Even small colleges took on the responsibilities of a small city for housing, transportation, health care, and sports.
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