PGIM, UNCF Study: Private HBCU Endowments Need Support
Diverse: Issues in Higher Education
JANUARY 29, 2024
Historically Black colleges and universities (HBCUs) face systemic challenges in accumulating substantial endowments, according to a new joint study by UNCF (United Negro College Fund) and PGIM, the global asset management business of Prudential Financial, Inc. “ Investing in Change: A Call to Action for Strengthening Private HBCU Endowments ” found that a lean endowment factors into whether an HBCU can ensure institutional stability and growth and qualify education for its students.
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