The HBCU Foundation supports more than 275,000 students matriculating on member institution campuses. With federal funds supporting many of these-schools being cut and more than 75% of students requiring financial aid assistance, the need for our work is dire and ever-expanding.
The HBCU Foundation seeks to operate within the highest industry standards for transparency and efficiency. Our fiscal year begins on January 1st and ends on December 31st.
The HBCU Foundation files all required tax reports and is required to file an IRS form 990.
Our Fundraising Efforts Target:
- Federal Government Agencies
- Individual Donors
How Funds Are Raised
- Workplace Campaigns
- Direct Marketing
- Fundraising Events
How the Funds Are Used
In 2019, The HBCU Foundation operates at roughly 60% program to cost and fundraising efficiency. The HBCU Foundation strives to operate at, or above 80% program to cost and fundraising efficiency by end of fiscal year 2020.
Program-to-cost efficiency reflects the percent of total expenses a charity spent on its programs compared to the percent of total expenses spent on overhead and fundraising in the year analyzed.
- 81% programmatic support
- 14% operational costs
- 5% fundraising