Private support in higher education was once the sole province of private colleges and universities, while public institutions like North Carolina Agricultural and Technical State University relied, for the most part, on state and federal government appropriations.
Those days are long gone. A decline over the past 30 years in public funding combined with alumni and other donors increasingly interested in giving to public campuses has dramatically changed the game. In 2017, the 20 campuses across the nation that raised the most money included seven public institutions that brought in nearly $3.19 billion between them.
Historically black colleges and universities are not represented among those top 20 campuses. In fact, a Bloomberg Business feature reported in 2017 that none of the 90 schools with billion-dollar endowments are HBCU.
But HBCUs have been working in recent years to improve their success in attracting philanthropic support, marking increases in 2015 and again in 2016, when private giving topped $320 million.
North Carolina A&T recognized the need for increased private support when we quietly began a capital campaign in fiscal year 2013. That effort, which we will unveil publicly along with its goal on Nov. 1, has now raised $68 million. Just as importantly, it has doubled the university’s combined endowments, pushing them past $74 million.
That work is as critical to the current financial health and capacity of our university as it is to our future. If we are to continue to compete successfully with other institutions for the best and brightest students and faculty, take on important questions in our research laboratories and engage the communities we seek to serve, we must have the resources necessary to fund those ambitions.
We embrace this challenge, and within it, the opportunity to share with donors our singular story of success and achievement. The return on investment for a gift to A&T is exceptional, and the chance to truly make a difference, extraordinary.
As we continue to grow and develop as America’s top-ranked public HBCU and as one of North Carolina’s top public research universities, we look forward to making the case for A&T and to connecting with individuals and organizations who share our enthusiasm for the future of this remarkable place.
- Chancellor Harold L. Martin Sr.
Above, N.C. A&T leaders accept a $1-million check from BlueCross/BlueShield of North Carolina in April of this year to support nursing education.