Founded in response to America’s extreme segregationist education practices, HBCUs have always been beacons of the arts, politics, innovation and civic engagement for Black communities. However, regardless of the bipartisan support for HBCUs, these institutions are woefully underfunded.
As part of Reinvestment Fund’s own mission to build equitable communities, we are committed to serving the needs of HBCUs that support Black students and the communities surrounding the schools. Since 2018, Reinvestment Fund has loaned nearly $35 million to HBCUs to support the financial health of these institutions and fund capital projects.
We are energized by the opportunities in this sector and seek to help HBCUs get the resources they need and deserve. Our goal is to model business practices and develop a community of practice to help HBCUs overcome “The HBCU Paradox,” or the phenomenon of schools being underserved and discounted by philanthropy, government and other stakeholders including government funders and private lenders.