As a result of Edward Waters University’s debt refinancing with Reinvestment Fund, the school reported “We were engaging in not only a reinvestment in Edward Waters University, but we were a part of the community. For everything we did as a university, it was building up the community.” This is the principal goal of Reinvestment Fund’s HBCU Brilliance Fund: to support the growth and stabilization of HBCUs and the communities surrounding them through investment and other critical resources, including grant-funded research, policy advocacy and capacity building.
This report magnifies the vital role HBCUs play in accelerating Black economic mobility, among the most marginalized students, and promoting economic growth in their communities and beyond. The call to action highlights how mission-based institutions like Reinvestment Fund can provide capital and capacity building investments to help sustain this critical role. Strong partnerships between HBCUs and financial and philanthropic institutions, particularly CDFIs, are needed to advance the economic mobility of Black Americans and economic strength of our communities.
Reinvestment Fund wishes to thank Dr. Andre Perry, Brookings Metro, UNCF, PNC’s Community development Banking group. Their thought leadership, support and insights produced this report.