Institutions that benefited directly from the slave trade possess vast holdings and endowments that exceed the collective endowments of historically black colleges and universities by orders of magnitude. The fact that the combined endowments of the ten largest HBCU endowments is less than Harvard’s $1.7 billion annual distribution underscores the compounding impact of capital and wealth disparity that dates back more than 400 years.
Historically Black Colleges and Universities were created to educate former slaves and their descendants. HBCUs are credited with creating the black middle class, educate a large share of black college graduates and are a vital contributor to the American graduate and professional program pipeline. With very small endowments, a disproportionate share of low and moderate