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Post by D-Dogg on Jun 8, 2013 18:33:10 GMT -6
A vice chairwoman of Howard University’s board of trustees recently told the board that the historically black school in Northwest Washington “is in genuine trouble” because of fiscal and management problems, according to a report published Friday. “Howard will not be here in three years if we don’t make some crucial decisions now,” Renee Higginbotham-Brooks wrote in a letter dated April 24, which the Chronicle of Higher Education published on its Web site. Among the concerns Higginbotham-Brooks cited were competition for students from less expensive public colleges, the possibility of a reduction in federal appropriations, expenses associated with the university’s hospital, the absence of a robust fundraising system to offset declines in tuition revenue and a university workforce that she said is too large. Read more here.
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Post by gmanwest on Jun 9, 2013 16:24:52 GMT -6
Brotha you can bet that Howard will not close.....They still have probably a 300 hundred million dollar in endowment......If they close,you can bet a lot of other HBCUs will be in serious trouble.
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Post by mfware on Jul 3, 2013 9:55:51 GMT -6
I am a Howard alum as well as a GSU alum. I know a little bit about this situation. Higginbotham-Brooks is a not a woman given to intemperate comments. As a member of the Howard University Board of Trustees, she is on the inside. Howard University will not close if the University does what it needs to do. Her warning is that Howard will close if it does not do what it needs to do. When she wrote her views, it was not a given that the University would do what she recommended.
Howard University's endowment is supposed to be much more than $300 million. However, compared the the endowments of its MSI competitors, Howard's endowment is small. With a private university in Washington, DC, is not that great. At the end of the day, I am confident that Howard will survive. However, there is a long time between now and the end of the day.
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