How have the funds benefited the Historically Black Colleges and Universities?
A. Capital expenditures—endowment building, construction and major renovations—comprise one-sixth of the funds. The colleges are often able to increase the value of these crucial capital funds by using them to secure need-based or matching grants from other resources. The remaining five sixths of the funds are used to bolster libraries, faculty development, academic research, student counseling and other services. This portion also underwrites some administrative and operations costs.
