{"id":107307,"date":"2026-04-16T12:59:14","date_gmt":"2026-04-16T12:59:14","guid":{"rendered":"https:\/\/pakistaninewspaperlist.com\/news\/uncf-releases-landmark-wealth-building-report-and-deploys-catalytic-grants-to-advance-institutional-wealth-strategies-at-hbcus\/"},"modified":"2026-04-16T12:59:14","modified_gmt":"2026-04-16T12:59:14","slug":"uncf-releases-landmark-wealth-building-report-and-deploys-catalytic-grants-to-advance-institutional-wealth-strategies-at-hbcus","status":"publish","type":"post","link":"https:\/\/pakistaninewspaperlist.com\/news\/uncf-releases-landmark-wealth-building-report-and-deploys-catalytic-grants-to-advance-institutional-wealth-strategies-at-hbcus\/","title":{"rendered":"UNCF Releases Landmark Wealth Building Report and Deploys Catalytic Grants to Advance Institutional Wealth Strategies at HBCUs"},"content":{"rendered":"<div id=\"main-body-container\" itemprop=\"articleBody\">\n<p align=\"left\" style=\"padding-left:0px;\">ATLANTA, GA, April  16, 2026  (GLOBE NEWSWIRE) &#8212; UNCF released new findings from its HBCU Wealth Building Initiative and announced the launch of Phase II, supported by The\u00a0Prudential\u00a0Foundation. This next phase marks a shift from research to execution, including the deployment of $100,000 in catalytic grants to support three HBCUs in designing and implementing institutional wealth-building strategies.\u00a0<\/p>\n<p align=\"left\" style=\"padding-left:0px;\">The full report\u00a0and executive brief are\u00a0available\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=UqSVS4DTxNNkkwHNNL9iEd3x13006qhEvk-u7CCn7ubAm4RGG4E51-2BdUFNGakKJMEB7zLjub_--xrbU48jxCggddA6KL1jNRbKJe2i0-55zHAlqtA_cJerjOaLa5Nk\" rel=\"nofollow\" target=\"_blank\" title=\"here\">here<\/a>.\u00a0<\/p>\n<p align=\"left\" style=\"padding-left:0px;\">At a time when higher education\u00a0is\u00a0facing intensifying\u00a0scrutiny around return on investment (ROI), HBCUs are navigating a uniquely acute set of pressures\u2014delivering strong student outcomes with constrained resources while serving as primary engines of economic mobility. This new research\u00a0reframes\u00a0the conversation: not simply how institutions support financial literacy, but how they activate wealth-building as a core institutional function.\u00a0<\/p>\n<p align=\"left\" style=\"padding-left:0px;\">\u201cThis work challenges us to rethink ROI\u2014not just as income, but as the ability to build, sustain, and transfer wealth,\u201d said\u00a0Ed Smith-Lewis, Senior Vice President, Strategic Partnerships and Institutional Programs, UNCF. \u201cHBCUs have long delivered on mobility. The next frontier is ownership\u2014and our focus now is how institutions intentionally build toward that outcome.\u201d\u00a0<\/p>\n<p align=\"left\" style=\"padding-left:0px;\"><b>Anchored in Evidence: From Mobility to Wealth<\/b>\u00a0<\/p>\n<p align=\"left\" style=\"padding-left:0px;\">The\u00a0HBCU Wealth Building\u00a0Initiative builds on research from UNCF\u2019s Frederick D. Patterson Research Institute, which\u00a0demonstrates\u00a0that HBCUs are among the most effective drivers of social mobility in the nation\u2014outperforming all other institution types and producing mobility outcomes at\u00a0roughly twice\u00a0the national average.\u00a0The findings make clear that while mobility is necessary, it is not sufficient.\u00a0<\/p>\n<p align=\"left\" style=\"padding-left:0px;\">The central question now is: How do HBCUs translate mobility into wealth?\u00a0<\/p>\n<p align=\"left\" style=\"padding-left:0px;\">This initiative positions HBCUs not only as engines of access and advancement, but as platforms for long-term asset building, financial capability, and generational wealth creation.\u00a0<\/p>\n<p align=\"left\" style=\"padding-left:0px;\"><b>Key Findings: A Clear Case for Action<\/b>\u00a0<\/p>\n<p align=\"left\" style=\"padding-left:0px;\">Drawing on a year-long engagement with more than 40 HBCUs\u2014including institutional assessments and surveys of students, faculty, and staff\u2014the report\u00a0identifies\u00a0several critical opportunities:\u00a0<\/p>\n<ul>\n<li>  <b>An Aspiration\u2013Capability Gap<\/b>\u00a0<br \/>While more than 85% of respondents\u00a0identify\u00a0wealth-building as important, over 30% cite limited financial knowledge as a primary barrier, and many are unaware of available institutional resources.\u00a0\u00a0  <\/li>\n<\/ul>\n<ul>\n<li>  <b>Early Intervention as a Strategic Leve<\/b><b>r<\/b>\u00a0<br \/>First-year students\u00a0represent\u00a0a critical entry point for shaping long-term financial behaviors, particularly among first-generation populations.\u00a0\u00a0  <\/li>\n<\/ul>\n<ul>\n<li>  <b>Institutions<\/b><b>\u00a0as Wealth-Building Ecosystems<\/b>\u00a0<br \/>Faculty and staff financial wellness, institutional policies, and access to capital pathways all influence outcomes\u2014extending the role of institutions beyond the classroom.\u00a0\u00a0  <\/li>\n<\/ul>\n<ul>\n<li>  <b>Infrastructure Exists, but Activation Lags<\/b>\u00a0<br \/>Many HBCUs have foundational elements in place, but lack the integration,\u00a0utilization, and measurement systems needed to drive meaningful impact.\u00a0\u00a0  <\/li>\n<\/ul>\n<p align=\"left\" style=\"padding-left:0px;\"><b>Subject Matter Expert Input\u00a0<\/b>\u00a0<\/p>\n<p align=\"left\" style=\"padding-left:0px;\">The research process was supported by the\u202fHBCU Wealth Building Advisory Board,\u00a0comprised\u00a0of leaders whose\u00a0expertise, guidance, and commitment were instrumental in shaping this work. Advisory Board members include Steven Brown (Aspen Institute); Bill Bynum (Hope Credit Union); Alex\u00a0Carmadelle\u00a0(Kindred Futures);\u00a0Hosetta\u00a0Coleman (JPMorgan Chase);\u00a0LaKesha\u00a0Landers (Clark Atlanta University); Erin Horne McKinney (Howard University); Michael Neal (Urban Institute);\u00a0Duwain\u00a0Pinder (McKinsey &amp; Company); Keith Shoates (Student Freedom Initiative); Reena Sood (Prudential Financial); Andr\u00e9e Taylor (Bank of America Foundation); and Patrice Willoughby (NAACP).\u00a0<\/p>\n<p align=\"left\" style=\"padding-left:0px;\"><b>Phase II: Catalyzing Institutional Models for Wealth Creation<\/b>\u00a0<\/p>\n<p align=\"left\" style=\"padding-left:0px;\">Phase II\u00a0represents\u00a0a deliberate shift from insight to demonstration\u2014investing in models that can be tested, refined, and scaled.\u00a0<\/p>\n<p align=\"left\" style=\"padding-left:0px;\">Key components include:\u00a0<\/p>\n<ul>\n<li>  <b>$100,000 in Catalytic Grants<\/b>\u00a0<br \/>Three institutions will receive approximately $35,000 each to pilot innovative, institution-led wealth-building strategies\u00a0\u00a0  <\/li>\n<\/ul>\n<ul>\n<li>  <b>Expanded Advisory Infrastructure<\/b>\u00a0<br \/>The HBCU Wealth Building Advisory Board will grow to include\u00a0additional\u00a0expertise in capital strategy, policy, and institutional transformation\u00a0\u00a0  <\/li>\n<\/ul>\n<ul>\n<li>  <b>Development of a National Toolkit<\/b>\u00a0<br \/>Translating pilot insights into actionable frameworks for adoption across HBCUs nationwide\u00a0\u00a0  <\/li>\n<\/ul>\n<p align=\"left\" style=\"padding-left:0px;\">\u00a0\u201cSupporting HBCUs as institutions that can\u00a0help\u00a0build and sustain wealth is a powerful extension of our commitment\u00a0to expand access to financial security,\u201d\u00a0said\u00a0Shan\u00e9\u00a0Harris, Prudential\u2019s Head of Social Responsibility and President of the Prudential Foundation.\u00a0\u201cThrough\u00a0our\u00a0continued\u00a0relationship\u00a0with UNCF, we\u2019re\u00a0helping\u00a0to create actionable strategies\u00a0that support generational wealth building.\u201d\u00a0\u00a0<\/p>\n<p align=\"left\" style=\"padding-left:0px;\"><b>Activating the HBCU Wealth Building Ecosystem<\/b>\u00a0<\/p>\n<p align=\"left\" style=\"padding-left:0px;\">UNCF\u00a0and Prudential\u00a0will present the full findings at the 2026 Harambee\u00a0Conference hosted by ABFE (Association of Black Foundation Executives), engaging philanthropic leaders, institutional partners, and investors\u00a0to\u00a0advance\u00a0coordinated strategies for wealth-building across HBCUs.\u00a0<\/p>\n<p align=\"left\" style=\"padding-left:0px;\">In addition, UNCF is hosting an informational\u00a0webinar\u00a0for institutions, philanthropists, subject matter\u00a0experts\u00a0and other leaders\u00a0seeking\u00a0to\u00a0participate\u00a0in the\u00a0next phase of the effort.\u00a0Additional\u00a0information on the\u00a0May\u00a021\u00a0webinar\u00a0can be found\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=UqSVS4DTxNNkkwHNNL9iEXgvLLHmTzCNWkI8OZZpTmCzuDwss2sJJS_ixg94yL3v1zkosu5Vo08MpWrLXsC_-h0vWXCR8Sn8ewqNhKXzW3dbskMZglyxSIFCqfEK79bQHER0DGmY86GWCe70x95HsCaIHg3oBKesk8sr7esH6vgJcT2F4U-35QENhDI5fEi5\" rel=\"nofollow\" target=\"_blank\" title=\"here\">here<\/a>.\u00a0Institutions can express their interest in\u00a0participating\u00a0in the wealth building pilot using the link\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=UqSVS4DTxNNkkwHNNL9iETosIE2hxAmqIs34MtgKL1oheNmh93k2SDLQq8GtcByexMk-vaMZRkTKBKS4EBSb1djkB1iqiQuT7gdUbjhk3BSzVGbVyRL--JAtOZyJvN7wzucz3ztC13Ngjo0bMAoQ8Q==\" rel=\"nofollow\" target=\"_blank\" title=\"here\">here<\/a>.\u00a0<\/p>\n<p align=\"left\" style=\"padding-left:0px;\">Throughout the second phase, UNCF will\u00a0apply\u00a0lessons learned\u00a0through\u00a0the HBCU Wealth Building Initiative\u00a0to other\u00a0aligned\u00a0efforts\u00a0underway at the organization, including the Pooled Endowment Campaign, Project ACCLAIM,\u00a0and the\u00a0HBCU Stock Pitch Competition.\u00a0<\/p>\n<p align=\"left\" style=\"padding-left:0px;\">More information on the HBCU Wealth Building Initiative may be found at uncficb.org.\u00a0<\/p>\n<p align=\"left\" style=\"padding-left:0px;\"><b>About UNCF<\/b>\u00a0<\/p>\n<p align=\"left\" style=\"padding-left:0px;\">UNCF (United Negro College Fund) is the nation&#8217;s largest and most effective minority education organization. To serve youth, the community and the nation, UNCF supports students&#8217; education and development through scholarships and other programs, supports and strengthens its 37 member colleges and universities, and advocates for the importance of minority education and college readiness. UNCF institutions and other historically black colleges and universities are highly effective, awarding\u00a0nearly 20%\u00a0of African American baccalaureate degrees. UNCF administers more than 400 programs, including scholarship, internship and fellowship, mentoring, summer enrichment, and curriculum and faculty development programs. Today, UNCF supports more than 60,000 students at over 1,100 colleges and universities across the country. Its logo features the UNCF torch of leadership in education and its widely recognized trademark, &#8220;A mind is a terrible thing to waste.&#8221;\u00ae\u00a0<\/p>\n<p align=\"left\" style=\"padding-left:0px;\"><b>About\u00a0<\/b><b>The<\/b><b>\u00a0<\/b><b>Prudential Foundation<\/b>\u00a0<\/p>\n<p align=\"left\" style=\"padding-left:0px;\">Established in 1978, The Prudential Foundation has provided grants totaling over $1 billion in support of Prudential\u00a0Financial\u2019s\u00a0purpose of making lives better by solving the financial challenges of our changing world. By collaborating with nonprofit organizations that help strengthen neighborhoods, address barriers to economic equality, and create new paths to financial security, The Prudential Foundation is committed to accelerating economic mobility for communities in the U.S. and around the world.\u00a0<\/p>\n<p align=\"center\">###<br \/>\u00a0\u00a0<\/p>\n<p><b>\u00a0<\/b><b>About UNCF<\/b><br \/><i>UNCF is one of the nation\u2019s largest and most effective supporters of higher education and serves as a leading advocate for college-bound students. Since its founding in 1944, UNCF has raised more than $6 billion to support students&#8217; access to higher education, provide scholarships and strengthen historically Black colleges and universities (HBCUs). Each year, UNCF awards more than 13,000 scholarships to more than 10,000 students totaling more than $64 million. The scholarships support students attending more than 600 US-based colleges and universities, including 37 UNCF-member HBCUs. Through its efforts, UNCF has helped generations of students to get to and through college. We believe a college education plays a vital role in fortifying the pipeline of leaders and professionals who contribute to the advancement of our society. Our logo features the UNCF torch of leadership in education and our widely recognized trademark is, \u201fA mind is a terrible thing to waste.\u201d<sup>\u00ae<\/sup>\u00a0Learn more at\u00a0<\/i><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=PKU5CweivEFmkxUOQz7eNPmLbX201zpC71ybStFwRdxUjSg6abRmod4aYT97JHxnb-lDloUJ2VJo-Iv7o5AwkIm9qbhI8PQNFsheBFcYB1JqGjc1JOQSnjCLPSCiuREfVou6KUlZCiW-4cqRhzIOWhhdSwqP8SpwmHbVBYwYjbvPKvviKA6FzRHGaBEAwBPbhPikCTREPKhxnBGLFtF8tsFRkWlZDajkxuaZarSpj-147DEUxOz4FnQDwGbRwet5mrsJECCWzKJdiXWYGrtj4P8DM6Au92JkddG63aSrATxPii7YZqHE9j9UpwL4mFxm_3nZhZOLHhRDkEwlkx9lBEOp5ZPH0HcoEPXOgjyNkFTM_BvAiiBHRObhi4jMlxFgAz7mgMCnPYui-J0BIJhWNF3ImPTikIZRPbRCMee5G_1rzmSP30JFoWy0upJIoqZhKBasGbB2Pnjr6_gjuqTlFv_amA0oaeazEwQTU3VpkSFNIEgFCnECMMbCBV7OWOXscPrLq0tLTM8oTTw-pGR6iQ3uMwMP-SroL1n85aS7lR2Lnu12FdsOWAKrmo5puSqHI194tnxdNcUkWbRJYaV49Q==\" rel=\"nofollow\" target=\"_blank\" title=\"\"><i>UNCF.org<\/i><\/a><i> or for continuous updates and news, follow UNCF on <\/i><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=h09l_mIuawmlI-hGu7YF2MGOthJiM1cIpAh8s_9MWWyvLtH43rqROFbG1x6e3xe28Y0TEikeQm-Iz67ygNZ7-LbAg-fQ27dkSY82p8MQ9tI=\" rel=\"nofollow\" target=\"_blank\" title=\"\"><i>Instagram<\/i><\/a><i>.<\/i><\/p>\n<pre\/>\n            <\/div>\n","protected":false},"excerpt":{"rendered":"<p>ATLANTA, GA, April 16, 2026 (GLOBE NEWSWIRE) &#8212; UNCF released new findings from its HBCU Wealth Building Initiative and announced the launch of Phase II, supported by The\u00a0Prudential\u00a0Foundation. This next phase marks a shift from research to execution, including the deployment of $100,000 in catalytic grants to support three HBCUs in designing and implementing institutional [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":107308,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"fifu_image_url":"https:\/\/ml.globenewswire.com\/Resource\/Download\/84a107fb-b5c5-4342-8bf0-36e79c3e01c7","fifu_image_alt":"","footnotes":""},"categories":[208],"tags":[],"class_list":["post-107307","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-globenewswire"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/posts\/107307","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/comments?post=107307"}],"version-history":[{"count":0,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/posts\/107307\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/media\/107308"}],"wp:attachment":[{"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/media?parent=107307"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/categories?post=107307"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/tags?post=107307"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}