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Todd McDonald

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  1. Milken Institute52 min

    Investing in the Resiliency of HBCUs | Global Conference 2026

    Ayesha Rascoe, Melissa Bradley, Bill Bynum, Bobbie Knight, Todd McDonald

    With a combined $16.5 billion annual economic impact and a $146 billion lifetime earnings contribution from graduates, Historically Black Colleges and Universities (HBCUs) are emerging as critical economic engines through strategic partnerships with corporate giants like NVIDIA and AWS rather than traditional charitable giving. Organizations such as Hope Enterprise Corporation and Liberty Bank have deployed approximately $200 million to restructure balance sheets, upgrade research facilities at institutions like Tuskegee, and unlock real estate potential on HBCU land. Consequently, policymakers and investors are increasingly viewing these 45 Deep South institutions as a distinct asset class, leveraging initiatives like R1 research status elevations and a proposed federal clearinghouse to attract the capital necessary to close the funding gap with predominantly white peers.