Allegations and assumptions of fiscal mismanagement at historically Black colleges and universities (HBCUs) have existed since their founding and continue today. There is little evidence that these claims, fueled by the media, legislatures, and often accrediting agencies, are actually truer than fiscal mismanagement at predominantly White…

This paper traces the rise of corporate philanthropy in terms of its support of Black colleges, explores financial support overall of Black colleges during the 1960s and 1970s, and describes the relationships between corporations and private Black college leaders.