On February 6, 2009, the president of Clark Atlanta University, an historically black institution in Atlanta, Georgia, terminated 55 full-time faculty members without notice. Many of these faculty members had tenure. These individuals, some of whom had worked at the university for over 15 years while making $45,000 a year as associate professors…

This white paper presents a case history of the Spelman College endowment and how good financial management and alternative strategies for the growth of the endowment has made Spelman's one of the largest among U.S. Historically Black Colleges and Universities (HBCUs). How has Spelman College been able to grow its endowment funds to this level? A…