HBCUs (Historically Black Colleges and Universities) face particularly acute endowment challenges. They often have significantly smaller endowments compared to predominantly white institutions, a direct consequence of historical underfunding and systemic inequities. Furthermore, HBCUs frequently lack access to the extensive alumni wealth networks that other universities rely on for substantial donations and major gifts. This compounding disadvantage makes it incredibly difficult for them to build the robust capital reserves necessary for long-term sustainability, competitive academic programs, and vital student support services.