As both funding and student enrollment drop at historically black colleges and universities, presidents of those institutions face "a tough climate," according to Hampton University President William Harvey. During his 36-year tenure, the university's endowment has grown from $29 million to more than $250 million. Harvey advises other HBCU presidents to "garner respect, use the team approach, engage alumni and faculty and get them to take ownership in your vision."

Related Summaries