The Thurgood Marshall College Fund (TMCF) Board of Directors met April 29-30 in Montgomery, Alabama on the Alabama State University campus and completed several action items, including the addition of two new member schools and the appointment of a new board director.
Hinds Community College at Utica in Mississippi and Hampton University in Virginia were approved by the board to become the 56th and 57th TMCF member schools.
“Both of these institutions greatly impressed us in their presentations and through meeting with us,” Dr. Harry L. Williams, president & CEO of TMCF, said. “We are thrilled to welcome the students, faculty, staff and administrators to the TMCF community.”
Dr. Williams also presented the board with TMCF’s impact and growth strategy, which included the highlights of the organization’s key performance indicator progress in revenue, impact, performance and human capital.
“Our growth vision is to scale TMCF through 2030 with a topline revenue of $250 million by the end of the decade,” Dr. Williams said.
Before looking to the future, however, Dr. Williams celebrated where the organization has been since he started in 2018.
“I’m going to drop a number on you that’s been audited by Rogers & Company,” he said. “Since I started in 2018 until present day, the audited number that we have raised at TMCF is over a half a billion dollars. That’s $500 million in seven years. That’s significant impact.”
The strategy to reach $250 million in revenue provoked lively discussion among the board members that carried over into the recent presidential executive order related to historically Black colleges and universities (HBCUs). The new executive order includes language encouraging corporations, foundations, members of Congress and state lawmakers to invest in HBCUs.
TMCF is hosting a webinar for its corporate partners in May to further clarify the executive order and encourages its board members to attend.
In other board news:
- The board appointed Patricia G. Sims, president of Drake State Community & Technical College, as a new board director.
