How We Use Our Funds
Since its inception in 1987, TMCF has raised more than $300 million to support the 47 publicly-supported Historically Black Colleges and Universities (HBCUs) and Predominantly Black Institutions (PBIs), as well as the nearly 300,000 students matriculating on our member-school campuses. TMCF has a proven track record of using our funds to efficiently and effectively fulfill our mission.
How We Raise Our Funds
TMCF is registered with every charitable regulatory agency in every required state and has been given the highest ratings from 2 non-profit rating groups: Charity Navigator (4-stars) and Guide Star (Platinum Level Participant). Our independently audited financial statements consistently show that close to 9 out of every 10 dollars we spend goes towards our programs that transform lives and communities at large. TMCF’s fiscal year begins on January 1 and ends on December 31.
How You Can Help Make a Difference
With federal funds supporting our member-schools being cut, the need for our work is critical and constantly growing.
- For every student who gets a scholarship from TMCF, another seven apply who cannot be awarded a scholarship
- For every student that attended our Leadership Institute, there were more who wanted to attend
- For every $1 that TMCF invested in education, another $10 was needed in order to adequately address the various needs that we see on campus
- For every student we cannot help to stay in school, there is a $1 million lifetime earnings reduction – leading to an overall negative impact on America’s economy