I want to say hello to those who are watching this through the lifestream and through cspan2. This is a great day to have a great conversation about Higher Education and particularly the role of historically black universities and colleges. In 1997 i worked with an educational project. A number of you know the dr. Is that public hbc you. Some of you know his private hbc. He spent time in washington, d. C. As a kennedy appointee to the peace corps. Number of you know him through his work as a pastor. In 1997 we had an opportunity to sit in the lovely room. With a donor who owns a very large and very Famous Family foundation. The head of that walked into the room. And she said, can ask a questi question . Is there a need for blackblack colleges today and doctor proctor leaned back in his seat and he said maam, if you make can i restructure the question. The question is not, whether there is a need for hbcus today, the question is, where would america be today without them. And so she nodded and doctor proctor return the not in the conversation began. Made an impact on me. I was in my late 20s. Number one, it showed that 142 years after the conclusion ofea the civil war the question about black Higher Education, hbcus and black people in the American Social order was still on the table for conversation. Number two, the conversation was about hbcus but also about the importance of american higher it education and its imprint not just mystically but imm foreignpolicy in a foreign government, fastforward to may 2017, for having a conversation about hbcus and the road ahead. Rt of th why is that important . For over 150 years they have been an important part of the american Higher Education landscape. Like many others have challenges in the regulatory scheme as well as the School Finance and others. Because hbcus educate more students were firstgeneration maybe who are lowincome, students of color but frankly all students for different races backgrounds and creeds, theres a unique role they play ineep tt education and lawmakers in philanthropy should keep that in mind. We have seen great things the large number of people who go on to phds particularly in the sciences theres a number of challenges as well. We had the closure of st. Paul college in virginia. We have a number of schools on the part of bankruptcy in a number of students are leaving college with debt. Nversati today we have four people were wellversed in thisose who conversation. For those watching via lifestream or cspan the is future state of hbc you. Often times out read a question i receive on my phone. Number two, were going to have four speakers they will come up one at a time. They will provide overview remarks for ten minutes. At the conclusion we will make our way here for a dialogue. Well talk for about 25 minutes and then open up for audience q a. Elevator first speaker doctor michael who is president of the United Negro College fund. He represents 37 private hbcus not only does he know this issue but is also a graduate of Morehouse College and since hes ready to get here i will steal his thunder. [applause] thank you. I want to thank you for yourforr leadership in bringing this very important conversation to the American Enterprise institute. I live in the neighborhood so im also going to welcome you. I watch this renovation occur and wondered when they were going to invite me inside. I think we often do talk about hbcus and its important not to take this occasion to talk aboun the road ahead. To talk about the future and innovation and change. To recog we recognize the importance of institutional change through our advocacy and work to build institutional capacity. We understand Higher Education is at a crossroads where they need to be to reorient the to Business Model to be more student ready. They been providing scholarships for students for 75 years. We ward about 100 million in scholarships annually to over 10000 students. We have assisted nearly half a Million Students and help them earn college degrees. We have witnessed a significant shift in student demographic and petitions. Today students are radically different from those of yesteryear. Today students grope with the world at their fingertips in 140 characters or less, Technology Connects this generation in a way i could not have imaginedge back in the dark ages of my youth. Technology is moving at a pace significantly faster than Higher Education. A faster pace than Higher Education require most institutions not just hbcus togi reimagine what it means to effectively teach and learn very importantly prepare students for careers in the 21st century workforce Education Matters mort than ever before. By 2025, 65 of all new jobs will require postsecondary training. Within the Fastest Growing field, stem and healthcare, 92 and 95 respectively of all new jobs will require postsecondary training credentials. Today, the pipeline of graduates to fill these jobs across all demographics is insufficient. For africanamerican students, these concerns are more acute than their significantlyd underrepresented in the major such as Computer Science and engineering. There is still a penalty for being black. This is my visual. This is why we im trying to be energetic are excited with the longterm supporter. We are law working with the longterm supporter, the Lilly Endowment inc. Of indianapolis indiana. To assist 23 historically black colleges and university and will predominantly as asic to ensure our institutions are graduating students ready to survive and thrive in the 21st century workplace. Were doing that with a 50 milliondollar grant from lily. An investment and forward thinking and innovation. Other institutions are pursuing a threepronged approach to improving outcomes for theirpr respective institutions. If you are more detail go to our website but the first thing where doing this trying to change that fouryear, five or six Year Experience which will more before your experience for being more opaque for the student to being transparent. Will be at all over the opportunity landscape to be a more narrowly focused. We call that creating intentional guided pathways for students. In order to create those pathways were going to have to take on some of the sacred cows on institutional campus. And gerard noted, former faculty member as well. The hardest thing to do is change curriculum. For students were spending a lot of money to get an education and all too often not finding Employment Outcomes at the end of the rainbow, we can keep doing what were doing. It has to begin by building foundations. To reimagine content and delivery to ensure what we are teaching in the classroom is applicable outside the classroom. That at least two not just a degree but meaningful employment and careers. We are increasing expectations which are students have the necessary experiential opportunities as well. Through integrated Co Curricular engagement. Internships are not nice to have, internships are essential. Employees are looking earlier more often and more carefully at talent. They want to see how the talent translate what i learned in the classroom to what i learned in the workplace. We see that in the technology but they are leaders in this. While the primary outcome ofmart this work is gainful employment for graduates, we also seek to improve outcomes around the way. Focusing on improving retention rates Graduation Rates very important, time to degree. Six six years is too long intoe expensive. The shorter we can make it the more efficient and the better for students. Some institutions are developing stackable credentials. Whereby have students need to step up before completion of their bachelor degree they will at least have a credential that will give them a leg up on the labor market and they can be employed meaningfully. So many people are going in and out of Higher Education and not going immediately to a degree attainment. The success of this initiative is not just determined by the outcomes of the 55000 students the cpi survey annually, for you and cf success it means we document what we are learning ensure that information to ensure other education institutions can learn from the innovative models that we set forth by her cohort institutions. To do this you and cf partners with institutions by providing them with Technical Assistance to improve the capacity to execute the work by documenting what were learning thoroughly to outcomes we seek. The work these institutions are endeavoring to do now will be critical to the success of the future. I look for to discussing the details with you. M as we think about this, the investment these young people are making a not so young people are making in their education in terms of time and costs are significant. T. An today the outcome dont always warrant the investment. Africanamerican, unemployment for college black College Graduates is double that of their peers. Underemployment set a staggering 50 . We have to keep faith with the expectation of the students. By delivering to them not just the transformational elements of a liberal Arts Education but also the real and practical returns of career and employment. I look for to discussing this innovative work that were doing with you this morning. Thank you. [applause]. Our next guest is for equal opportunity for Higher Education the first female president and in her role has a unique opportunity with those predominantly black institutions. Even end of the gold profession of the naacp to being serving as the appeals administrative judge. [applause] thanks to a the i and all of the of colleagues itc representatives from the white house. So those you are in the white house and the director of communications than with a committee of the mind and it has something to do with the fact we are here today and now it is predominantly black institutions. And then to do enhance the infrastructure and to suppress the individual goals is my privilege with the outside of pro bowl Pro Bono Council where hbcu and also historically publicly white colleges is we represent this community before congress and in state legislatures and it is my humble privilege to move this community for word in for us to move the of a Community Forward to take full of vintage that michael pointed out and those that are on the horizon to live that community for were the first thing we have to do is change the narrative so as to define that we do not accept the designation to educate will income firstgeneration students. And buying mission for the progeny of the american slaves buddies institutions are richly diverse that our research intensive 42 percent of africanamericans together advanced degrees. We have for medical schools and dental schools and Public Health schools so the first step has the innovators that they are cry was at a meeting on saturday the someone reference day book small change with the involvement of the hbcu and as long as we define ourselves as underfunded and feeling they will not invest in us but the narrative is the reality suggest to do the outstanding job with excellence and diversity with leadership that the hall of the Multinational Corporation across the gamut so with the short term that is important if people think we, heinz is in hand to say we want to come to talk about how we can help you climb delighted to talk about how we can help you because if we need to the infrastructure of america you cannot do that to have an excellent and Diverse Workforce to have the principal corer in cannot do that without hbcu because they have 50 percent so the dialogue goes on this is time to tell the narrative of the returns on investment. So a the hbcu that is central to have new classrooms and laboratories whether or not they need to be reviewed because it is a suspect category from the hbcu those who are listening theyre not racebased. We have hbcu on average 30 student diverse. And those that are which predominant. Into educating those black students would open to all in doing a better job and without the racial based ethnicity. In then to sustain them. And with those of administrative bodies. In with that Capital Financing program that is still cost hbcu to get into the market and it costs hbcu more to sell the bond as long as the disparity continues that is a need for the Capital Finance program. And other data point so with those specific programs is that the endowment of hbcu is the same as the historically white colleges and universities fed is commensurate with the help let. The output to. To note that it is higher than in others so with that background so we want to share with you hbcu the Endowment Fund and also to get the africanamerican extended family. Live with that social Marketing Campaign and through those faith based organizations and from indicators anybody who has dollars to i understand moving america for word for blanton of 1 percent of the net income 1. 3 trillion expandable in come. If we invest just onetenth of 1 we could realize the goal of a 1 billion in doubted fund to invest in these tremendous institutions and that is not commensurate returning on investment and then to move them forward i will talk to about the things were doing at the federal level with the state legislators thank you for the opportunity. [applause] i mentioned in the introduction part of her career in the Legal Profession so i hear a clap on the side there is another person in the room. Johnny taylor has done a tremendous job to expand the conversation to expand hbcu read the about private republic to have 47 member institutions and to spend time in the private sector. Live those headed say paramounts studio so he brings this conversation to major Public Institutions and now we give it to johnnie taylor. [applause] the downside they knew we were going to say. So thank you michael and leslie. [laughter] and then to say i barely missed the millennial era. The issue is a that was cruel you dont say that. Good morning. So this is like an accident waiting to happen. So it is so good to be back here at 80 i. The head of the American Enterprise institute we were at the session you were here in several of you were in the room as they began talking about the transition of what we should think about not just the hbcu committee but africanamericans. So i am glad to be here so thinking about what i would say in nine minutes. So that we can consider sending our children to one of these institutions. They wont be around if we are the initial work and rose just 8 percent of africanamericans. 8 so that means 92 percent of us sending to maturity is a tischs so ask yourself as much an issue like mcdonalds live are you that burger king . So if you dont look at it that way the me struggle pro one of the tube business sectors would attack the industry is really explored with that would look like. I remember credit cardsca cover around. R came and now they will wake up . So the entire sector nd was disrupted. Must look at the future and figure out what hbcus. We all love hbcus. I dont have to answer the question is hbcus relevant . The better question is will they exist. You can be relevant but dmaut not been business. It is more than the dollars and cents. You need to look at recruiting i remember when someone graduated at 20 you were impressed and now people are graduating at 18. They are coming in with two years because of dual enrollment. The whole model has changed and we have to get with it if we genuinely care about the hbcus. At the end of the board meeting, we polled the board and said what are we going to do . We see we are part of an shrinking sector. There are fewer this year than last year and the year before. The trend is not our friend. The question was how do we, Thurgod Marshall college fund, play in this space and i can tell you we went way far. We said maybe we just represent black students. Doesnt matter where they are going to school. If i am trying to grow my business and consumers maybe i am not limited to hbcus. Maybe we need to find the students. The question is do we represent the institutions or the students . Fair question. That diverse board said hbcus need us. They are important. If we abandoned it it will give others the license to abandon the support for institutions. We will dig in, support hbcus, look at them and be appropriately critically constructively so because that is how we will ensure the hbcus are here for our children. I have to give some shout outs. We came out with a strategy and one is we have to figure out what industry wants. Industry wants diverse and they want black folks. There is a supply and demand issue and the bigger problem is in supply because coming from industry we wanted black folks. There is a supply challenge and we have to sort that. We, as you all likely heard several years from now, three years ago, apple gave us 47 million to solve that. They said you cannot talk about needing diversity in silicone valley unless you can do something about it. We have designed a plan. The initial design was that we would give them 20 engineers on the apple engineer team. This is not an apple retail store. I am talking about products, people. Literally rocket scientists here. They wanted us to find them and they said you will be lucky if you get 20. The first year, 33. This year up to 45. The talent is there but you have to show it. You cant just talk about it. You have to got to show them. We are doing that thanks to their generosity. And charles pope. I know t