Dr. Michael Lomax, Dr. Harry L. Williams, and Jim Runcie
By Michael L. Lomax, Harry L. Williams and Jim Runcie
At a time when higher education is facing increased scrutiny, economic headwinds, and technological disruption, a group of institutions is charting a new path forward—one grounded in legacy, strengthened by collaboration and built for the future. These are historically Black colleges and universities (HBCUs). And they are proving that with the right investments and strategic partnerships, transformation is not only possible—it’s scalable.
Four years ago, UNCF, Thurgood Marshall College Fund (TMCF) and Ed Advancement launched the HBCU Transformation Project—a collective effort to strengthen institutional sustainability, enhance student success and modernize campus operations across a growing network of these mission-driven institutions.
The results speak volumes. Between 2020 and 2024, while national higher education enrollment declined, institutions participating in the HBCU Transformation Project grew their enrollment by 5.1%. In an era of enrollment contraction, these colleges are not only holding the line—they’re expanding their impact.
“This effort is rooted in a networked approach,” according to Dr. Michael L. Lomax, president and CEO of UNCF. “When we combine institutional insight with philanthropic investment and aligned technical support, we can accelerate change in ways that benefit students, campuses and communities.”
The initiative currently supports more than 40 HBCUs—from urban campuses to rural colleges—each selected to represent the diversity and strength of the sector. Through this initiative, campuses have redesigned their enrollment systems, implemented new technology platforms, modernized financial aid processes and invested in data-informed student support services.
What ties these efforts together is a shared commitment to transformation to secure long-term institutional health and improve outcomes for students. It’s about building the infrastructure that allows these colleges to thrive in a fast-evolving higher education marketplace.
“Our students need more than degrees. They need meaningful pathways to jobs, leadership and advancement,” according to Dr. Harry L. Williams, president and CEO of TMCF. “This work ensures our institutions are positioned to align with 21st-century workforce needs, opening doors to opportunity.”
Beyond enrollment and academic programs, the Transformation Project is helping these institutions rethink how they operate. By investing in operations, shared services and scalable back-office solutions, the initiative is removing the all too pervasive obstacles of outdated systems and under-resourced departments. We are making foundational changes that will yield a lasting impact.
Jim Runcie, CEO of Ed Advancement, put it simply: “We’re helping institutions do what they already do well—but with the right tools, systems and capacity behind them. Sustainable growth starts with operational strength.”
The economic importance of HBCUs cannot be overstated. According to UNCF’s 2024 Economic Impact Report, these institutions generate $16.5 billion annually and support over 136,000 jobs nationwide. Their graduates—from engineers to educators, scientists to entrepreneurs—fuel industries, build communities and lead across sectors.
And yet, this value has too often gone underrecognized. The HBCU Transformation Project is shifting that narrative—moving from proof-of-concept to proof-of-impact.
UNITE 2025, UNCF’s annual convening of institutional leaders and strategic partners, will spotlight this progress. With the theme Together We Lead, UNITE is the premier platform for sharing solutions, surfacing new ideas and catalyzing partnerships. It’s where transformation moves from theory to practice.
Looking ahead, the path is clear. We must continue to strengthen these institutions—through technology, leadership development, data utilization and investment. The transformation of HBCUs is a smart strategy for the future of American higher education and for maximizing the opportunity to link arms with international partners, seeking to mobilize global communities in a different way.
Now is the time for more partners—investors, policymakers, employers and innovators—to join us. The groundwork has been laid. The momentum is building. And the opportunity is real.
Together, we lead.
Dr. Michael L. Lomax is president and CEO of the United Negro College Fund (UNCF).
Dr. Harry L. Williams is president and CEO of the Thurgood Marshall College Fund (TMCF).
Jim Runcie is CEO and co-founder of the Partnership for Education Advancement.
