Fundraising Efficiency

TMCF has raised more than $200 million since its inception in 1987 to support the 47 publicly-supported Historically Black Colleges and Universities (HBCUs) and the nearly 300,000 students matriculating on the campuses. With federal funds supporting our member-schools being cut and 86% of students requiring financial aid assistance, the need for our work is critical and constantly growing. TMCF is registered with every charitable regulatory agency in every required state and has been given high ratings for standards by Charity Navigator. TMCF’s fiscal year begins on January 1 and ends on December 31.

TMCF is audited annually and in addition to the filing of all required tax reports, files an IRS 990. The links for the most current reports and filings can be found below.

Audited Financial Statements

990 Tax Forms

How the Funds Are Raised

Most of our money comes from:
  • Corporations
  • Foundations
  • Federal Government Agencies
  • Individual Donors
  • Workplace Campaigns
  • Direct Marketing
  • Fundraising Events


How the Funds Are Spent

  • 86% goes to provide programmatic support
  • 11% goes towards administrative costs
  • 3% goes towards fundraising