p. 18

- 5 -

Education for leadership is a fine phase. It has a certain ring to it.
But it is as expensive to achieve as it is necessary. And these UNCF
institutions have just about everything but money. Until a decade or more
ago, most of their graduates went into teaching or the ministry. Few found
real opportunities open to them in business or the professions. As a result, today
these 41 private colleges and universities to not have a wealthy alumni body to
fall back upon; they have only modest endowments at best; and a large number of
their students still come from families earnings $5,000 or less per year.
They need financial help if they are to accomplish all that American society
now expects of them.

One reason we all expect so much is because these UNCF schools
have already accomplished so much - - and with so little. Despite their
financial handicaps, they have succeeded in moving into the mainstream
of American higher education. Four of them, for example, have entered
into a five-year cooperative engineering program with [[Georgia Tech]]; another
has just started a similar program with the [[University of Drayton]]. One has
launched an Institute for Contemporary Politics; and still another has joined
the [[University of Southern California]] in a cooperative program to produce
more specialists in public education.