About
Thurgood Marshall College Fund Inc (TMCF) is a Washington, DC-based 501(c)(3) nonprofit and the nation's foremost organization exclusively serving the Black college community. Since its founding, TMCF has championed historically Black colleges and universities (HBCUs), predominantly Black institutions (PBIs), and historically Black community colleges (HBCCs) by providing scholarships, innovative programs, and strategic partnerships spanning K-12 and higher education.
Mission
TMCF champions the Black college community through education equity initiatives, working to advance the sustainability of its member institutions and to create opportunity for their students.
What they do
- Scholarships: multiple scholarship programs for students attending HBCUs, PBIs, and HBCCs
- Programs: signature initiatives including internships, conferences, corporate scholar programs, and talent development
- Strategic partnerships: connecting member institutions and their students with major employers, including Boeing, Visa, and Wells Fargo
History
TMCF was founded in 1987 by Dr. N. Joyce Payne. Named for the first Black U.S. Supreme Court Justice, it has grown into the leading organization exclusively representing publicly supported historically Black institutions.
Scale and impact
TMCF represents 57 member institutions, which collectively educate approximately 80% of all students attending HBCUs. Under President and CEO Dr. Harry L. Williams, the organization reports revenue expansion exceeding 250%, reflecting significant growth in its capacity to support member schools and students.
Financials
Per IRS Form 990 data on ProPublica for fiscal year 2024 (year ending December 2024), TMCF reported revenue of $88,255,911, expenses of $65,707,834, total assets of $143,339,390, and net assets of $138,998,731. Contributions represented 95.8% of total revenue, at about $84.6 million.
Governance
Dr. Harry L. Williams serves as President and CEO. Per its most recent IRS filing summarized by ProPublica, TMCF maintains a board of roughly 40 or more directors, most serving without compensation.