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Details how admissions, scholarships, and financial aid may be reshaped when race can no longer be used, while highlighting alternative strategies for socio-economically disadvantaged and minority-dense communities. Discusses potential shifts for historically Black colleges and universities, independent schools, and nonprofit foundations’ ability to advance racial equity under civil-rights coverage limits.",{"@graph":69,"@context":114},[70,84,105],{"@type":71,"itemListElement":72},"BreadcrumbList",[73,77,79,82],{"item":74,"name":75,"@type":76,"position":8},"https://docshare.wps.com","Home","ListItem",{"item":78,"name":9,"@type":76,"position":14},"https://docshare.wps.com/document/",{"item":80,"name":40,"@type":76,"position":81},"https://docshare.wps.com/document/research-report/",3,{"item":83,"name":65,"@type":76,"position":19},"https://docshare.wps.com/document/affirmative-action-implications-for-endowments-foundations-and-the-broader-industry/583842/",{"url":83,"name":65,"@type":85,"image":86,"author":91,"headline":65,"publisher":94,"fileFormat":97,"inLanguage":63,"description":67,"dateModified":98,"datePublished":99,"encodingFormat":97,"isAccessibleForFree":100,"interactionStatistic":101},"DigitalDocument",{"url":87,"@type":88,"width":89,"height":90},"https://docshare.wps.com/thumbnails/affirmative-action-implications-for-endowments-foundations-and-the-broader-industry/583842.png","ImageObject",300,407,{"name":92,"@type":93},"Connor ","Person",{"url":74,"name":95,"@type":96},"DocShare","Organization","application/pdf","2026-11-01","2026-10-15",true,{"@type":102,"interactionType":103,"userInteractionCount":52},"InteractionCounter",{"@type":104},"ViewAction",{"@type":106,"mainEntity":107},"FAQPage",[108],{"name":109,"@type":110,"acceptedAnswer":111},"Why are foundations expected to play a major role after the decision?","Question",{"text":112,"@type":113},"The document argues foundations can advance racial equity because many nonprofit organizations have expanded services to Black, Indigenous, or other people of color. It also explains that some foundations are not covered by certain federal civil-rights statutes tied to organizations receiving specific federal funding.","Answer","https://schema.org",{"og:url":83,"og:type":116,"og:title":65,"og:site_name":95,"og:description":67},"article",{"robots":118,"canonical":83},"index,follow",{"doc_id":120,"site_id":62},583842,1792062379,{"code":4,"msg":5,"data":123},{"doc_id":120,"user_id":124,"nickname":92,"user_avatar":125,"doc_module":4,"category_id":39,"category_name":40,"doc_title":65,"doc_description":67,"doc_content":126,"file_id":127,"file_url":128,"file_type":129,"file_size":130,"view_count":52,"is_deleted":4,"is_public":8,"is_downloadable":8,"audit_status":8,"page_count":29,"language":131,"language_code":63,"site_id":62,"html_lang":63,"table_of_contents":132,"faqs":133,"seo_title":134,"seo_description":67,"update_tm":135,"read_time":136,"preview_page_count":4},687207022233,"https://ap-avatar.wpscdn.com/davatar_155a257f0dc6eb9ab79c44ca47cae57d","Affirmative Action: Implications for Endowments, Foundations, and the Broader Industry  \nBy Amanda Novello, Contributor: George Suttles  \nAffirmative action, a practice used since the 1960s to edge toward equity and address historical and ongoing injustice through higher education attainment, was struck down last month by the Supreme Court of the United States (SCOTUS). The immediate and longer term direct and indirect impacts of this ruling are vast and, in some cases, murky. In response, we’ve compiled insights into the potential implications of this ruling to educational institutions, foundations, and across the nonprofit asset management sphere.  \nAffirmative Action: Implications for Endowments, Foundations, and the Broader Industry  \nCOLLEGES, UNIVERSITIES, AND INDEPENDENT SCHOOLS   \nThe inability to use race as a factor in admissions will reduce the number of Black, Latino/a, and indigenous students at elite universities, posing a historic challenge, and potential mission risk, for institutions committed to diversity, equity, inclusion and belonging. But there are myriad strategies to hedge that risk given the ruling. As Chancellor Kevin  \nM. Guskiewicz of the University of North Carolina (UNC), defendant in the case, stated,“Our responsibility to comply with the law does not mean we will abandon our fundamental values…our university’s commitment to access and affordability and supporting a culture of belonging for everyone does not change with last week’s ruling.” As described by one of our recent policy briefs, admissions offices can orient strategies toward socio-economically disadvantaged students, especially with low family wealth, and those from segregated neighborhoods that have higher populations of minority students or poorer educational systems.  \nThe ruling also dictates that race cannot be used as a factor for scholarships and financial aid, so educational institutions will be left with narrower opportunities to support diverse students. UNC and Princeton, for example, have demonstrated that institutions may move to increase support to disadvantaged (in these cases, defined as low-income) students through full-tuition coverage. This is a critical juncture in which boards and investment committees can assess their spending distributions and make space for new programs that meet the moment.  \nHistorically Black Colleges and Universities (HBCUs) could potentially play an even more important role, with the applicant and enrollment pool of Black students seeking an HBCU education likely to further swell. A recent Goldman Sachs report showed HBCUs provide more social mobility, with half to two-thirds of the endowment assets per student compared with similar non-HBCU schools.1 However, their endowments, due to historical state and federal underinvestment and alumni contributions constrained by significant racial  income and wealth gaps,2 may prove to be a  \nlimiting factor in the ability to serve all incoming students in the ways that better-endowed institutions can.  \nAlthough the ruling does not generally apply to independent schools,3 it is possible for future rulings to pose similar restrictions. There have been cases litigated in lower courts related to the use of race in K-12 school programs that reduce barriers to quality education for students of color. A  Virginia case in which parents sued a school that promoted diversity by eliminating the use of standardized test scores, was dropped by lower courts, but some say the Supreme Court could take this issue up as well. In the meanwhile, independent schools, especially those that feed students into competitive higher education institutions, will continue to play an important role in supporting diverse students throughout their education.  \nSince the ruling, there has been increased attention surrounding other admissions practices that favor those with certain racial characteristics, namely legacy admissions. Some highly selective schools have moved to ban the p","cbCaibCFvzbEa4SY","https://ap.wps.com/l/cbCaibCFvzbEa4SY","pdf",372262,"English","# Colleges, Universities, and Independent Schools\n## Admissions constraints and mission risks\n## Scholarships and financial aid limitations\n## HBCUs and endowment capacity\n## Independent schools and future legal restrictions\n## Legacy admissions and related practices\n# Foundations\n## Advancing racial equity through nonprofit activity\n## Funding limits and civil-rights coverage gaps","[{\"question\":\"Why are foundations expected to play a major role after the decision?\",\"answer\":\"The document argues foundations can advance racial equity because many nonprofit organizations have expanded services to Black, Indigenous, or other people of color. It also explains that some foundations are not covered by certain federal civil-rights statutes tied to organizations receiving specific federal funding.\"}]","Affirmative Action - Implications for Endowments, Foundations, and the Broader Industry | PDF",1792048703,15]