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Out of the 101 HBCUs that exist today, 49 are private institutions (NCES, 2019). Private HBCUs compared to public HBCUs experience a greater financial struggle due to the lack of state funding that public institutions are fortunate to receive (Leathers & Okpala, 2020). Additional philanthropic approaches are needed to be documented to assist the “fiscal health” of all HBCUs (Leak & Reid, 2010). Drezner (2010) notes that more theoretical theories need to be develop toward creating donors in “African American communities” and specifically at private Black colleges (Drezner, 2009). As African Americans in philanthropy are among a small percentage in fundraising, this critical literature review will highlight Black professional voices and explore how these institutions raise funding for private institutions.