Press Release

A Victory for Affordability: Student Spending on Course Materials Declines 22% During the 2021-2022 Academic Year

A Victory for Affordability: Student Spending on Course Materials Declines 22% During the 2021-2022 Academic Year

New Report from Independent Research Firm Student Monitor Finds Decade Long Decline of 44% in Student Spending in the Category

Average student spending on college course materials, including textbooks and digital materials, declined 22% during the 2021-2022 academic year according to new data reported today by independent research firm Student Monitor.  The trend continues a decade long decline according to the research firm, with student spending on the category dropping a dramatic 44% between the 2011-12 and 2021-22 academic years.

“Course materials are more affordable now than at any time in the past decade,” commented Eric Weil, Managing Partner, Student Monitor. “Student spending dropped 22% during the most recent year, coming in at an average of just $314, in large part because Students are tailoring their purchases to the requirements of their individual courses, and taking full advantage of some of the new affordable options.”

The $314 in average student spending on course materials during the 2021-2022 school year reflected an average $101 spend for new, printed textbooks; $69 for used, printed textbooks; $47 for rented, printed textbooks; and $97 for eTextbooks.

Freedom of Choice: Providing Faculty and Students with Options

“Higher education publishers have continued to focus on both quality and affordability, and the results have been remarkable,” commented Kelly Denson, Vice President, Education Policy and Programs, AAP. “Even as student spending on course materials has declined during the past decade — dropping a substantial 44% — publishers have dramatically expanded their offerings, providing high-quality content and courseware within delivery models like Inclusive Access, and print rental in addition to other formats like digital, loose leaf print, custom solutions, and individual learning apps. The result gives both faculty and students the freedom and flexibility to choose the materials that work best for them.”

Methodologies

Student Monitor conducts hour-long, one-on-one, on campus intercept interviews among 1,412 four-year, full-time undergraduates attending 94 representative colleges and universities.

“Student Monitor’s findings reflect comprehensive, in-depth discussions held with students to find the actual costs associated with purchasing college course materials,” commented Student Monitor’s Weil. “Our findings consistently show a downward trend in student spending, illustrating the long-term trend of greater affordability in the course material environment.”

Press Release

Raúl Figueroa Sarti founder of F&G Editores Delivers Acceptance Speech for the AAP International Freedom to Publish | Jeri Laber Award During 2022 Annual General Meeting

Raúl Figueroa Sarti founder of F&G Editores Delivers Acceptance Speech for the AAP International Freedom to Publish | Jeri Laber Award During 2022 Annual General Meeting

Raúl Figueroa Sarti, founder of F&G Editores, Guatemala, delivered a pre-taped speech accepting the 2021 Association of American Publishers International Freedom to Publish | Jeri Laber Award during AAP’s Annual General Meeting on Monday, May 9th.

In introducing Mr. Figuero’s speech Terry Adams, Digital and Paperback Publisher, Little, Brown and Company, and Chair, AAP Freedom to Publish Committee commented that the annual award “honors a publisher outside the United States, who has demonstrated courage and fortitude in defending freedom of expression. It’s no secret to any of us in this virtual room, the truth is under constant assault today and people who publish the truth are embattled and at risk around the world.

“In conferring this award, the AAP is guided by the principle that if one of us is denied the right to publish that threat affects us all. The winner of this year’s award is a publisher in Guatemala, a country where political turmoil in the late 20th century cost untold thousands of lives, and where the democratic institutions put in place in recent decades, continue to be fragile with human rights, including freedom of expression, constantly challenged.

“Despite frequent threat from official sensors and silencers, the independent publishing company F&G Editores has managed to publish many significant new works of Central American literature, as well as government documents compiled purportedly for public consumption, but because they were considered embarrassing to certain people in power, the Guatemalan Government has actively sought to suppress. Through perseverance and despite harassment F&G Editores has grown to become one of Central America’s pre-eminent publishing companies.”

A video of Raúl Figueroa Sarti’s full speech can be seen here:

About F&G Editores, Guatemala

F&G Editores was founded in 1993 by Raúl Figueroa Sarti, who continues to run the house.

Guatemala emerged 25 years ago from a 36-year armed conflict in which 200,000 individuals, mostly indigenous people, lost their lives, and more than 40,000 disappeared, whereabouts still unknown today. Since then, drug lords, gangs, corrupt politicians, and military officers have created an environment that is highly challenging. 

Despite significant personal danger, Mr. Figueroa Sarti has chosen to build his publishing house in Guatemala, in the process serving as an activist for a humane civil society in a region torn by war and corruption. 

As a result of his unrelenting activism while running F&G Editores Mr. Figueroa Sarti has received numerous personal threats over the years, some direct and others veiled. In 2009, he faced false charges as part of a campaign designed to paralyze his publishing operation. He initially received a one-year prison sentence, which was later suspended. He has subsequently been targeted by both the government and far right business groups who have launched a series of smear campaigns falsely alleging financial wrongdoing, among other allegations.

Since its launch F&G Editores has earned an unquestionable reputation for excellence, publishing some the most important fiction and non-fiction in Central America.

In 1997, F&G published an edition of the Guatemalan criminal procedure code that immediately became one of the best-selling books in the country, rolling through five editions in a single year. The debut of this volume marked the first time that court decisions and law changes were ever published in Guatemala. From the editorial perspective, the quality of paper, interior design, format, cover design, and binding of this compendium was considered unique in Guatemala.

Over the course of its existence, F&G Editores has published more than 180 titles, including the works of Guatemala’s Miguel Ángel Asturias, 1967 Nobel Prize for Literature, and texts by other important Guatemalan writers, including a series entitled Miguel Ángel Asturias National Prize Collection for Literature that showcases texts by award-winning authors such as Rodrigo Rey Rosa, Marco Antonio Flores, David Unger, and Arturo Arias.

F&G Editores has also published numerous non-fiction titles that have put Mr. Figueroa Sarti’s life in jeopardy in Guatemala, including:

Lineage and Racism in Guatemala. Published in 2005, 14 years after its first edition in Costa Rica, this book exposed racism against the Mayan peoples.

  1. State Crime: The Parlacen Case. Published in 2011, this book brought to light the involvement of state security forces in the murder of Salvadoran deputies in Guatemalan territory, and later the murder in prison of the police officers accused of the crimes.
  2. Convicted of Genocide. In 2013 this book revealed that General Ríos Montt was convicted of genocide, a sentence that had been officially concealed by the courts.
  3. From the Barracks. Another Vision of Guatemala. Published in 2017, this book revealed the vision of a progressive military man in the Guatemalan army who denounced the links between the military leadership and the economic elite.
  4. Guatemala: Causes and Origins of the Internal Armed Conflict; Conclusions and Recommendations. Published in 2019, this book includes excerpts from the voluminous report prepared after the signing of the 1996 Peace Accords that ended the 36-year internal war which Guatemalan authorities had tried to conceal.
  5. The Back Courtyard: The Hour of the Comedian. Published in 2019, this book reveals the corrupt regime of former president Jimmy Morales and his links with the powerful economic elite that for decades sponsored war in Guatemala.
  6. Dissent and Discipline. Published in 2021, this non-fiction book exposed methods put into practice to “discipline” businessmen who demonstrated against corruption in Guatemala in 2015 and 2016.

In 2021 F&G Editores planned to publish 12 books, seven of which are literature and five of which deal with social and political issues in Guatemala. 

F&G Editores was also among the five publishers shortlisted for the International Publishers Association (IPA) 2021 IPA Prix Voltaire, an award that recognizes exemplary courage in upholding the freedom to publish and in providing a platform, through print or digital media, for others to exercise their right to freedom of expression.

About the AAP International Freedom to Publish | Jeri Laber Award:

The International Freedom to Publish Award, which was established in 2002, recognizes a publisher outside the United States who has demonstrated courage and fortitude in defending freedom of expression. The Award, which includes a cash prize, is named in honor of Jeri Laber, a co-founder of Human Rights Watch and founding member of AAP’s Freedom to Publish Committee. In some instances, the honoree’s particular circumstances may prevent him or her from accepting the award or communicating in person.

Previous recipients of the award include Bangladesh-based Jagriti Publishing House in 2020; South Africa–based NB Publishers in 2019; and in 2018 Azadeh Parsapour, a London-based publisher of censored Iranian authors.

About AAP:

AAP | The Association of American Publishers represents the leading book, journal, and education publishers in the United States on matters of law and policy, advocating for outcomes that incentivize the publication of creative expression, professional content, and learning solutions. As essential participants in local markets and the global economy, our members invest in and inspire the exchange of ideas, transforming the world we live in one word at a time. Find us online at publishers.org, or on twitter at @AmericanPublish.

Press Release

Senator Thom Tillis Receives AAP’s 2022 Award for Distinguished Public Service

Senator Thom Tillis Receives AAP’s 2022 Award for Distinguished Public Service

Today before more than 1,200 members and guests of the Association of American Publishers Senator Thom Tillis (R-NC), Ranking Member of the Senate Intellectual Property Subcommittee, received the AAP’s 2022 Award for Distinguished Public Service. The Award honors individuals who have made “outstanding contributions to the public good by advancing laws or policies that respect the value, creation and publication of original works of authorship.”

“Throughout his tenure as Chair and Ranking Member of the Senate Intellectual Property Subcommittee, Senator Tillis has been a steadfast supporter of the copyright framework that is foundational to an informed and inspired society,” commented Maria A. Pallante, President and CEO, Association of American Publishers. “He has elevated the discussion of copyright issues in important and meaningful ways because he understands that authors, artists, publishers, and producers are essential to the public interest and our modern global economy.”

In accepting the award Senator Tillis said, “Thank you to the Association of American Publishers for this award. I am proud to be an adamant champion for strong, reliable, and predictable intellectual property rights, especially when it comes to copyright and the publishing industry. As Ranking Member of the Senate Judiciary IP Subcommittee, I will continue to protect IP and fight copyright infringement as we work at home and abroad to protect your work.”

Among his many acts of leadership, Senator Tillis has led a year-long series of hearings on the Digital Millennium Copyright Act with an eye to demanding more accountability from websites that harbor infringing content. He introduced the SMART Copyright Act, a bill that would provide tools to better identify and prevent copyright infringement. He was instrumental in passing groundbreaking legislation to manage copyright small claims, and he championed and passed important legislation to modernize the penalties for unlawful streaming, a form of access that has become ubiquitous for all kinds of authorship, including music, film, videogames, and audiobooks.

AAP’s Annual Meeting

Senator Tillis accepted the award virtually during AAP’s yearly gathering of member companies and invited guests, which also featured leadership reports from Ms. Pallante and Chairman of the Board Michael Pietsch, CEO of Hachette Book Group; keynotes from historian and Pulitzer-prize winning author Anne Applebaum; actor, producer, and author Viola Davis; transformational policymaker and American Psychological Association CEO Dr. Arthur C. Evans; and Idina Menzel, singer and songwriter, and her sister Cara Mentzel, writer and teacher, who have authored a children’s book together. In addition, in video-taped remarks translated from Spanish, Raúl Figueroa Sarti accepted the International Freedom to Publish Award on behalf of Guatemalan publishing house F & G Editores for its courageous work in the face of government censorship and intimidation.

About Senator Tillis

Senator Tillis was first elected to represent North Carolina in 2014 and is currently serving in his second term after being re-elected in 2020. He is a member of the Senate Armed Services Committee, Veterans’ Affairs Committee, Banking, Housing, and Urban Affairs Committee, and Judiciary Committee, where he serves as the Ranking Member of the Intellectual Property Subcommittee. Before serving in the Senate, he was Speaker of the House in the North Carolina General Assembly where he played an instrumental role in enacting job-creating policies, reforming North Carolina’s tax and regulatory codes, and incentivizing clean energy and the protection of national parks.

About AAP

AAP | The Association of American Publishers represents the leading book, journal, and education publishers in the United States on matters of law and policy, advocating for outcomes that incentivize the publication of creative expression, professional content, and learning solutions. As essential participants in local markets and the global economy, our members invest in and inspire the exchange of ideas, transforming the world we live in one word at a time. Find us online at publishers.org or on Twitter and Instagram at @AmericanPublish.

Press Release

AAP Welcomes 2022 USTR Special 301 Report Addressing Copyright Protection and Enforcement Issues in Key Markets

AAP Welcomes 2022 USTR Special 301 Report Addressing Copyright Protection and Enforcement Issues in Key Markets

The Association of American Publishers (AAP) welcomes the release of the 2022 Special 301 Report by the Office of the U.S. Trade Representative (USTR). The Special 301 Report serves the critical function of identifying continuing impediments to the ability of U.S. copyright owners to compete successfully in foreign markets, including markets of importance to the U.S. publishing industry.

China remains on the Priority Watch List, with the Report again noting the prevalence of online piracy and the significant obstacles to releasing legitimate content into the market, given China’s stringent content review requirements. While Canada has made progress with respect to the certain IP and enforcement issues, per its obligations under the U.S.-Mexico-Canada Agreement, the country continues on the Watch List, given the U.S government’s continuing concerns with the “ambiguous education-related exception added to the copyright law in 2012,” and “high levels of online piracy.”    

“AAP is grateful for the work of USTR and its interagency colleagues highlighting areas of concern for U.S. rights holders, including publishers, through the Special 301 process. These efforts promote the importance of a robust copyright protection and adequate enforcement framework – essential to publishers’ continued ability to deliver engaging content that informs, educates, and entertains,” said Lui Simpson, Senior Vice President for Global Policy at AAP.

The 2022 Special 301 Report is available here.

Press Release

Statement from Maria A. Pallante, President and CEO, Association of American Publishers on the Passing of Senator Orrin Hatch

Statement from Maria A. Pallante, President and CEO, Association of American Publishers on the Passing of Senator Orrin Hatch

We are saddened by the passing of Senator Orrin Hatch, a dedicated public servant who among many other accomplishments was a champion of American creativity. As a lawmaker, he demonstrated deep and unwavering respect for the contributions of authors and artists to society, and he prioritized the importance of U.S. intellectual property in countless trade and international agreements, including bringing the United States into the Berne Convention copyright treaty that is the basis of modern global protection and reciprocity.  Senator Hatch leaves us with a remarkable copyright legacy as well as numerous contributions to the American songbook.  With appreciation and sadness, we extend our condolences to his family, staff, and countless constituents and friends in Utah, across the country, and around the world.

Press Release

AAP Joins Amicus Brief in Missouri State Conference of The National Association for The Advancement Of Colored People (NAACP) v. Wentzville R-IV School District

AAP Joins Amicus Brief in Missouri State Conference of The National Association for The Advancement Of Colored People (NAACP) v. Wentzville R-IV School District

The Association of American Publishers (AAP) has joined the American Booksellers for Free Expression, the Authors Guild, and the Comic Book Legal Defense Fund in submitting an amicus brief in support of the NAACP’s motion for a preliminary injunction in a case challenging the removal of books from school libraries in the Wentzville School District in Missouri. The banned books include The Bluest Eye by Toni Morrison; Heavy by Kiese Laymon; Modern Romance: An Investigation by Aziz Ansari, a comedian, and Eric Klinenberg, a sociologist; Gabi, A Girl in Pieces by Isabel Quintero; Fun Home: A Family TragiComic by Alison Bechdel; Invisible Girl by Lisa Jewell; All Boys Aren’t Blue by George M. Johnson; and Lawn Boy by Jonathan Evison.

The brief explains that the “Supreme Court has ruled in many contexts that the First Amendment protects minors as well as adults, and that minors have a constitutional right to speak and to receive the information and ideas necessary for their intellectual development and their participation as citizens in a democracy, including information about reproduction and sexuality.” The brief makes the case that the banned books cited are First Amendment-protected, and do not meet any of the Supreme Court’s requirements for finding materials constitutionally unprotected as to minors, but rather “have serious literary, artistic, political or scientific value for minors, as evidenced by the dozens of awards and plaudits” they’ve received.

“Nothing has been put forward by the School Board, nor do [AAP and the other amici] believe there can be anything, to demonstrate that taken as a whole, any of the Banned Books appeal to the prurient interests of minors; . . . are patently offensive to the adult community as to what is suitable for minors; . . .[or] lack serious value.” Furthermore, in “removing the Banned Books, the [School] Board failed to consider the vale of the Banned Books to older minors and their constitutional rights.”

The School Board’s action to remove these First Amendment-protected books from school libraries “is unconstitutional and should be enjoined. Any such restriction, even for a limited period, is unconstitutional.”

Read the full brief here.

Press Release

Comment from Maria A. Pallante, President and CEO, Association of American Publishers on the Confirmation of Kathi Vidal as Under Secretary for Intellectual Property and Director of the U.S. Patent and Trademark Office

Comment from Maria A. Pallante, President and CEO, Association of American Publishers on the Confirmation of Kathi Vidal as Under Secretary for Intellectual Property and Director of the U.S. Patent and Trademark Office

We congratulate Kathi Vidal on her confirmation as Under Secretary for Intellectual Property and Director of the U.S. Patent and Trademark Office at the Department of Commerce, following U.S. Senate approval on April 5th. With extensive experience as a patent litigator and broad-based knowledge of the IP industries, Ms. Vidal is well positioned to advise the Administration on a variety of domestic and international IP issues — including copyright policy — and to lead the U.S. delegation to the World Intellectual Property Organization (WIPO), the intergovernmental body responsible for many IP instruments, including the Berne Convention and WIPO Internet Treaties. We look forward to working closely with Ms. Vidal to ensure that U.S. IP industries continue to drive innovation, job creation, and the economy.

Press Release

AAP JANUARY 2022 STATSHOT REPORT: PUBLISHING INDUSTRY UP 3.7% FOR FIRST MONTH OF 2022

AAP JANUARY 2022 STATSHOT REPORT: PUBLISHING INDUSTRY UP 3.7% FOR FIRST MONTH OF 2022

Trade (Consumer Book) Revenues up 4.3% in January 2022

The Association of American Publishers (AAP) today released its StatShot report for January 2022 reflecting reported revenue for all tracked categories, including Trade (Consumer Books), K-12 Instructional Materials, Higher Education Course Materials, Professional Publishing, and University Presses.

Total revenues across all categories for January 2022 were up 3.7% as compared to January 2021, coming in at $1.3 billion.

Trade (Consumer Books) Revenues

Trade (Consumer Books) sales were up 4.3% in January, coming in at $720.6 million. 

In terms of physical paper format revenues during the month of January, in the Trade (Consumer Books) category, Hardback revenues were up 6.9%, coming in at $261.4 million; Paperbacks were up 8.7%, with $250.6 million in revenue; Mass Market was down 1.8% to $19.1 million; and Special Bindings were down 8.5%, with $15.2 million in revenue. 

eBook revenues were down 10.1% for the month as compared to January of 2021 for a total of $81.5 million. The Downloaded Audio format was up 5.0% for January, coming in at $62.1 million in revenue. Physical Audio was down 38.2% coming in at $1.2 million.

Religious Presses

Religious press revenues were up 11.0% in January, coming in at $64.7 million. Hardback revenues were up 8.4% to $38.1 million in revenue, Paperback revenues were up 16.4% to $11.5 million, Downloaded Audio revenues were up 3.1% at $2.7 million, and eBook revenues were down 11.6% coming in at $3.4 million.

Education

During January of 2022 Education revenues were $493.3 million, up 3.8% compared with January of 2021.

Revenues from Higher Education Course Materials were up 0.8% for the month, as compared to January of 2021, coming in at $445.8 million.

PreK-12 Instructional Materials revenues were up 44.1% for January 2022, at $47.5 million. More in-depth information on PreK-12 Books and Materials Monthly is included in AAP’s PreK-12 monthly report.

The performance of the Education categories during this month may reflect multiple factors, including rebounding business post-COVID.

Professional Books

Professional Books, including business, medical, law, technical and scientific, were down 5.0% during the month, coming in at $31.6 million.  

AAP’s StatShot

AAP StatShot reports the monthly and yearly net revenue of publishing houses from U.S. sales to bookstores, wholesalers, direct to consumer, online retailers, and other channels.  StatShot draws revenue data from approximately 1,368 publishers, although participation may fluctuate slightly from report to report. 

StatShot reports are designed to give ongoing revenue snapshots across publishing sectors using the best data currently available. The reports reflect participants’ most recent reported revenue for current and previous periods, enabling readers to compare revenue on both a month-to-month and year-to-year basis within a given StatShot report.

Monthly and yearly StatShot reports may not align completely across reporting periods, because: a) The pool of StatShot participants may fluctuate from report to report; and b) Like any business, it is common accounting practice for publishing houses to update and restate their previously reported revenue data. If, for example, a business learns that its revenues were greater in a given year than its reports first indicated, it will restate the revenues in subsequent reports to AAP, permitting AAP in turn to report information that is more accurate than previously reported.

Press Release

AAP Applauds Ranking Member Tillis and Chairman Leahy for Introducing the SMART Copyright Act

AAP Applauds Ranking Member Tillis and Chairman Leahy for Introducing the SMART Copyright Act

Today, Senate Judiciary Intellectual Property Subcommittee Ranking Member Thom Tillis (R-NC) and Chairman Patrick Leahy (D-VT) introduced the SMART Copyright Act of 2022, a bill designed to require tech platforms to implement technical measures to identify and protect copyrighted works from infringement online. Following is the statement of AAP President and CEO, Maria A. Pallante, on the bill’s introduction:

“We applaud Ranking Member Tillis and Chairman Leahy for introducing the SMART Copyright Act. For far too long, tech platforms have failed to live up to their end of the bargain in the Digital Millennium Copyright Act (DMCA), and instead have consistently evaded their commitment and responsibility to work together with copyright owners to use standard technical measures to identify and protect copyrighted works from infringement online. As a result, nearly 25 years after the DMCA’s enactment, not a single technical measure has been ruled to be a “standard technical measure” under the law, despite the widespread presence of effective technological solutions that tech platforms could and should implement.

We thank Ranking Member Tillis and Chairman Leahy for their leadership in recognizing this serious problem in the DMCA and working to address it by creating a triennial rulemaking process at the U.S. Copyright Office to designate technical measures that platforms must implement. We are deeply grateful for the Senators’ longstanding support of a modern and effective copyright system, and we look forward to working together with them and their colleagues in Congress as this bill is considered.”

Press Release

APPLICATION DEADLINE FOR AAP-UNCF PAID INTERNSHIP PROGRAM APPROACHING

APPLICATION DEADLINE FOR AAP-UNCF PAID INTERNSHIP PROGRAM APPROACHING

Paid Internship Program Available to Minority Juniors and Seniors Attending Any College or University Throughout the United States

Washington, DC —The Association of American Publishers (AAP) and UNCF (United Negro College Fund) Internship Program is accepting applications for the seventh year of its partnership to provide paid summer internships to students with an interest in pursuing a career in the publishing industry. Minority college students who are juniors and graduating seniors from any accredited college or university in the United States are eligible for this program.

The deadline to apply for this year’s program is March 21, 2022.

This year, AAP-UNCF Internship Program will provide paid summer internships at AAP member publishing companies including Bloomsbury, Elsevier (RELX), Hachette Book Group, HarperCollins Publishers, Holiday House Publishing, Macmillan Publishers, Peachtree Publishers, Scholastic, and W.W. Norton & Company, as well as at AAP itself. For the summer of 2022 the program will have the capacity to accommodate 10 students.

“We are extremely proud of our long-standing, now seven-year, partnership with AAP and thrilled to be able to provide underrepresented students with this extraordinary opportunity to gain first-hand experience in the publishing industry,” said Taliah Givens, senior director of student professional development programs, UNCF.

“We see the AAP-UNCF partnership as a powerful force for bringing talented new voices to the publishing space,” said Syreeta Swann, Chief Operating Officer, AAP. “As the publishing industry continues to grow and change, we are excited to give students the opportunity to be a part of creating the future for careers in publishing.”

History of the AAP – UNCF Partnership

Initiated in 2016, the program has provided nearly 50 internships to date giving rising and graduating seniors opportunities to learn the business of publishing while working directly with executives responsible for bringing important knowledge and stories to readers every day. Internships have been secured in Washington, DC, New York, Boston, Princeton, and St. Louis, and the program is expanding to Atlanta this year.

Program Requirements

Applicants with a minimum GPA of 3.0, a record of leadership and community service, and strong writing skills are encouraged to apply online here.

###

About AAP

AAP | The Association of American Publishers represents the leading book, journal, and education publishers in the United States on matters of law and policy, advocating for outcomes that incentivize the publication of creative expression, professional content, and learning solutions. As essential participants in local markets and the global economy, our members invest in and inspire the exchange of ideas, transforming the world we live in one word at a time. Find us online at publishers.org/news, on twitter at @AmericanPublish, and at LinkedIn at linkedin.com/company/association-of-american-publishers-aap.

About UNCF

UNCF (United Negro College Fund) is the nation’s largest and most effective minority education organization. To serve youth, the community and the nation, UNCF supports students’ education and development through scholarships and other programs, supports and strengthens its 37 member colleges and universities, and advocates for the importance of minority education and college readiness. UNCF institutions and other historically Black colleges and universities are highly effective, awarding nearly 20% of African American baccalaureate degrees. UNCF administers more than 400 programs, including scholarship, internship and fellowship, mentoring, summer enrichment, and curriculum and faculty development programs. Today, UNCF supports more than 60,000 students at over 1,100 colleges and universities across the country. Its logo features the UNCF torch of leadership in education and its widely recognized trademark, ‟A mind is a terrible thing to waste.”