Stephen A. Smith discusses HBCU funding and corporate spending concerns

Stephen A. Smith met with Donald Trump at a White House dinner, where he also met Bill Maher. Later, Smith discussed his meeting on Fox News, noting that he raised concerns about support for Historically Black Colleges and Universities (HBCUs) with the administration. Smith stated that while the federal government allocated funds for HBCUs via the Futures Act, private corporations were hesitant to increase spending due to fears of being targeted for engaging in racial preferences.

The discussion highlighted a tension between federal funding for HBCUs and the reluctance of private corporations to engage in related spending. Smith noted that private companies were cautious about spending due to concerns over racial preferences, despite the federal allocation of $255 million annually to Black colleges.