AT&T is conspicuous by its presence in support of the post-second ary education of youth especially those of diverse backgrounds. Much, though certainly not all, of this support is provided through grants to Historically Black Colleges and Universities (HBCUs), majority colleges and universities and to the United Negro College Fund. AT&T supports HBCUs for reasons not dissimilar to those of other donors. Before I describe them, let me place our philanthropy and support for higher education in a broader context framed by the unique role played by corporate philanthropy and the special niche AT&T has tried to carve among corporate donors. Let me begin my remarks by providing a snapshot of philanthropy within contemporary society. Then, I will describe a style of philanthropy practiced by an increasing number of corporate grantmakers. Called "strategic philanthropy," it ties corporate giving closely to business strategy. I'll present AT&T's strategic approach, then close by describing AT&T's commitment to post-secondary education with a focus on our support of HBCUs.