First off they still have the United Negro College Fund. The african american description makes absolutely no sense at all.
When someone asks me about my race, i say White , not italian american. They are black, colored, negro.
Also the NAACP which along with a few more institutions have maintaned the name for historical sake.
Race is a flawed social construct yet so deep seated in American society that it won't change. But of course you realized there's italian american days , irish american days, etc.
Black is more current terminology as Colored/Negro is out of date. I'm glad to help you stay up to date.
Stay tuned folks more educational commentary to come!!