US EditionMacKenzie Scott Donates over $700M to HBCUs in Latest Record-Setting Contribution
MacKenzie Scott's unrestricted gifts support scholarships, research, and facilities at over a dozen HBCUs, including a $70 million pooled endowment to the United Negro College Fund.
- More than $700 million in total, Scott donated to HBCUs this fall, with recent multimillion-dollar commitments announced this month and in the past week.
- MacKenzie Scott, who signed the Giving Pledge in 2019, donated about $560 million to 23 HBCUs in 2020 and plans to give away most of her wealth.
- Just in the past week, she committed $63 million each to Prairie View A&M University and North Carolina A&T State University, plus $50 million to Bowie State, Norfolk State, and Winston-Salem State universities.
- University administrators say the donations are typically unrestricted, letting them allocate funds where needed, and five universities called the gifts the largest single donations in their histories.
- As part of a yearslong pattern, Scott's giving includes a United Negro College Fund pooled endowment that will allocate $10 million to each of UNCF's 37 member HBCUs, showing sustained support in recent years.
29 Articles
29 Articles
Philanthropist MacKenzie Scott donates $63 million to North Carolina university
GREENSBORO, N.C. (WGHP) — North Carolina A&T State University received a major financial investment this week, the university announced on Friday. Philanthropist Mackenzie Scott donated $63 million to the university, making it not only the largest philanthropic gift in the school's history but the largest of its kind in the history of the Triad. This [...]
MacKenzie Scott gives record $63M to NC A&T
North Carolina A&T received a $63 million gift from philanthropist MacKenzie Scott — the largest in university and Triad history. Scott previously donated $45 million, bringing her total support to $108 million. A&T leaders say the unrestricted funding will accelerate research, innovation and growth in high-impact areas. Scott also gave $50 million to WSSU this week.
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