Billionaire philanthropist McKenzie Scott donated $ 70 million on Tuesday United Negro College Fund (UnCF), the largest private supplier of scholarship Historically black colleges and universities (HBCUS).
According to The Associated Press, the gift is one of the largest single donations of Scott and has been publicly revealed in 2025. It follows the organization in 2020 to donate a $ 10 million donation.
“This extraordinary gift is a powerful vote of faith in HBCU and UNCF work,” a non -profit chairman and CEO told AP, in a statement.
“It once offers a generation opportunity to our member institutions to create permanent assets that will support students and complexes for the coming decades,” he said.
UNCF supports students’ educational undertakings in 37 out of 107 HBCUs across the country. Member schools include Clarke Atlanta University, Morhouse College and Spelman College, which faced Campus threatening Late conservative activist Charlie Kirk earlier this month.
Even after the announcement by the Trump administration, funding is encouraged that it will strip $ 350 million In money for minority serving institutions. However, the White House announced earlier this month About $ 500 million in federal funds HBCUS and Tribally will be redirected for controlled colleges and universities (TCCUS).
Donation of Scott to UNCF will go to $ 370 million funds under their pools.
The AP reported that each HBCU member has been designed to receive the $ 10 million from the financial lump sum, which is about 4 percent annually.
HBCUS has received large donations from Scott in recent years as they have supported individual institutions and programs dedicated to their success in recent years. He has given $ 52 million To Howard University alone, in addition $ 30 million Hampton marks the biggest donation in school history for the University.
In 2020, Scott stated that the effort was governed by a clear partition in the society after the death of George Floid and the major protests on the barbarity of the police.
“Like many people, I saw the first half of 2020 with a mixture of heartbreak and scary mixture. Life will never stop searching for new ways to highlight inequalities in our system; or we awake to the fact that a civilization is not only unjust, but also unstable,” Scott has written. , Essay In July 2020.
He said, “It fills me with hope that if each of us can offer, what will happen, the idea is what will come.” “Skin color, sexual orientation, gender, or zip code can be an opportunities that can be resources that may be powerful liver for change.”
The philanthropist continued, “People troubled by recent events can create new relationships among the privileges they enjoy and take advantage for the benefit. From there, many people will opt for some share with those who have a furnishing participation to build a better world.”
He announced that in 2020, his assets would be supported by $ 586 million racial equity and $ 399 million, while economic dynamics would be supported, while given that 91 percent of racial racial equity organizations are run by color leaders.
Scott signed the Giving Play in 2019 by Scott, the former wife of Amazon founder Jeff Bezos, and ventured to donate more than half of his money.
The recipients of his fund have responded to an uttecor of appreciation.
“We are deeply grateful to McKenzie Scott for the continuous support,” Lomax said on Tuesday.
He said, “UNCF to decide how to use these funds, he confirms that HBCUS invests on this scale and its generosity will strengthen our member institutions and will provide the route for success for tomorrow’s changesmakers.”
