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MacKenzie Scott Gives $70 Million to Financially Strengthen HBCUs

The $70 million donation will seed a $370 million pooled endowment fund to reduce historic funding disparities and provide each of the 37 UNCF member HBCUs with $10 million, UNCF said.

NEW YORK — Billionaire philanthropist MacKenzie Scott has donated $70 million to the UNCF, as the nation's largest private provider of scholarships to minority students works to raise $1 billion to strengthen all 37 of its historically Black colleges and…

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The Birmingham Times broke the news in on Tuesday, September 23, 2025.
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