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.
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MacKenzie Scott gives $70 million to financially strengthen HBCUs
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…


Philanthropist MacKenzie Scott Donates $70M To UNCF To Support HBCUs
Photo: Getty Images North America Billionaire philanthropist MacKenzie Scott has donated $70 million to the United Negro College Fund (UNCF) as part of a broader effort to strengthen HBCUs. The $70 million donation, publicly disclosed by UNCF and confirmed by Scott’s team, is one of the philanthropist’s largest single gifts ever and among the first of her donations to be revealed in 2025. “This extraordinary gift is a powerful vote of confidence…
MacKenzie Scott Gifts $70M to Boost HBCU Endowments
Billionaire philanthropist MacKenzie Scott has once again captured national attention with a landmark $70 million donation to the United Negro College Fund (UNCF). The gift positions itself as one of the most transformative financial boosts in recent years for Historically Black Colleges and Universities (HBCUs). Her contribution highlights the pressing need to fortify the financial foundations of minority-serving institutions. For decades, HBC…
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