Billionaire philanthropist MacKenzie Scott has donated a total of $387 million to historically Black colleges and universities (HBCUs) since mid-October, including $80 million to Howard University and $38 million to Spelman College. This gift is one of the largest in the history of these institutions, with an emphasis on using the funds for unrestricted donations that can be used as needed. Scott’s philanthropic efforts have had a significant impact on HBCUs, helping them boost enrollment and retention rates. With her estimated net worth at $42 billion, Scott’s donations are expected to make a lasting difference in the lives of students attending these institutions.
Note: I simplified the text by removing unnecessary words and phrases, focusing on the main points of MacKenzie Scott’s donations to HBCUs and their impact.
Source: https://www.highereddive.com/news/mackenzie-scott-8-hbcus-387m-donation-spree-spelman-howard-morgan-state/804684