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Story summary
- MacKenzie Scott donated $70 million to the United Negro College Fund (UNCF) to support HBCUs.
- The donation helps UNCF pursue a $1 billion goal for its 37 member HBCUs.
- Funds will create a $370 million pooled endowment, providing $10 million per HBCU.
- Lomax called the gift a "powerful vote of confidence" in HBCUs and urged more philanthropic contributions.
