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MacKenzie Scott Donates $70 Million to Boost HBCUs

9/30/2025

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Summary

Story summary

Philanthropist MacKenzie Scott donated $70 million to the United Negro College Fund (UNCF) last week, funding 37 HBCUs that are UNCF members.
The gift backs UNCF's $1 billion campaign to raise $370 million for pooled endowment, with $5 million per member and matching funds sought.
UNCF president Michael L. Lomax called the donation a "powerful vote of confidence" in HBCUs.

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Story summary

Philanthropist MacKenzie Scott donated $70 million to the United Negro College Fund (UNCF) last week, funding 37 HBCUs that are UNCF members.
The gift backs UNCF's $1 billion campaign to raise $370 million for pooled endowment, with $5 million per member and matching funds sought.
UNCF president Michael L. Lomax called the donation a "powerful vote of confidence" in HBCUs.