Entrance
This Mackenzie Scott HBCU gift one $ 70 million for United Negro College Foundation (UNCF) Historically, black colleges and universities (HBCUS) notes one of the biggest philanthropists. The gift was built to strengthen financial stability between 37 member organizations and to solve the unequal of financing for a long time.
How does Mackenzie Scott HBCU donation work
Uncle Will make the contribution of $ 70 million A border of $ 370 milliontogether with $ 10 million for each member organization. Will pay on the stock 4% each yearHBCUS-I scholarships, academic programs and predictable, constant income to improve the campus.
To close the funding gaps for hbcus
This Mackenzie Scott HBCU gift comes at a critical time. Based on the HBCU tender, mostly white organizations approximately 70%The campuses leave financially sensitive. IVY League schools received in 2019 $ 5.5 billion In the support of the foundation, compared to only $ 45 million collectively issued to HBCUS.
This donation, UNCF’s ongoing combination $ 1 billion campaignHe represents an important step for capital in financing higher education.
Confidence voting in Hbcus
Dr. Michael Lomax, President and Un Uncf CEO explained Mackenzie Scott HBCU gift Like “HBCUSA strong confidence sounds”. Significant Scott, no restrictions on how to use the freedom to solve the most relevant needs of their wills.
Scott is recognized with great unlimited gifts since signing Host In 2019, he has already changed the philanthropist in the center of the recalled institutions.
Mackenzie Scott HBCU donation has a continuous effect
This gift:
- Create a valid annual income for HBCUS.
- Expand scholarships and student assistance.
- Increases institutional independence and sustainability.
- Inspires other great donors to contribute on a scale.
For students, it becomes more opportunities, more powerful resources and campuses prepared for long-term success.
Why is this gift important
This Mackenzie Scott HBCU gift More than numbers – it is to change the trajectory of HBCU financing. Also, the short-term adjustments, Scott, Scott, HBCU’s leaders, innovators and changes in innovators and changes continue to continue their vital role.
