McKenzie Scott: Historically Black Universities Provide Their Greatest Financial Gifts

McKenzie Scott, formerly Bezos.

Howard University, Xavier University of Louisiana, Hampton University and Tuskegee University all announced on Tuesday that they had been donated records.

Howard, who received $ 40 million, Hampton, $ 30 million, and Tuskegee, $ 20 million, revealed that their donations came from Scott, the writer and philanthropist who divorced Jeff Bezos of Amazon last year.

While Xavier University, which received $ 20 million, said its donor wished to remain anonymous, the school was named in Scott’s published 116 organizations list that received a piece of its collective $ 1.7 billion donation .
Two other HBCUs – Morehouse College and Spelman College also announced that they had received a generous donation from Scott.

Morehouse received a “generous donation” of $ 20 million, the college said in a news release. But a spokesperson for the school d. Eileen Dodd told CNN that it was not the largest donation the college had received.

Spellman College did not disclose the donation amount or if it was the largest in its history. CNN has reached out to Spelman College for further details.

The presidents of all schools expressed their gratitude for the donation.

“I want to thank Ms. McKenzie Scott for her investment in Howard University and our 153-year mission to serve a diverse community of dynamic scholars who come here for an education and with the aim of serving the world Go from here, ”Howard University President Wayne AI Frederick said in a statement.

“We support the components of this eight-year strategic plan to graduate students on time, retain our talented faculty, enhance our campus infrastructure, and support academic innovation and entrepreneurship. Let’s plan to use the gift immediately. “

Hampton University officials said they are exploring various options for the allocation of funds, such as student scholarships, technical development or funding for the school’s Proton Therapy Institute, a cancer treatment center.

Lily D., president of Tuskegee University. McNair said the donation came at an “appropriate time”, as the school is about to embark on a five-year strategic planning effort.

“We will be able to highlight the next phase of our mission in ways we could not have foreseen,” McNair said in a statement.
Officials at Xavier University also thanked him for calling the gift “decisive”.
According to the Bloomberg Billionaires Index, Scott, whose total assets are currently valued at around $ 60 billion, promised to give most of his money over his lifetime by signing the Giving Pledge initiative last year.
She shared in a Medium Post on Tuesday that she has already donated nearly $ 1.7 billion to various organizations at one of nine “areas of need” including racial equity, LGBTQ + equity, functional democracy and climate change Are focused.

“I started working to fulfill my pledge with the belief that there were two assets in my life that could be of special value to others: these systems helped me with the money I gave, and a belief That those who have experienced inequalities are best equipped with design solutions, ”Scott wrote in his post.

At the helm of six HBCUs, other organizations Scott donated to include Black Girls CODE, RAINN, the Obama Foundation and the European Climate Foundation.

Meanwhile, Scott’s ex-husband and the world’s richest man, Bezos, was already criticized for not contributing much of his wealth to philanthropy. He has donated billions of dollars in recent years to a variety of causes including climate change and food banks, but has not signed the Giving Pledge.

Sage Iyengar of CNN contributed to this report.


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