MacKenzie Scott Gives $70M to UNCF to Bolster HBCUs
The United Negro College Fund (UNCF) announced a $70 million donation from philanthropist MacKenzie Scott to bolster endowments at historically Black colleges and universities across the United States. UNCF president Dr. Michael Lomax told PBS NewsHour the gift is part of a broader, billion-dollar capital campaign to close long-standing funding gaps and ensure HBCUs’ long-term financial stability and capacity to support students.
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UNCF head on how historic $70M donation will bolster HBCUs
New information:
- MacKenzie Scott donated $70 million to the United Negro College Fund (UNCF).
- The funds are designated to bolster HBCU endowments as part of a larger billion-dollar capital campaign.
- UNCF president Dr. Michael Lomax discussed the gift on PBS NewsHour (interviewed by Geoff Bennett).