Billionaire MacKenzie Scott is sharing the wealth once again. She recently donated $70 million to the United Negro College Fund. The UNCF is the country’s largest provider of scholarships to minority students who attend HBCUs. This donation is one of the largest single donations made by Scott and one of the first to be officially announced this year.

According to an article by the Associated Press, Scott only shares her donations on her website. Once recipients receive their donations, she then makes the news public.

“This extraordinary gift is a powerful vote of confidence in HBCUs and in the work of UNCF,” the nonprofit’s President and CEO Dr. Michael L. Lomax told The Associated Press in a statement. “It provides a once-in-a-generation opportunity for our member institutions to buil

See Full Page