get these nets
Veteran
MacKenzie Scott gives $70 million to UNCF to financially strengthen HBCUs
Billionaire philanthropist MacKenzie Scott has donated $70 million to the UNCF, the largest private provider of scholarships to minority students.
apnews.com
09/22/25
NEW YORK (AP) — Billionaire philanthropist MacKenzie Scott has donated $70 million to the UNCF, as the nation’s largest private provider of scholarships to minority students works to raise $1 billion to strengthen all 37 of its historically Black colleges and universities.
The gift is one of Scott’s largest single donations ever and among the first to be publicly disclosed in 2025. Famously private, Scott only discusses her donations through her website and does not confirm them until after the recipients do.
“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 build permanent assets that will support students and campuses for decades to come.”
Lomax said Scott’s donation would be used for UNCF’s pooled endowment, which aims to establish a $370 million fund — $10 million for each UNCF member HBCU. That fund will be invested and designed to pay out about 4% annually, which will then be divided among the HBCUs to help stabilize their budgets. Increasing HBCU endowments is a priority since they trail endowments at non-HBCUs by 70%, according to the UNCF
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not bucci cuzzo
I specifically said "while UNICEF"
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