MacKenzie Scott has made a $70 million gift to UNCF (UNCF), a landmark investment in the future of historically Black colleges and universities. The contribution will be directed to UNCF’s $1 billion Capital Campaign and allocated through the Members' Pooled Endowment Fund, with an estimated $5 million increase per member institution’s endowment.
The impact is significant: UNCF reports that the median endowment of its member schools will rise by 63 percent, from $15.9 million to $25.9 million. For institutions like Morehouse College, this represents critical progress in narrowing the long-standing resource gap between HBCUs and their non-HBCU peers.
This gift builds on Scott’s previous generosity. In 2020, she contributed an eight-figure donation to Morehouse College, supporting scholarships, academic programs, and institutional growth. Her continued philanthropy underscores the importance of sustained investment in Black educational excellence and the communities these instituti...
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