Acclaim, fundraising are spread unevenly among 102 historically Black colleges and universities, according to AP analysis. - NBCBLK
Mackenzie Scott, the ex-wife of former Amazon founder Jeff Bezos, gave $560 million to 22 Black colleges, including some with very limited endowments, as well as to the Thurgood Marshall College Fund and the United Negro College Fund, both of which raise money for Black colleges and universities. Netflix founder Reed Hastings and his wife, Patty Quillin, split $120 million among the United Negro College Fund, Spelman and Morehouse.
Yet many lesser-known schools continue to struggle and scrape for money. Shaw, one of the oldest historically Black colleges in the South, has an endowment worth just $8,436 per student and did not benefit significantly from the wave of private giving last year, said David Byrd, the college’s vice president of finance.
Wilberforce University in Ohio, another small historically Black private college, plans to use its pandemic relief money in similar ways, after the government forgave much of the university’s $25 million in federal debt.
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