"MacKenzie Scott, one of the world's most prominent philanthropists, has just donated $70 million to UNCF, the nation's largest private provider of scholarships to Black students. The donation by Scott, whose net worth is currently valued to be around $34 billion, is set to reshape the financial future of 37 historically HBCUs (historically Black colleges and universities), as part of a $1 billion campaign. The program, launched in 2o21, aims to help HBCUs close a funding gap compared to white or elite institutions, aiming to provide long-term financial stability and a permanent revenue stream for minority schools."
"Scott's no stranger to philanthropy. Having obtained most of her wealth after divorcing Amazon founder Jeff Bezos, the gifts she makes are often large, unrestricted, and don't have a specified timeframe in which they need to be spent. The billionaire has donated to diverse causes, ranging from a $84 million gift to Girl Scouts, $20 million to Vermont's Champlain Housing Trust, $436 million to Habitat for Humanity, and $275 million to Planned Parenthood. She also previously gave UNCF $10 million in 2020."
MacKenzie Scott donated $70 million to UNCF to support 37 historically Black colleges and universities as part of a $1 billion campaign aimed at closing funding disparities. The campaign, launched in 2021, seeks to provide long-term financial stability and a permanent revenue stream for minority-serving institutions that lag behind white or elite counterparts. Scott's net worth is estimated at about $34 billion, and she has given roughly $19 billion to over 2,000 nonprofits in five years. Her donations are often large, unrestricted, without specified spending timeframes, and include substantial prior gifts to national organizations.
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