Introduction
The MacKenzie Scott HBCU donation of $70 million to the United Negro College Fund (UNCF) marks one of the largest philanthropic contributions to historically Black colleges and universities (HBCUs). The gift is structured to strengthen financial stability across 37 member institutions and address long-standing funding inequities.
How the MacKenzie Scott HBCU Donation Works
UNCF will transform the $70 million contribution into a $370 million pooled endowment, with $10 million allocated for each member institution. The fund will pay out about 4% annually, giving HBCUs predictable, sustainable revenue for scholarships, academic programs, and campus improvements.
Closing Funding Gaps for HBCUs
The MacKenzie Scott HBCU donation comes at a critical time. HBCU endowments trail predominantly white institutions by nearly 70%, leaving campuses financially vulnerable. In 2019, Ivy League schools received $5.5 billion in foundation support, compared to just $45 million awarded collectively to HBCUs.
This donation, combined with UNCF’s ongoing $1 billion campaign, represents a significant step toward equity in higher education funding.
A Vote of Confidence in HBCUs
Dr. Michael Lomax, President and CEO of UNCF, described the MacKenzie Scott HBCU donation as “a powerful vote of confidence in HBCUs.” Importantly, Scott placed no restrictions on how funds must be used, giving colleges the freedom to address their most pressing needs.
Scott, known for her large unrestricted gifts since signing the Giving Pledge in 2019, has already changed the philanthropic landscape by centering historically underfunded institutions.
Lasting Impact of the MacKenzie Scott HBCU Donation
This donation will:
- Create reliable annual income for HBCUs.
- Expand scholarships and student aid.
- Boost institutional independence and resilience.
- Inspire other major donors to contribute at scale.
For students, this translates to more opportunities, stronger resources, and campuses prepared for long-term success.
Why This Donation Matters
The MacKenzie Scott HBCU donation is about more than numbers — it’s about changing the trajectory of HBCU funding. By investing in stability rather than short-term fixes, Scott is helping ensure HBCUs continue their vital role in producing leaders, innovators, and changemakers.