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.

The gift is one of Scott’s largest single donations ever, as per the Associated Press . Over the past 5 years, she’s given away $19 billion in gifts to more than

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