As the U.S. government continues its retreat from supporting the nonprofit sector, we are fortunate to have Mackenzie Scott (among other philanthropists) step up to fill some portion of the dangerous void that remains. I say “some portion” because private philanthropy cannot replace the amount of tax dollars that support the roughly 1.9 million U.S. nonprofit organizations – to include postsecondary institutions.

Scott recently donated $70 million to the United Negro College Fund (UNCF), bolstering its $1 billion campaign to strengthen the 37 private Historically Black Colleges and Universities (HBCUs) that comprise its membership. The UNCF seeks to create a $370 million endowment that would allow it to give $10 million annually to each of its member schools, most of which are struggling

See Full Page