Billionaire and philanthropist MacKenzie Scott recently donated $70 million to the United Negro College Fund. This was Scott's second time donating to the UNCF in the last five years. The multi-million donation will be used to fund endowments at the colleges and universities the UNCF currently sponsors. In a recent interview with PBS, UNCF president and CEO Dr. Michael Lomax discussed how the UNCF plans to use Scott's generous gift to help the organization.

In the interview, Lomax further elaborated on how the funds will be used for endowments to help bridge the gap between HBCUs and their PWI counterparts. He also adds that if you were to tally the endowments of all 101 HBCUs, the total endowment would be about $6 billion, which would serve approximately 250,000. PWIs are known for hav

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