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Fortune
Fortune
Jessica Coacci

MacKenzie Scott is making another huge donation with no strings attached—this time it’s $70 million to historically Black colleges and universities

Mackenzie Scott (Credit: Dia Dipasupil-Getty Images)

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.

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