• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
SuccessMacKenzie Scott

MacKenzie Scott makes more ‘life-changing,’ record-breaking gifts to historically Black colleges and universities—totaling more than $400 million

Sydney Lake
By
Sydney Lake
Sydney Lake
Associate Editor
Down Arrow Button Icon
November 13, 2025, 11:08 AM ET
Mackenzie Scott at at Gala on January 6, 2018.
MacKenzie Scott in January 2018. Michael Kovac—Getty Images/J/P HRO Gala

MacKenzie Scott has been on a giving streak this fall, and two more historically Black colleges and universities announced in the past few days major donations from the billionaire philanthropist.

Recommended Video

On Wednesday, Winston-Salem State University announced it had received a historic $50 million gift from Scott, whose current net worth is roughly $36 billion. Scott acquired much of her wealth from her 2019 divorce from Amazon founder Jeff Bezos, and she has pledged to give away most of her wealth. So far, she’s donated well over $19 billion.

“This gift is truly life-changing for our students and our community,” WSSU Chancellor Bonita J. Brown said in a statement. Her gift “transform[s] lives, not just today, but for generations. Her investment empowers us to make a high-quality education accessible, affordable, and within reach for students who never believed college was possible.”

This donation comes at the heels of other major donations from Scott to HBCUs this fall, including a record-breaking $80 million gift to Howard University, one of the largest single donations in Howard’s 158-year history. The $50 million donation to WSSU was the largest single gift in the university’s 133-year history and builds on Scott’s 2020 $30 million donation.

Over the weekend, another HBCU, Voorhees University, announced a $19 million gift from Scott—the largest donation in the Denmark, S.C. school’s history. She also donated $4 million to the school in 2020

“The $19 million investment will support endowment growth, student recruitment and retention, scholarships, and deferred maintenance, ensuring long-term institutional sustainability and continued academic excellence,” Ronnie Hopkins, president and CEO of Voorhees University, said in a statement. 

Scott’s dedication to DEI-focused giving is evident: This fall, Scott also made a $70 million donation to UNCF, the nation’s largest private provider of scholarships to Black students. She also made a $42 million gift to 10,000 Degrees, a Bay Area nonprofit expanding college access for low-income and largely non-white students, alongside a $50 million donation to Native Forward Scholars Fund. 

In October, the African American Cultural Heritage Action Fund also announced a $40 million gift from Scott—twice the size of her previous donation to the organization in 2021, representing 20% of its fundraising so far. 

About MacKenzie Scott and her giving style

Scott earned much of her fortune through her connection to Bezos. During her marriage, she played a key role in Amazon’s founding and early operations, including helping with business plans and contracts. She received a roughly 4% stake in Amazon upon their divorce—an amount equal to about 139 million shares at the time. 

Since then, Scott has shedded many of her Amazon shares to liquidate into donations for causes she cares about. She’s reduced her stake in Amazon by about 42%, selling or donating about 58 million shares, worth around $12.6 billion as of late 2025. 

But she’s still worth more than $35 billion today, despite donating $19.25 billion through her philanthropic platform Yield Giving, which she founded in 2022, and offloading many of her Amazon shares. Her organization has donated to thousands of organizations, focused on issues including DEI, education, disaster recovery, and more.

Still, Scott’s wealth continues to grow thanks to the power of Amazon’s shares. This year alone, she’s added $923 million to her net worth, according to the Bloomberg Billionaires Index. And since November 2020, Amazon share prices have jumped more than 54%. 

Scott’s gifts tend to be unrestricted, meaning the organization to which she donates can use the money as they choose. This has been especially transformational for HBCUs and DEI-focused organizations this year, considering the Trump administration’s cuts to education and diversity-related organizations. 

She’s also filled gaps for disaster-relief organizations in the wake of the Trump administration’s cuts to the Federal Emergency Management Agency (FEMA), an organization Americans rely on for help during and after hurricanes, wildfires, tornadoes, and floods. In late October, the Center for Disaster Philanthropy (CDP) announced it had received a $60 million gift from Scott.

“All sectors of society—public, private, and social—share responsibility for helping communities thrive after a disaster,” CDP president and CEO Patricia McIlreavy previously told Fortune. “Philanthropy plays a critical role in providing communities with resources to rebuild stronger, but it cannot—and should not—replace government and its essential responsibilities.”

Join us at the Fortune Workplace Innovation Summit May 19–20, 2026, in Atlanta. The next era of workplace innovation is here—and the old playbook is being rewritten. At this exclusive, high-energy event, the world’s most innovative leaders will convene to explore how AI, humanity, and strategy converge to redefine, again, the future of work. Register now.
About the Author
Sydney Lake
By Sydney LakeAssociate Editor
LinkedIn iconTwitter icon

Sydney Lake is an associate editor at Fortune, where she writes and edits news for the publication's global news desk.

See full bioRight Arrow Button Icon

Latest in Success

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Fortune Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map

© 2025 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.


Most Popular

placeholder alt text
Retail
Trump just declared Christmas Eve a national holiday. Here’s what’s open and closed
By Dave SmithDecember 24, 2025
17 hours ago
placeholder alt text
Personal Finance
Financial experts warn future winner of the $1.7 billion Powerball: Don't make these common money mistakes
By Ashley LutzDecember 23, 2025
1 day ago
placeholder alt text
Personal Finance
Trump turns government into giant debt collector with threat to garnish wages on millions of Americans in default on student loans
By Annie Ma and The Associated PressDecember 24, 2025
17 hours ago
placeholder alt text
Economy
Obama's former top economic advisor says he feels 'a tiny bit bad' for Trump because gas prices are low, but consumer confidence is still plummeting 
By Sasha RogelbergDecember 24, 2025
10 hours ago
placeholder alt text
Success
The average worker would need to save for 52 years to claw their way out of the middle class and be classified as wealthy, new research reveals
By Orianna Rosa RoyleDecember 23, 2025
1 day ago
placeholder alt text
Success
'When we got out of college, we had a job waiting for us': 80-year-old boomer says her generation left behind a different economy for her grandkids
By Mike Schneider and The Associated PressDecember 23, 2025
2 days ago

Latest in Success

Arkeem and Ashley with their 6 children.
SuccessGen Z
Meet the millennial father of six who rebuilt his life through the trades—and questions America’s obsession with college
By Eva RoytburgDecember 24, 2025
12 hours ago
C-SuiteLeadership Next
Expedia Group CEO thinks 2026 will be ‘very big’ for tourists in the U.S.—as long as the country makes it ‘welcoming’
By Fortune EditorsDecember 24, 2025
14 hours ago
The Holiday Cottage
SuccessEntrepreneurship
This millennial home designer spent 9 months building a replica of ‘The Holiday’ cottage—now it’s renting fast at $499 a night
By Emma BurleighDecember 24, 2025
15 hours ago
Man checking watch as he walks through forrest
Successchief executive officer (CEO)
CEOs reveal their New Year’s resolutions for 2026: From 8-day bike races and AI training, to finally cracking 7 hours of sleep a night
By Emma BurleighDecember 24, 2025
19 hours ago
Jensen Huang
Successwork-life balance
Hoping AI will give you more work-life balance in 2026? Fortune 500 CEOs warn otherwise
By Preston ForeDecember 23, 2025
1 day ago
Successphilanthropy
Larry Ellison’s $40 billion pledge to his son’s Paramount deal shows a shift in billionaire giving: Philanthropic capitalism is taking over
By Ashley LutzDecember 23, 2025
1 day ago