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

MacKenzie Scott’s latest donation takes her HBCU giving to well over $1 billion

Sydney Lake
By
Sydney Lake
Sydney Lake
Associate Editor
Down Arrow Button Icon
Sydney Lake
By
Sydney Lake
Sydney Lake
Associate Editor
Down Arrow Button Icon
April 7, 2026, 11:09 AM ET
MacKenzie Scott has donated more than $1 billion to HBCUs.
MacKenzie Scott has donated more than $1 billion to HBCUs.Getty Images—Dia Dipasupil

MacKenzie Scott has continued her giving spree to historically Black colleges and universities, and this time she’s crossed a milestone.

Recommended Video

One of the billionaire philanthropist’s latest gifts, a $42 million donation to Elizabeth City State University on the school’s Founders Day in North Carolina, pushes her total giving to HBCUs well past the $1 billion mark. And that’s just part of Scott’s $26 billion philanthropic commitment since 2020, in which she’s donated to thousands of organizations focused on DEI, disaster recovery, community development, health, and environmental causes. Tuesday also happens to be Scott’s 55th birthday.

Elizabeth City State University Chancellor S. Keith Hargrove, Sr., expressed his “deepest gratitude” for Scott’s gift, saying she recognizes” the critical role that HBCUs play in expanding opportunity and strengthening communities.”

“Her investment affirms what we already know: that institutions like ECSU are powerful catalysts for change,” Hargrove said in a statement. “Gifts like this do more than provide resources; they accelerate momentum.” Scott’s donation will help the school’s ASCEND 2030 strategic plan, expanding opportunities for students and strengthening ties to the surrounding community.

The gift is the latest in a pattern Scott, the ex-wife of Amazon founder Jeff Bezos, has been building since 2020, when she first began directing hundreds of millions of dollars toward HBCUs. One such gift was to Howard University, the alma mater of former Vice President Kamala Harris, Thurgood Marshall, and Toni Morrison (with whom Scott shares a deep connection). Scott, who is worth an estimated $38.3 billion, donated $80 million to Howard in November 2025, which was one of the school’s largest donations in its 158-year history. 

Every HBCU MacKenzie Scott has funded—and how much

  • Alabama State University: $38 million, largest in the school’s history (2025)
  • Alcorn State University: $42 million (2025)
  • Bowie State University: $50 million (2025); $25 million (2020)
  • Claflin University: $20 million (2020)
  • Clark Atlanta University: $38 million (2025); $15 million (2020)
  • Delaware State University: $20 million (2020)
  • Dillard University: $19 million (2025), $5 million (2020)
  • Elizabeth City State University: $15 million (2020)
  • Hampton University: $30 million (2020)
  • Howard University: $80 million (2025); $40 million (2020)
  • Lincoln University (PA): $20 million (2020)
  • Morehouse College: $20 million (2020)
  • Morgan State University: $63 million (2025); $40 million (2020)
  • Norfolk State University: $50 million (2025); $40 million (2020)
  • North Carolina A&T State University: $45 million (2020)
  • Prairie View A&M University: $63 million (2025); $50 million (2020)
  • Spelman College: $38 million (2025); $20 million (2020)
  • Tougaloo College: $6 million (2020)
  • Tuskegee University: $20 million (2020)
  • University of Maryland Eastern Shore (UMES): $38 million (2025)
  • Virginia State University: $50 million (2025)
  • Voorhees University: $19 million (2025)
  • Winston-Salem State University: $50 million (2025)
  • Xavier University of Louisiana: $20 million (2020)

Why no-strings-attached giving is so rare and powerful

These donations share a commonality: They’re unrestricted, meaning schools can allocate them however they see fit, which could include funded scholarships, fortified endowments, attracted faculty, and bankrolled long-deferred facility upgrades. That flexibility, rare in philanthropy, is the cornerstone of what has made her approach so distinctive.

“She practices trust-based philanthropy,” Anne Marie Dougherty, CEO of the Bob Woodruff Foundation, previously told Fortune. (Scott made two major donations to a veterans-focused organization: $15 million in 2022 and $20 million in 2025). Noni Ramos, CEO of Housing Trust Silicon Valley, has similarly noted Scott’s donations are “unlike traditional funding processes,” which typically involve lengthy applications, specific restrictions, and reporting requirements. 

“Her style empowers organizations like ours to determine how best to direct funds quickly and innovatively to address pressing issues,” Ramos told Fortune in 2024.

Scott’s HBCU giving exists within a broader DEI-focused philanthropic strategy that has become increasingly pronounced as the Trump administration rolls back federal support for diversity-focused programs and institutions. In 2025 alone, she donated $70 million each to the Thurgood Marshall College Fund and the United Negro College Fund.

The personal experiences behind Scott’s $26 billion giving streak

Scott’s motivation for giving at this scale traces back, in part, to formative experiences during her college years. A dentist once offered her free dental work when he saw her securing a broken tooth with denture glue, and a college roommate loaned her $1,000 when she saw her crying about nearly having to drop out during her sophomore year.

“It is these ripple effects that make imagining the power of any of our own acts of kindness impossible,” Scott wrote in a December 2025 essay. “The potential of peaceful, non-transactional contribution has long been underestimated, often on the basis that it is not financially self-sustaining, or that some of its benefits are hard to track. But what if these imagined liabilities are actually assets?”

The simple pleasure of giving also plays a role. 

“Generosity and kindness engage the same pleasure centers in the brain as sex, food, and receiving gifts, and they improve our health and long-term happiness as well,” Scott said. 

At the Fortune Workplace Innovation Summit, Fortune 500 leaders will convene to explore the defining questions shaping the workforce of the future—delivering bold ideas, powerful connections, and actionable insights for building resilient organizations for the decade ahead. Join Fortune May 19–20 in Atlanta. 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
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • 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
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Success

students walk on a brick-paved path surrounded by trees with fall-colored leaves
Future of WorkColleges and Universities
Meet a 20-year-old student who changed her major to marketing to ‘AI-proof’ her career
By Jocelyn Gecker, Linley Sanders and The Associated PressApril 27, 2026
7 hours ago
John Ternus, incoming CEO of Apple
SuccessCareers
Incoming Apple CEO John Ternus tells Gen Z an early mistake taught him an important lesson: ‘The care you put into your work really matters’
By Emma BurleighApril 27, 2026
10 hours ago
Ronald Wayne holding a can of Busch Light Apple, leaning up against a stacked package of the beer.
SuccessWealth
Apple cofounder Ronald Wayne—whose stake would be worth up to $400 billion had he not sold it in 1976—says that at 91, he has no regrets
By Preston ForeApril 27, 2026
10 hours ago
Barbara Corcoran famously ‘never saved a dime’: Even when she sold her business for $66 million, her first thought was, ‘What can I spend it on?’
Personal FinanceWealth
Barbara Corcoran famously ‘never saved a dime’: Even when she sold her business for $66 million, her first thought was, ‘What can I spend it on?’
By Eleanor PringleApril 27, 2026
13 hours ago
Woman tired while looking at computer
CommentaryProductivity
AI is frying our brains — here’s what leaders need to do about It
By David Rock and Chris WellerApril 26, 2026
2 days ago
Bloom Energy CEO K.R. Sridhar
Successchief executive officer (CEO)
NASA advisor turned $65 billion founder says ex-Intel CEO Andy Grove helped him get out of a crisis: ‘That’s a lesson I will take to my grave’
By Emma BurleighApril 26, 2026
2 days ago

Most Popular

Apple cofounder Ronald Wayne—whose stake would be worth up to $400 billion had he not sold it in 1976—says that at 91, he has no regrets
Success
Apple cofounder Ronald Wayne—whose stake would be worth up to $400 billion had he not sold it in 1976—says that at 91, he has no regrets
By Preston ForeApril 27, 2026
10 hours ago
Elon Musk says saving for retirement is irrelevant because AI is going to create a world of abundance: 'It won't matter'
Future of Work
Elon Musk says saving for retirement is irrelevant because AI is going to create a world of abundance: 'It won't matter'
By Marco Quiroz-GutierrezApril 26, 2026
1 day ago
The U.S. military may have already used up half of its most expensive missiles, and it could take up to 4 years to rebuild its stockpiles
Politics
The U.S. military may have already used up half of its most expensive missiles, and it could take up to 4 years to rebuild its stockpiles
By Sasha RogelbergApril 24, 2026
3 days ago
Baby boomers have now 'gobbled up' nearly one-third of America's wealth share, and they're leaving Gen Z and millennials behind
Investing
Baby boomers have now 'gobbled up' nearly one-third of America's wealth share, and they're leaving Gen Z and millennials behind
By Sasha RogelbergApril 26, 2026
1 day ago
More than 90,000 tech workers have been laid off this year. But here’s why companies like Microsoft are offering voluntary buyouts instead
Big Tech
More than 90,000 tech workers have been laid off this year. But here’s why companies like Microsoft are offering voluntary buyouts instead
By Jacqueline MunisApril 26, 2026
2 days ago
'You feel radicalized': A Meta AI exec watched agents beat her top workers. Now she's built a nonprofit to help Gen Z find jobs before they disappear
Future of Work
'You feel radicalized': A Meta AI exec watched agents beat her top workers. Now she's built a nonprofit to help Gen Z find jobs before they disappear
By Jake AngeloApril 26, 2026
2 days ago

© 2026 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.