Billionaire philanthropist and novelist MacKenzie Scott donated $560 million last year to 23 Historically Black Colleges and Universities (HBCUs), making headlines across the country at a time when racial equity has become front-page news. However, for decades Black leaders in business, entertainment, education, and other fields have been the main sources of philanthropic donations to HBCUs.
A recent Washington Post story found that Black Americans donate a higher share of their wealth than their White counterparts – to the tune of around $11 billion each year. Given their cultural and educational importance to the Black community, HBCUs are the repository of much of these donations with a number of household names – and some you may not know – making big-dollar contributions to these institutions.
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