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MacKenzie Scott rewrites $79B higher ed donation playbook, giving to HBCUs and community colleges
Americans gave an estimated $78.8 billion to colleges and universities in fiscal year 2025, a 4% year-over-year increase that barely kept up with inflation, according to survey findings released Tuesday from the Council for Advancement and Support of Education.
But that figure doesn’t fully illustrate where the money is actually going or which schools have historically been left out. Between 2015 and 2019, the average Ivy League school received 178 times as much philanthropic funding as the average HBCU, according to a study by Candid. Total Ivy League gifts over that period topped $5.5 billion, while HBCUs collectively took in just $303 million.
Billionaire philanthropist MacKenzie Scott has stepped in to close that gap, especially as government funding for historically Black colleges and universities has been yanked by the Trump administration.
MacKenzie Scott Surpasses 1 Billion Dollars in Total HBCU Donations
Philanthropist MacKenzie Scott surpassed $1 billion in total lifetime donations to historically Black colleges and universities (HBCUs) on April 13, 2026, following a new $42 million contribution to Elizabeth City State University. The milestone comes amid a broader rise in American collegiate giving, which reached nearly $79 billion in fiscal year 2025 according to the Council for Advancement and Support of Education.
The $42 million gift to the North Carolina-based institution marks a significant increase from Scott’s previous $15 million donation to the same school in 2020. University officials confirmed that the capital will fund the ASCEND 2030 strategic plan, which includes scholarship expansions, new academic programs, and facility upgrades as reported by Yahoo News.
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MacKenzie Scott’s $42M Gift Pushes HBCU Donations Past $1 Billion
MacKenzie Scott has crossed another major milestone in her years-long philanthropy campaign. The billionaire author and philanthropist’s latest gift—a $42 million donation to Elizabeth City State University—has pushed her total giving to historically Black colleges and universities (HBCUs) beyond $1 billion.
According to Fortune, the latest contribution was announced during Elizabeth City State University’s Founders Day celebration in North Carolina. School officials said the funding will support the university’s ASCEND 2030 strategic plan, including new scholarships, expanded academic programs, and upgrades to campus facilities.
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