"Gifts of this scale to under-resourced colleges remain rare, while elite universities continue to draw far larger sums year after year. At this point, Harvard and Yale don't need your money. Yet they continue to attract it."
"Scott appears to understand what many donors have yet to fully appreciate: the smartest place to put your money isn't always the universities with billion-dollar endowments, gleaming campuses, and armies of fundraisers, but the colleges that have been scraping by for generations."
"Indeed, HBCUs have long advanced economic mobility for communities too often left out of the mainstream. Community colleges and regional universities open doors to millions each year, offering affordable pathways to careers and degrees that change family trajectories for generations."
MacKenzie Scott donated $740 million to 16 Historically Black Colleges and Universities, providing significant support to under-resourced institutions. Despite this, large donations to such colleges remain uncommon, while elite universities continue to receive substantial funding. Ivy League schools possess over $200 billion in endowments, overshadowing the combined resources of HBCUs and community colleges. HBCUs and regional universities play a crucial role in advancing economic mobility and providing affordable education, demonstrating the need for donors to reconsider their giving habits and support institutions that make a meaningful impact.
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