NPR reports. Since its fiscal year began last summer, the institution has raised $88 million.
“There has not been a year like that ever in our history,” said
Todd Simmons, the associate vice chancellor for university relations. “Nor has there been a year like that in the history of nearly any other public HBCU in America.”
North Carolina A&T (Facebook)
Amazon founder
Jeff Bezos‘ ex-wife
Mackenzie Scott, who received $38B in Amazon stock in their record-setting 2019 divorce settlement, was the main reason for the increase in HBCU donations. In 2020, when Amazon stock increased due to the pandemic making her the richest woman in the world, she personally gave $500M in donations to more than a dozen HBCUs including Prairie View A&M University, Howard University, and NC A&T. They received $45M with no directive on how to spend it so that the funds could be used for whatever the university leadership felt would help the school most.
North Carolina A&T State University has seen an almost six-fold increase in donations and the fiscal year isn't even over yet. Other HBCUs are also reporting a fundraising boom.
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