BLACK ENTERPRISE beforehand reported that MacKenzie Scott, a philanthropist and the ex-wife of Amazon founder Jeff Bezos, donated $160 million to traditionally Black schools and universities again in July. It was later introduced that Scott gifted Morgan State University $40 million, making it the most important single non-public donation within the college’s historical past in addition to the second-largest present given to any public college within the state.
“This monumental present will change lives and form futures. I thank Ms. Scott for her due diligence and acknowledgment of the substantive worth Morgan provides to so many all through this nation and world wide, and entrusting that we’ll make sure the enduring affect of her generosity is really transformational for a few years to come back,” mentioned President David Wilson in a press statement.
“Lengthy thought of as a gem within the crown of Baltimore Metropolis and the state of Maryland, Morgan’s dedication to enhancing the lives of the communities we serve is extremely regarded. The receipt of this present is obvious proof that the remainder of the world can also be taking discover in Morgan too.”
The funds will principally be used to determine the Main The World Endowment Fund, the primary unrestricted endowment within the establishment’s historical past that shall be invested in several ongoing initiatives inside their strategic plan, enhancing the general mission of the HBCU campus.
“Morgan is open for funding, and for those who put money into our college, there shall be a particular return in your assist,” added Wilson. “We hope that Ms. Scott’s giving conjures up others to present to HBCUs like Morgan, who’re offering much-needed alternatives to the scholars flying underneath the radar and producing the graduates of as we speak, and tomorrow.”