The world taking a stand against police brutality and racial prejudice and injustices is causing a lot of businesses, organizations and celebrities to put their money where there mouth is. Netflix CEO Reed Hastings and his wife, Patty Quillin, are donating to historically Black colleges and universities (HBCUs) to stand in solidarity with the Black community.
“We’ve supported these three extraordinary institutions for the last few years because we believe that investing in the education of Black youth is one of the best ways to invest in America’s future,” said Quillin and Hastings.
“Both of us had the privilege of a great education and we want to help more students – in particular students of color – get the same start in life. HBCUs have a tremendous record, yet are disadvantaged when it comes to giving. Generally, White capital flows to predominantly White institutions, perpetuating capital isolation. We hope this additional $120 million donation will help more Black students follow their dreams and also encourage more people to support these institutions – helping to reverse generations of inequity in our country.”
Reports indicate, “This is the largest individual gift ever in support of student scholarships at HBCUs.”
“This gift from Patty and Reed comes from two people who care deeply about education, equity and the future of our country. We are enormously grateful for their affirmation of the work of Spelman College.” – Dr. Mary Schmidt Campbell, Spelman College President
“This gift speaks volumes about the value that must be placed on what institutions such as ours do for the nation and the world.” – Dr. David A. Thomas, Morehouse College President.
The donation is being packaged in 3 gifts of $40 million. The president’s of the 3 institutions being awarded share their appreciation. Listen as Spelman President Mary Schmidt Campbell, Morehouse President David A. Thomas and UNCF CEO Michael L. Lomax discuss the donation.
The colleges released the following social media posts: