Two new reports offer a snapshot of charitable giving and endowment performance at U.S. colleges and universities during fiscal year 2021, showing growth and sparking discussion about the implications for college access.
A donation from Georgetown alumna Tiffany Yu has laid the groundwork for a new endowment to support disability-related initiatives on campus.
Author and philanthropist MacKenzie Scott this month announced another $2.7 billion in gifts to historically underfunded organizations, including at least 31 colleges and universities.
The commitment from alumnus and civic entrepreneur Frank H. McCourt Jr. (C’75) includes $50 million for financial aid and scholarships, catalyzing Georgetown’s ambition to build the nation’s most inclusive school of public policy.
Even before the recent influx of philanthropic gifts to historically Black colleges and universities, Prairie View A&M President Ruth Simmons was raising unprecedented and much-needed funds for the Texas-based HBCU.
Real-estate developer Samuel G. Rose has given the University of Baltimore $5 million for scholarships to support students transferring from other institutions—the largest-ever single-donor cash gift to the institution’s endowment.
Financial struggles forced Calvin E. Tyler Jr. to drop out of Morgan State University in 1963. Almost six decades later, he and his wife are giving the historically Black university $20 million for scholarships to ensure that low-income students can complete their education.
Several months after receiving multimillion dollar gifts from philanthropist and author MacKenzie Scott, under-resourced colleges and universities say the funds will enable them to bolster financial aid and realize other strategic goals.
Philanthropist and author MacKenzie Scott this week announced that in the last four months, she has given $4.2 billion to 384 organizations, including a number of colleges, universities, and scholarship funds dedicated to serving large numbers of Black, Latinx, Native American, and low-income students.
In the largest-ever philanthropic gift to U.S. community colleges, the Jay Pritzker Foundation will donate $100 million to the California Community Colleges system for scholarships and emergency aid grants.
Philanthropist and author MacKenzie Scott’s announcement on Tuesday to donate a total of almost $160 million to Howard University and five other historically Black colleges and universities adds to a growing wave of high-profile investments in the traditionally underrepresented higher ed institutions.
More than 90 percent of private foundations interested in funding higher education are prioritizing college access and success for low-income and first generation students.