QUICK SUMMARY
Spelman College received a $38 million unrestricted donation from philanthropist MacKenzie Scott, one of the largest in its history. The college plans to use the funds to enhance financial aid and upgrade its technology infrastructure.
Spelman College has secured a transformative $38 million unrestricted donation from philanthropist MacKenzie Scott, significantly enhancing its financial resources. The college plans to allocate the funds towards expanding financial aid and upgrading its technology infrastructure, which are critical for modern educational needs. Interim President Rosalind Brewer praised Scott's generosity, highlighting that the investment will strengthen the overall student experience and support the college's mission of educational excellence. This marks the second substantial gift from Scott, who previously donated $20 million in 2020 for scholarships and endowment purposes. Spelman, an esteemed Historically Black College and University (HBCU), plays a vital role in educating future leaders. The flexibility of this donation allows for swift action in addressing the college's immediate and future needs. As the institution continues its legacy of producing change-makers, this financial windfall will enable it to modernize and expand its offerings. The implications of such a significant gift underscore the importance of philanthropic support in higher education.