Netflix co-founder and CEO Reed Hastings, along with his wife Patty Quillin, have donated $120 million to support scholarships for Historically Black Colleges and Universities. The donation will be divided among Spelman College and Morehouse College, both located in Atlanta, as well as the United Negro College Fund. Hastings said that the contribution is to celebrate "black achievement." The scholarship fund will be able to support 200 students at both Spelman and Morehouse over the next decade.
During an interview with Gayle King, Hastings said: "About five years ago, I set up a program at my alma mater ... And so I was telling Michael Lomax, you know, 'Look at what I'm doing at Bowdoin College.' And he said, "Well, that's great. But, you know, there's this whole other world.' And what happens is that white capital tends to flow to predominantly white institutions. And it's just what you know and are comfortable with and have grown up with. And he offered to help Patty and I get to know the HBCUs ... And then this year, with the tragedy in America and everyone feeling hopeless, we realized this is the time to do something bigger, and to really try to bring the HBCU story front and center..."
Source: cbsnews.com
