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FortuneApr 16, 2026National News

MacKenzie Scott is bypassing the Ivy League and rewriting the $79 billion higher ed playbook by giving to HBCUs and community colleges

Representative Bobby Scott condemned the administration's budget, stating it fails to deliver for disadvantaged students seeking college access.

MacKenzie Scott is bypassing the Ivy League and rewriting the $79 billion higher ed playbook by giving to HBCUs and community colleges
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tl;dr

Philanthropist MacKenzie Scott has donated over $1.2 billion to HBCUs and community colleges, providing a critical financial safety net as the Trump administration proposes a 14.4% cut to federal support for under-resourced institutions.

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