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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

President Trump proposed a 14.4% reduction in federal Title III funding, impacting HBCUs and other under-resourced colleges.

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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