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Netflix CEO is donating $120 million to HBCUs, wants it to celebrate "great black achievement"
Source: CBS NewsNetflix CEO Reed Hastings and his wife, Patty Quillin, announced they are giving $120 million to support scholarships at historically black colleges and universities.
The donation, the largest of its kind, will be split among Morehouse College, Spelman College and the United Negro College Fund, and will be enough for both universities to support 200 students each over the next decade.
Hastings credited Dr. Michael L. Lomax, president and CEO of the United Negro College Fund, for "offering to help" him and his wife get to know the HBCUs, and explained why now is as important a time as ever to shine a spotlight on the significance of these institutions.
Hastings and Lomax, along with Morehouse College President David A. Thomas and Spelman College President Mary Schmidt Campbell, spoke with "CBS This Morning" co-host Gayle King about the record-setting gift.
The donation, the largest of its kind, will be split among Morehouse College, Spelman College and the United Negro College Fund, and will be enough for both universities to support 200 students each over the next decade.
Hastings credited Dr. Michael L. Lomax, president and CEO of the United Negro College Fund, for "offering to help" him and his wife get to know the HBCUs, and explained why now is as important a time as ever to shine a spotlight on the significance of these institutions.
Hastings and Lomax, along with Morehouse College President David A. Thomas and Spelman College President Mary Schmidt Campbell, spoke with "CBS This Morning" co-host Gayle King about the record-setting gift.
Much more at the link, including video:
https://www.cbsnews.com/news/reed-hastings-netflix-ceo0donation-120-million-hbcus/
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