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Billionaire MacKenzie Scott has donated a “transformational” $70 million to the United Negro College Fund (UNCF) to strengthen historically Black colleges and universities (HBCUs), following her previous $10 million contribution in 2020. This funding supports the UNCF’s $1 billion Capital Campaign and aims to enhance the long-term financial health of its member institutions, reflecting a growing commitment to HBCUs amidst increased federal funding and philanthropic efforts.
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