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Netflix CEO donating $120 million to historically black colleges and universities

Netflix CEO donating $120 million to historically black colleges and universities
Posted at 9:59 AM, Jun 17, 2020
and last updated 2020-06-17 09:59:12-04

Netflix CEO Reed Hastings and his wife, Patty Quillin, are donating $120 million toward student scholarships at historically black colleges and universities.

The couple is giving $40 million to each of three institutions: the United Negro College Fund, Spelman College and Morehouse College. The organizations said it is the largest individual gift in support of student scholarships at HBCUs.

Hastings has a history of supporting educational causes, including charter schools. He launched a $100 million education fund in 2016, beginning with money toward college scholarships for black and Latino students.

Business leaders have pledged solidarity with the black community amid ongoing protests over police brutality.