Spelman College is the latest HBCU to receive funding from billionaire philanthropist MacKenzie Scott.

CBS News reports Scott signed the Giving Pledge after divorcing Amazon founder Jeff Bezos in 2019. She vowed to donate over half her wealth, and she has been doing so ever since, with some allocated to Historically Black Colleges and Universities. She made early rounds in 2020, with Spelman College receiving $20 million toward scholarships and its endowment.

Fast-forward to 2025, and Scott has doubled down on her pledge and invested an additional $38 million in unrestricted funding. The commitment will support financial aid and the school’s technology infrastructure.

“This investment is a powerful affirmation of our mission and our commitment to educational excellence and equity,” Spelman Interim President Rosalind “Roz” Brewer said in a statement, according to CBS News. “The flexibility of this gift allows us to move more swiftly to strengthen the entire student experience, modernize our technology infrastructure, and expand financial opportunity for scholars who call Spelman home. It is an investment in both our present and our future as we continue to advance our legacy of producing change-making global leaders.”

Scott’s investment in Spelman came just one day after Howard University announced it received a historic $80 million in unrestricted funding from the philanthropist and author, as AFROTECH™ previously reported. The funding will be used to train medical students as the university aims to expand its academic medical center and increase the student-to-career pipeline in nursing, dental, medical, and pharmacy.

“Ms. Scott’s generosity will have a lasting impact on medical education, research and health equity,” Andrea A. Hayes Dixon, the dean and senior vice president of Howard’s medical school, said in a statement, according to The Washington Post.

The funding will also improve Howard University’s facilities and provide financial assistance through the “temporary relief plan” amid the government shutdown, which will defer payments for students without penalties. The shutdown has delayed almost $55 million in annual federal appropriations for universities across the U.S., the outlet noted.