Scott’s post included a list of the hundreds of organizations that received funds, including financial service providers for under-resourced communities, education for historically marginalized and underserved individuals, civil rights advocacy groups and legal defense funds that take on institutional discrimination.
The process combined data with the “suggestions and perspectives of field experts, funders and non-profit leader and volunteers with decades of experience.”
In the latest round of giving, Scott donated $40 million to Morgan State University, an HBCU in Baltimore. The gift is the largest single private donation in the university’s history, and roughly doubles the school’s endowment.
Scott gave $50 million to Prairie View A&M University in Texas — the school’s largest donation ever, and nearly doubling its endowment, according to the university.
Other HBCUs including Claflin, Virginia State and Dillard University also received donations.
Other organizations on the list included the local chapters of Goodwill, Meals on Wheels, YMCA and United Way; the NAACP; Global Fund for Women; and ACE (Access to Capital for Entrepreneurs), which provides affordable loans to underserved small businesses.
“We do this research and deeper diligence not only to identify organizations with high potential for impact, but also to pave the way for unsolicited and unexpected gifts given with full trust and no strings attached,” Scott said in the post. “Because our research is data-driven and rigorous, our giving process can be human and soft.”
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