CM – MacKenzie Scott donates more than $ 100 million to universities and community colleges in Texas college

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That includes $ 40 million to the University of Texas at San Antonio that the university plans to use to increase enrollment, retention, and graduation rates at the Hispanic institution.

by Kate McGee

June 15, 2021

Updated: 1 hour ago

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Billionaire philanthropist MacKenzie Scott and her husband Dan Jewett made new donations Tuesday Tens of millions of dollars to a group of Texas universities and community colleges serving large numbers of colored students.

Scott, who owns 4% of Amazon and was married to founder Jeff Bezos, graduated from the University of Texas at San Antonio donated $ 40 million that the university plans to use to increase student enrollment, retention, and graduation rates at the Hispanic-serving institution. She also donated $ 40 million to the University of Texas Rio Grande Valley and donated to several community colleges across Texas, including $ 15 million to Amarillo College and $ 30 million to San Jacinto College, so one Blog post announcing the latest $ 2.7 billion in donations.

Scott is said to be worth $ 60 billion and has already donated $ 8 billion to hundreds of organizations across the country .

“This gift is utterly transformative for us, for our students, and for our community – it’s a huge investment in our future together. Getting a college education is the best way to address the inequalities that exist in our communities, « said Taylor Eighmy, president of UT-San Antonio, in a press release announcing the gift.

According to UT-San Antonio 75% of the 34,000 students attending the university receive financial support. Around 56% of the students are Hispanic American. The university’s graduation rate has increased in recent years, with the graduation rate after six years increasing from 31% in 2015 to 46%. Scott and Jewett chose to donate to the university because they are helping students from underserved communities, the message reads.

UT-San Antonio is also an emerging Carnegie R1 university, the highest research award among colleges . University officials said the money would also help officials pursue that goal.

In December, Scott donated $ 50 million to Prairie View A&M University, a historically black university, and $ 40 million to Texas A&M International University in Laredo, which mainly serves Hispanic students. Both gifts are the greatest in any university’s history.

Disclosure: The University of Texas at San Antonio, Prairie View A&M University, University of Texas Rio Grande Valley, San Jacinto College, and Texas A&M International University financial supporters of The Texas Tribune, a nonprofit, non-partisan news organization that is funded in part through donations from members, foundations, and corporate sponsors. Financial supporters play no role in the journalism of the Tribune. A full list can be found here.

Updated: Dec 15, 2020

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