‘I Was Stunned’: Big Gifts to Small Colleges From an Unexpected Source - News Summed Up

‘I Was Stunned’: Big Gifts to Small Colleges From an Unexpected Source


They came like gifts from a Secret Santa, $20 million here, $40 million there, all to higher education, but not to the elite universities that usually hog all the attention. These donations went to colleges and universities that many people have never heard of, and that tended to serve regional, minority and lower-income students. Ms. Scott, who was formerly married to the Amazon founder Jeff Bezos, the world’s richest person, has pledged to give away most of her wealth. Her shares in Amazon were valued at about $38 billion last year but would have gained value during the coronavirus pandemic. But it could not have come at a better time — when the pandemic was hitting their student bodies hard, they said.


Source: New York Times December 16, 2020 23:15 UTC



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