That was just one of Scott’s bolt-from-the-blue gifts, some revealed in July and many more on Tuesday. Of that amount, $147 million went to Hispanic-serving institutions, $5 million to tribal colleges and $560 million to historically Black colleges and universities. By contrast, Prairie View A&M’s endowment stood at about $94 million at the time of Scott’s gift, Simmons said. Simmons plans to use much of the Scott gift to raise the endowment to $130 million. She called the Scott gifts “epic.”Elsewhere in Texas, Scott delivered big to schools with large Latino populations.

Source: Washington Post December 18, 2020 12:02 UTC