Netflix CEO Reed Hastings and his wife Patty Quillin have donated $120 million to support scholarships for students at Historically Black Colleges and Universities. Hastings announced the offering — the largest donation of its kind — in an interview with Gayle King on “CBS This Morning” on Wednesday (June 17).
“What happens is that white capital tends to flow to predominantly white institutions. It’s just what you know and are comfortable with and have grown up with,” Hastings told King. “[Dr. Michael Lomax] offered to help Patty and I get to know the HBCUs… And then this year, with the tragedy in America and everyone feeling hopeless, we realized this is the time to do something bigger, and to really try to bring the HBCU story front and center.”
—REVOLT
