The gift by the Netflix co-founder and his wife,, to Spelman College and Morehouse College – two Atlanta universities – and the United Negro College Fund was touted as the largest-ever contribution by an individual in support of such scholarships.
‘Both of us had the privilege of a great education and we want to help more students – in particular students of color – get the same start in life,’ Quillin and Hastings said in a statement.
‘Historically black colleges and universities have a tremendous record, yet are disadvantaged when it comes to giving.’
The money is to be spent during the coming decade to pay for 200 students to attend full 4-year college programs.
Quillin and Hastings said they hoped the scholarships help ‘reverse generations of inequity in our country.’
Hastings, who as a younger man spent time in the Peace Corps and teaching high school-level math in Swaziland, and his wife have a history of philanthropy aimed at education.
Apple recently launched a $100 million initiative to combat systemic, and Google has committed $275 million to help black artists on YouTube, help fund African American small businesses and other projects to support the community.