Netflix CEO Reed Hastings will contribute $120M to traditionally black universities

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Hastings has actually likewise contributed $1 million to the Center for Policing Equality.


Ore Huiying/Getty Images for Netflix

Netflix CEO Reed Hastings and his better half, Patty Quillin, are contributing $120 million to traditionally black institution of higher learnings, the executive exposed Wednesday in a sector on CBS This Morning. The contribution will be divided amongst Morehouse College, Spelman College and the United Negro College Fund. 

Hasting’s contribution is the single biggest specific present ever provided to support scholarships at traditionally black institution of higher learnings, stated CBS This Morning. (Editors’ note: CNET and CBS This Morning are both part of ViacomCBS.)

Hastings credited the CEO of the United Negro College Fund, Michael L. Lomax, for assisting him and his better half comprehend the value of traditionally black institution of higher learnings.

“What happens is that white capital tends to flow to predominantly white institutions. And it’s just what you know and are comfortable with and have grown up with,” stated Hastings informed CBS This Morning. “And he 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.”

Netflix is among the lots of tech companies to make contributions in assistance of the Black Lives Matter motion following across the country demonstrations stimulated by the death of George Floyd. Hastings likewise contributed $1 million to the Center for Policing Equality.

Hastings is likewise supposedly among the nation’s greatest donors to education reform and has actually been silently moneying a big center for education reform in Colorado, Recode reported.


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