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2020 Showed That Colleges Don’t Have Revenue Problems. They Have Funding Shortfalls.

As the year ends, one of the bigger higher education stories of the moment is Mackenzie Davis (née Bezos) gifting tens of millions of dollars to numerous low-endowment colleges and universities, most specifically HBCUs.

These gifts—$30 million to Winston-Salem State, $40 million to Morgan State, $50 million to Prairie View A&M University—are in most cases the largest donations in institutional history, larger even than the existing endowments at each institution.

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