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


Hastings has additionally donated $1 million to the Heart for Policing Equality.

Ore Huiying/Getty Pictures for Netflix

Netflix CEO Reed Hastings and his spouse, Patty Quillin, are donating $120 million to traditionally black schools and universities, the chief revealed Wednesday in a section on CBS This Morning. The donation might be break up amongst Morehouse Faculty, Spelman Faculty and the United Negro Faculty Fund

Hasting’s donation is the one largest particular person present ever given to help scholarships at traditionally black schools and universities, mentioned CBS This Morning. (Editors’ word: CNET and CBS This Morning are each a part of ViacomCBS.)

Hastings credited the CEO of the United Negro Faculty Fund, Michael L. Lomax, for serving to him and his spouse perceive the significance of traditionally black schools and universities.

“What occurs is that white capital tends to move to predominantly white establishments. And it is simply what and are comfy with and have grown up with,” mentioned Hastings advised CBS This Morning. “And he supplied to assist Patty and I get to know the HBCUs. … After which this yr, with the tragedy in America and everybody feeling hopeless, we realized that is the time to do one thing greater, and to essentially attempt to deliver the HBCU story entrance and middle.”

Netflix is among the many tech companies to make donations in help of the Black Lives Matter motion following nationwide protests sparked by the dying of George Floyd. Hastings additionally donated $1 million to the Heart for Policing Equality.

Hastings can be reportedly one of many nation’s largest donors to training reform and has been quietly funding a big middle for training reform in Colorado, Recode reported.

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