Billionaire philanthropist MacKenzie Scott announced a new wave of unrestricted gifts to historically Black colleges and universities, totaling hundreds of millions across multiple institutions. The donations include record‑breaking nine‑figure and $50‑plus million gifts that HBCU leaders say will fund scholarships, strengthen endowments, bolster research and support student success initiatives. Trustees and finance officers will need to translate one‑time windfalls into sustainable strategies; development offices say the unrestricted nature of the gifts lets campuses prioritize strategic investments but also raises governance questions about long‑term stewardship and impact measurement.