Bowie State and Eastern Shore, like many HBCUs that received donations from MacKenzie Scott, invested the money in their endowments and have been using the earnings to fund scholarships. Breaux said when she arrived at Bowie State in 2017 there was less than $10 million in the endowment, which today stands at $31 million.

Source: Washington Post July 30, 2021 16:18 UTC