Netflix CEO Reed Hastings and his wife, Patty Quillin, are donating $120 million to historically black colleges and universities, the executive revealed Wednesday in a segment on CBS This Morning. The donation will be split among Morehouse College, Spelman College and the United Negro College Fund.
Hasting’s donation is the single largest individual gift ever given to support scholarships at historically black colleges and universities, said CBS This Morning. (Editors’ note: CNET and CBS This Morning are both part of ViacomCBS.)
The donation will support scholarships at Morehouse and Spelman colleges and through the United Negro College Fund.