Norfolk State has received a $40 million gift, the largest single-donor gift in its 85-year history, from MacKenzie Scott, philanthropist and novelist. - Read the article
Narrative on Gift Breakdown
Scott Endowed Scholarship Fund ($15M) | 2021
- 409 students were assisted with scholarships Fall 2021 for a total of $750,000
- 2022 (5% or up to $750,000)
- Matching fund to incentivize donors and alumni to initiate $25,000 endowments in 2022
- Student emergency relief fund
- Fund will assist with filling the $4M scholarship gap per year with general endowments for student
Special Initiative ($10M) | 2022
- Venture Capital- Funds designated to pursue long-term revenue generating opportunities
– PPE Student Housing
– Research Laboratories
Programming & Research Institutional Excellence Fund ($10M) | 2022 (5% or up to $500,000)
- Research grant match
- Professional development to enhance internal capacity
– Women’s Professional Development Initiative
– Faculty and Staff conferences, trainings and initiatives
Strategic Investment Fund ($5M) | 2021
- Property acquisition (Shepard’s Village purchased May 2021) | 2022
- Additional facility acquisition to enhance campus and student life and wellness
$15,000,000 Scott Endowmed Scholarship Fund
$10,000,000 University Special Initiatives
$10,000,000 Programming & Research Institutional Excellence Fund
$5,000,000 Campus Strategic Fund