MacKenzie Scott Annual Report

MacKenzie Scott Annual Report 2021

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

MacKenzie Scott 2021 Annual Report
$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