Media & Entertainment

October 9, 2019,   5:45 PM

This Billionaire Just More Than Doubled Their Donation To Morehouse College

Samar Khouri


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Source: Flickr

Oprah Winfrey has donated an additional $13 million to continue her scholarship endowment at Morehouse College in Atlanta—bringing her total investment to $25 million.

According to a news release from the college, the self-made billionaire and philanthropist visited the all-male institution to celebrate the Oprah Winfrey Endowed Scholars Program’s 30th anniversary. Her contribution makes it the largest endowment for a scholarship in the school’s history.

She met with 47 Oprah Winfrey program scholars and vowed to continue funding the program in support of the men’s future education at Morehouse.

Since launching the program in 1989, the media mogul has donated $12 million, which funded the education of around 600 scholars, the college stated. Beneficiaries included Alabama Mayor, Randall Woodfin, who was named the youngest mayor of Birmingham when elected in 2017.

Her latest donation comes less than a month after the founder, chairman and CEO of Vista Equity Partners, Robert F. Smith, announced his plans to donate $34 million to wipe out the student loan debt of nearly 400 Morehouse graduates for the Class of 2019 and their parents’ educational loans.

Winfrey has transitioned her award-winning talk show of 25 years into a business and media empire. In June 2018, she signed a multi-year deal with tech-giant Apple’s streaming service to develop original content in a $1 billion programming push. She is still serving as the chairman and CEO of Discovery-backed cable network OWN.

Her real time net worth is $2.7 billion and she ranks at number 319 on Forbes 400 2019 list.

Source: Morehouse College
Source: Morehouse College

According to The Chronicle of Higher Education, here are Forbes’ most charitable billionaires that have made donations to higher education:

  1. Michael R. Bloomberg ($1.8 billion, Johns Hopkins University)
  2. Melinda and Bill Gates ($1 billion, Gates Millennium Scholars program)
  3. Anil Agarwal ($1 billion, Vedanta University)
  4. Stewart and Lynda Resnick ($750 million, California Institute of Technology)
  5. Ted Stanley ($650 million, The Broad Institute)
  6. Betty and Gordon Moore ($600 million, California Institute of Technology)
  7. Florence and Herbert Irving ($600 million, Columbia University and NewYork-Presbyterian)
  8. Penny and Phil Knight ($500 million, Oregon Health & Science University)
  9. Helen Diller ($500 million, University of California at San Francisco)
  10. Penny and Phil Knight ($500 million, University of Oregon)

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