Netflix CEO Reed Hastings and his wife Patty Quillin recently announced that they will donate $40 million each to the United Negro College Fund (UNCF) and Spelman and Morehouse colleges, two historically Black institutions in Atlanta.
Hastings and Quillin said in a statement that they hoped their gift would spur others to donate to historically Black colleges and universities to help "reverse generations of inequity in our country."
Michael L. Lomax, CEO of UNCF, lauded the pair for the gift.
"I am uplifted by the incredible support of Patty and Reed whose commitment has reaffirmed that we can overcome these challenges together," Lomax said.
I feel a profound sense of responsibility to steward their incredible gift to maximum impact and ensure that it advances their belief in and commitment to the principle that 'Black lives matter.'"
