Netflix CEO Reed Hastings and his wife, Patty Quillin have decided to donate $120 million to historically black colleges and universities. The couple will be donating $40 million to each of the three colleges- The United Negro College Fund, Spelman College and Morehouse Collge.
Reed Hastings said now is the time when”everyone needs to figure out” how to contribute to solving racism. He said HBCUs are the resilient”little-known gems” for the black education.
Netflix CEO had earlier contributed $1 million to a research organisation which works to fight racial discrimination in American Law Enforcement using data science.
The death of George Floyd by a police officer in Minneapolis has sparked a debate on deep rooted racism present in developed countries like the USA. The black community faces discrimination in many sectors like health, education. The black college students report higher level of stress related to racial discrimination than any other racial or ethnic group. According to data from the U.S. Census Bureau, there were 887,000 black women enrolled in college compared to 618,000 black men. Another study revealed that black men earn less than the white men, even if they were raised in families earning the same amount.
Other tech industries have also been donating in the wake of the Black Lives Matter protests in the USA. For instance, Apple CEO Tim Cook announced that the company will contribute $100 million on a new Racial Equity and Justice initiative and to invest in education and criminal Justice reform among the other things. Also Youtube, pledged to give $100 million to help black artists and other creators.