Nikole Hannah-Jones made waves when she chose Howard University over UNC-Chapel Hill. But she's one of countless educators who see a bigger purpose in teaching at HBCUs

"We looked for 2- and 4-year institutions successfully educating students who come from communities that have been chronically underserved," Scott wrote of her latest round of record gifts to higher education.

Clark Atlanta, Morehouse and Spelman will help students build career pathways in alternative investments in 10-year partnership with three firms and Wharton School.

With scholarships and other funding, Wilberforce University eliminates all debts students owe to the institution.