Netflix CEO Donates $120 Million to Historically Black Colleges & Universities

Netflix CEO Reed Hastings has pledged a huge donation to black education in the wake of the Black Lives Matter protests against systemic racism and police brutality following the killing of George Floyd.

Reed, 59, and wife Patty Quillin have pledged $120 million to the United Negro College Fund and two historically black colleges based in Atlanta: Spelman College and Morehouse College, NBC News reports.

Both colleges will receive $40 million each. The remaining $40 million will be donated to the United Negro College Fund — which will support student scholarships at historically black colleges and universities (HBCUs).

“The times are the most stressed, the most painful, that we’ve ever seen in our lives,” Reed shared. “But out of that pain can come some opportunity, too. And maybe this will be the moment things change.”

Reed explained that the donation is “the best gift we’ve ever given.”

“We wanted to do our part to draw attention, in this case, to the HBCU’s 150 years of resilience, of education young Black people and the stories not well understood in the white community,” Reed said.

Netflix also recently launched a curated Black Lives Matter category to show their support for the movement.