By Milton Kirby | Little Rock, AR | November 14, 2025
Philander Smith University (PSU) has received an unrestricted $19 million gift from philanthropist MacKenzie Scott. It is the largest single donation in the university’s 147-year history. University leaders say the contribution strengthens academic programs, student support, and long-term planning for the historic Little Rock HBCU.
A Gift with Full Flexibility
The donation is unrestricted, giving the university freedom to direct funds where they are most needed. That flexibility allows PSU to respond quickly to student needs, expand programs, and improve facilities without donor-imposed limits.
A Historic Institution with a Unique Mission
Founded in 1877, Philander Smith University is a small, private, historically Black liberal arts institution related to the United Methodist Church. It offers four undergraduate degrees — the Bachelor of Arts, Bachelor of Science, Bachelor of Business Administration, and Bachelor of Social Work — along with a Master of Business Administration (MBA).
The university’s mission is to graduate academically accomplished students who are grounded as advocates for social justice and committed to changing the world for the better.
PSU is also the only United Negro College Fund member institution in Arkansas, serving students of all backgrounds regardless of race, religion, sex, national origin, or ethnicity.
Leadership Responds
President and CEO Dr. Maurice D. Gipson said the contribution marks a major step forward.
“This gift is a resounding vote of confidence in our mission and our momentum,” Dr. Gipson said.
“It positions us to invest boldly in student success, facilities enhancement, and programs that prepare the next generation of Philander Smith leaders.”
Why This Gift Matters
HBCUs often operate with smaller endowments and historic funding inequities. Rising costs and enrollment shifts have increased pressure on many campuses. PSU leaders say the unrestricted gift will support scholarships, strengthen the endowment, and modernize facilities — areas essential for long-term growth.
Research shows that large, flexible donations like Scott’s can boost retention, expand academic offerings, and stabilize financial planning at HBCUs.
Scott’s Growing Impact on HBCUs
Since 2020, Scott has reduced her Amazon stake by 42 percent, selling or donating about 58 million shares. She is still worth more than $35 billion today, even after donating more than $19 billion through her philanthropic platform, Yield Giving. Created in 2022, Yield Giving supports thousands of organizations focused on education, equity, disaster recovery, and community advancement.
Her focus on large, unrestricted gifts has made her one of the most influential philanthropic partners for historically under-resourced institutions.
Scott’s donation to Philander Smith continues her record of large contributions to historically Black colleges and universities. Over the past five years, she has made significant gifts to institutions such as Prairie View A&M University, Bowie State University, North Carolina A&T University, and others.
These gifts have helped HBCUs build endowments, expand programs, and stabilize campuses that operate with far fewer financial resources than many predominantly white institutions.
Looking Forward
For Philander Smith University, the $19 million donation is more than a financial boost. It represents trust in the school’s mission, momentum for new initiatives, and an opportunity to deepen its impact on Little Rock and the region.
The gift provides stability and room for growth as PSU prepares the next generation of students and community leaders.
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