Philander Smith receives historic $19 million gift

by Talk Business & Politics staff ([email protected]) 383 views 

Philander Smith University has received a $19 million unrestricted gift from philanthropist MacKenzie Scott, the largest single contribution in the Little Rock university’s 147-year history.

“This gift is a resounding vote of confidence in our mission and our momentum,” said Dr. Maurice D. Gipson, president and CEO of Philander Smith University. “It positions us to invest boldly in student success, facilities enhancement, and programs that prepare the next generation of Philander Smith leaders. We are profoundly grateful for this transformational support, which allows us to move Philander First with renewed purpose and vision.”

The unrestricted nature of the gift allows university leadership and the board of trustees to allocate funds strategically in support of institutional priorities, including scholarships, academic innovation, infrastructure, and long-term financial sustainability.

Dr. Tionna Jenkins, chair of the Philander Smith University Board of Trustees and a 2001 alumna, said the gift underscores the institution’s enduring value and promise.

“This moment is deeply personal as a Philander Smith graduate,” she said. “Ms. Scott’s generosity helps ensure that the university continues to thrive and expand its impact for generations to come.”

MacKenzie Scott is an American novelist, philanthropist, and early contributor to Amazon. She was married to Jeff Bezos, the co-founder of Amazon, from 1993 to 2019.