ATLANTA - Oprah Winfrey donated $13 million to Morehouse College on Monday further contributing to her scholarship program at the institution that was founded more than 150 years ago to educate African American men.
Winfrey topped her own $12 million donation she made to the Atlanta college 30 years ago. The $25 million donation is the largest endowment in the history of the school.
“I was really surprised to learn that it’s been 30 years since I made that $12 million donation to Morehouse, so today I would like to add $13 million to that,” Winfrey said to cheers in an announcement at the school.
Here is video from today's surprise announcement. Oprah Winfrey donated $13 million to continue the Oprah Winfrey Scholarship Program, pushing her total investment to $25 million, which is the largest endowment in the College’s history. pic.twitter.com/5tcs6Pfu5m— Morehouse College (@Morehouse) October 7, 2019
The $13 million will go solely to the Oprah Winfrey Scholars Program that was created with her gift in 1989. About 600 students have been educated through the program.
Winfrey, the media mogul and philanthropist, made the surprise announcement after meeting 47 Oprah Winfrey Scholars, whom she called “sons,” according to a news release from the college. The college presented Winfrey with a painting of her likeness.
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Winfrey’s gift comes less than two weeks after the college announced several budget cuts to help with the school’s cash flow problems. For the next nine months most professional staff and faculty will receive a monthly furlough day and the school will cease matching contributions to retirement funds for all employees.
Historically black colleges such as Morehouse traditionally have more difficulty getting major contributions from donors. Students at those schools typically come from families with lower household incomes and graduate with greater student loan debt. At Morehouse, a private liberal arts college with about 2,200 students, the average student loan debt for graduates is between $35,000 to $40,000, which is more than the national average of about $29,000.
In May, billionaire technology investor and philanthropist Robert F. Smith surprised Morehouse administrators and students in his commencement speech when he announced plans to repay the student loan debt for each graduating senior. The college announced last month that the gift, $34 million, will be directly paid by the college to student loan companies.
Winfrey was in Atlanta on Saturday for the grand opening of Tyler Perry Studios.
“I’m grateful to Oprah Winfrey for her generosity,” said the college’s president, David A. Thomas, in a statement. “I am also feeling hopeful for Morehouse and what it has garnered in terms of philanthropic support with gifts like Oprah’s and Robert Smith’s. I am hopeful that this will also get others to step up with their support of Morehouse, but even more broadly, historically black colleges and universities.”
Staff writer Shelia M. Poole contributed to this report.
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