Netflix founder and co-CEO Reed Hastings is donating $20 million to Minerva University, styled as a next-generation institution of higher education. Founded in 2012 with $25 million in venture capi…
Founded in 2012 with $25 million in venture capital from Benchmark, San Francisco-based Minerva University is a U.S. accredited non-profit university with more than 600 students and nearly 600 alumni. With Hastings’ $20 million grant, the school plans to “support students with high financial need with scholarships,” boost awareness and enrollment, and expand existing offerings to students and create new ones ranging from academic programs to lab and research initiatives, Minerva University said.
Hastings has a long track record as an educational philanthropist. In 2020, Hastings and his wife, Patty Quillin, gavefor scholarships to historically Black colleges and universities. Last year, the couple donated $10 million to Tougaloo College, an HBCU in Mississippi. Hastings and Quillin have supported the KIPP Foundation, which runs a national network of tuition-free charter schools serving low-income communities of color.
Hastings commented, “Minerva graduates have a depth of global cultural understanding, intellectual skills that cross disciplines, and problem-solving abilities unique to higher education. I see incredible potential for Minerva University to increase its positive impact in the world.”
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