Oprah Makes A Historic Investment To Support Morehouse College Students

Oprah Makes A Historic Investment To Support Morehouse College Students”

While visiting the Atlanta-based college to celebrate the 30th anniversary of The Oprah Winfrey Scholars Program, its namesake announced, to the surprise of the students and faculty, her plan to donate $13 million to the fund, which had $12 million prior to her kind gesture.

Winfrey's donation along with the $12 million the media mogul gifted the school 30 years ago, totaling $25, has become the largest endowment in the history of the school, WSBTV reports.

"Seeing you young Oprah Winfrey scholars here today has moved me deeply", she said.

The 47 scholars in attendance, whom she called "sons", each gave Winfrey a rose, and the school unveiled a portrait to honor Winfrey for her support.

Over the past three decades, Winfrey's endowment has funded the education of nearly 600 scholars, giving them opportunities for global experiences that open their classrooms to the four corners of the world, according to Morehouse President David A. Thomas.

The college described the gift as a surprise.

Winfrey's announcement came weeks after 2,200-student Morehouse announced it would impose an unpaid monthly furlough day for 415 professional employees and stop retirement contributions of 3% of employee salaries. Some jobs will also be eliminated, with the overall cost-cutting effort meant to redirect $3 million to student aid.

This most recent donation comes just months after billionaire Robert Smith promised to pay off all the student debt of the school's graduating class of 2019. "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".

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