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Netflix co-founder and CEO Reed Hastings and his wife Patty Quillin just made the largest single individual gift ever to support scholarships at historically Black colleges and universities, CBS News reports. On Wednesday (June 17), journalist Gayle King announced that the couple will give $120 million to be split equally between Morehouse College, Spelman College, and the United Negro College Fund . JUST ANNOUNCED: @Netflix co-founder & CEO @ReedHastings and his wife Patty Quillin say they'll give $120M, to be split among @Morehouse & @SpelmanCollege & @UNCF — the largest single individual gift ever to support scholarships at historically black colleges and universities. pic.twitter.com/33ZLzdNLzW — CBS Mornings (@CBSMornings) June 17, 2020 Hastings credited Dr. Michael L. Lomax, president and CEO of the United Negro College Fund, for showing him and his wife the significance of these institutions. “What happens is that white capital tends to flow to predominantly white...