Related
A donation from the CEO of Netflix has been criticized online because of who the recipient is.
Netflix CEO Reed Hastings and his wife, Patty Quillin, are donating $120 million of his own money to historically Black colleges and $40 million to the United Negro College Fund, Spelman College and Morehouse College. The organizations said it is the largest individual gift in support of student scholarships at HBCUs.
Some on social media have criticized the move.
With a diversity problem in the Silicon Valley, one CEO believes in the donation.
"I am so proud of my friend, Reed Hastings," Silicon Valley Leadership Group CEO Carl Guardino said.
It was just a week ago that Netflix introduced a Black Lives Matter collection.
"His heart for racial justice and equity rings so true today as it always has for Reed Hastings with his incredibly generous contribution of well over $100 million to historically Black universities and colleges," Guardino told KCBS Radio.
Hastings has a history of supporting educational causes, including charter schools.
He launched a $100 million education fund in 2016, beginning with money toward college scholarships for black and Latino students.