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Lehman College Gifted $30M from America’s Second Wealthiest Woman

Lehman College
Photo by Ruth Yesenia Pazmino

When Lehman College President Daniel Lemons received a cryptic email message from a team of advisors to America’s second wealthiest woman, he had no idea what was to follow. A few weeks later, he received a phone call confirming that Lehman College was selected to receive a $30 million donation from MacKenzie Scott. It is the largest single gift in the history of the college which was founded in 1968.

 

The school made the announcement in a press release on Dec. 16. “It was completely out of the blue,” Lemons told the Norwood News. He adds that incredibly, “There are no strings attached.”

 

It’s been reported that Scott has given away more than $4 billion in the last four months. Although she is an author and philanthropist, she is perhaps best known as the ex-wife of Jeff Bezos, founder of Amazon. When they divorced last year, Scott received a 4 percent stock in the company which was valued then at $37 billion.

 

For Lemons, though, it’s not only about the money. “She’s taking a really radical approach to philanthropy,” he said. “She’s looking at where the greatest need is at and asking where [her donations] can get things done.”

 

Scott’s search for where the donations could have the greatest impact has resulted in $4,158,500,000 being distributed to 384 organizations throughout the 50 states, Washington D.C., and Puerto Rico. The money will benefit a variety of organizations from academic institutions like Lehman, to nonprofits like United Way, to food distribution groups like Meals on Wheels.

 

It will take some time for administrators at Lehman to determine how best to use a donation that represents a five fold increase in the school’s $6 million endowment. Two things that Lemons makes clear, is that some of that money should be used as soon as possible to address the food insecurity that affects many students, instead of being used to solve issues with the college’s general operating budget.

 

Last month, Norwood News reported on a food distribution event at Lehman College, partnering with the Foodbank of New York and Montefiore Health System to help students meet basic meal needs before the Thanksgiving holiday. Campus-wide research before the pandemic found that almost 50 percent of the students experienced some type of food insecurity. In 2018, the latest published figures available on the school’s website, revealed enrollment in the school at 14,787 including 2,148 graduate students.

 

Among the undergraduate population, 60 percent of students are from the Bronx, and 53 percent are Hispanic. The school has been designated a Hispanic-serving institution (HSI), and among the City University of New York’s (CUNY) network of schools, is the only majority Hispanic college.

 

There was more good news affiliated with the school in recent weeks, as also reported by Norwood News, with the announcement that former alumna from the Class of ’15, Erica Rosero, a certified business advisor at the college’s Bronx Business Development Center (SBDC), was recognized for bringing more than $23 million in grants and loans to small businesses in the Bronx during the past year.

 

Susan E. Ebersole is vice president of Lehman College Institutional Advancement and will play a role in working out the details and timing of the $30 million gift. In the school’s press release, she expressed both gratitude and excitement for the future of her students.

 

“So often, Lehman College is referred to as CUNY’s ‘hidden gem’ in the Bronx,” Ebersole said. “It is our hope that this extraordinary leadership gift from Ms. Scott will bring further recognition to Lehman College and its remarkable history of accomplishments, and of the achievements of our students, most of whom live in the Bronx.”

 

 

Welcome to the Norwood News, a bi-weekly community newspaper that primarily serves the northwest Bronx communities of Norwood, Bedford Park, Fordham and University Heights. Through our Breaking Bronx blog, we focus on news and information for those neighborhoods, but aim to cover as much Bronx-related news as possible. Founded in 1988 by Mosholu Preservation Corporation, a not-for-profit affiliate of Montefiore Medical Center, the Norwood News began as a monthly and grew to a bi-weekly in 1994. In September 2003 the paper expanded to cover University Heights and now covers all the neighborhoods of Community District 7. The Norwood News exists to foster communication among citizens and organizations and to be a tool for neighborhood development efforts. The Norwood News runs the Bronx Youth Journalism Heard, a journalism training program for Bronx high school students. As you navigate this website, please let us know if you discover any glitches or if you have any suggestions. We’d love to hear from you. You can send e-mails to norwoodnews@norwoodnews.org or call us anytime (718) 324-4998.

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