Oprah to give $13 million for college scholarship programme

Oprah Winfrey says she's giving $13 million to increase a scholarship endowment at a historically black college. Winfrey announced her plan last week at Morehouse College in Atlanta, adding to the $12 million she gave to the all-male college 30 years ago. She was meeting with 47 students already benefiting from the existing endowment. Winfrey's announcement came weeks after Morehouse announced it would cut some employee salaries and retirement contributions to increase student aid, and eliminate some jobs. Billionaire Robert Smith won wide notice earlier this year when he promised to repay all student and family loans accumulated by Morehouse's class of 2019. That one-time gift will be worth $34 million.

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