How a $100M donation is a game-changer for HBCUs

The United Negro College Fund received a $100 million grant to help increase endowments for historically Black colleges and universities. The donation from the Lilly Endowment is the single largest unrestricted private grant in the organization's history and its purpose is to increase funding for its 37 member institutions. Geoff Bennett discussed more with UNCF President and CEO Michael Lomax.