Since the 2020 Black Lives Matter Movement, celebrities have made donations to Howard University
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that have improved the school's credit rating in the municipal bond market. Sean "Diddy" Combs, the founder
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of Bad Boy Records, promised to donate $1 million to an HBCU at the 2022 BET Awards in June.
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The ex-wife of former Amazon CEO Jeff Bezos, Mackenzie Scott, gave the university a staggering
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$40 million gift in 2020. Howard University's total cash and investments reached $880 million in
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fiscal year 2021, a 21% gain, as a result of the endowment return, federal assistance during the
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epidemic, and $64 million in gifts and donations, according to a study by Moody's Investors Service.
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Due to this, Howard's issuer rating has been downgraded by Moody's from Ba2 to Ba1.
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The improvement in the university's operating performance, better enrollment management,
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revenue growth, and liquidity improvements are all taken into account in the upgrade of the issuer rating to Ba1.
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