Netflix CEO Reed Hastings Pledges $120M to Historically Black Institutions The donation is on behalf of Hastings and his wife, Patty Quillin. According to CNBC, $40 million will benefit the United Negro College Fund (UNCF). Morehouse College and Spelman College are also each getting $40 million. Reed Hastings, via CNBC Reed Hastings, via CNBC The donation comes as protests against racial injustice have spread across the U.S. COVID-19 has also heavily impacted the African-American community. 'Forbes' places the Netflix CEO's wealth at around $4.8 billion.