The widespread mass protests that emerged across many parts of the United States after the death of George Floyd in May 2020 not only awakened the consciousness of many Americans to the issues of racial injustice and discrimination, but the funding landscape of many Historically Black Colleges and Universities (HBCUs) are experiencing record-breaking donations from philanthropists and major corporations since 2020. Two important questions to explore are: First, what explains the rationale for these record-breaking donations? Second, what do the record-breaking donations mean for the future of HBCUs? In other words, this chapter examines the rationale for these donations and what can be for the future of HBCUs in terms of how these donations can be effectively utilized. The analysis in the chapter reveals that the record-breaking donations to HBCUs are not only unprecedented with novel ideas of philanthropic giving, but these record-breaking donations are expected to positively transform many of these historic Black colleges and universities.