Netflix co-founder and CEO Reed Hastings, along with his wife Patty Quillin, have donated $120 million to support scholarships for Historically Black Colleges and Universities.

The donation will be divided among Spelman College and Morehouse College, both located in Atlanta, as well as the United Negro College Fund. Hastings said that the contribution is to celebrate “black achievement.” The scholarship fund will be able to support 200 students at both Spelman and Morehouse over the next decade.