Here's your Forbes Daily Briefing for Saturday, April 26th.

Today on Forbes, Pete Hegseth hates DEI.

His deputy put tens of millions into it.

Embattled Secretary of Defense, Pete Hegseth assumed his role with a clear mission in mind.

Four days after taking office, he said on Fox News, quote,

DEI is going to be ripped out root and branch. His deputy secretary, billionaire investor Steve

Feinberg, has a different perspective, having spent nearly $40 million on scholarship programs

for black students in recent years, making diversity, equity, and

inclusion initiatives the largest recipients of grants from his foundation.

Feinberg's commitment to the cause began in 2020, the year George Floyd's murder sparked

a national outcry. The biggest beneficiary appears to be Tuskegee University, which received a $5 million grant from

Feinberg's Foundation that year, one of the largest gifts ever for the historically black

school.

A press release issued at the time said the money would go towards scholarships for needy students.

The famously private Feinberg did not provide any quotes for the announcement, but his foundation

issued a statement with no name attached to it. It said, quote, we're very pleased to honor our

founder's philanthropic vision, with a grant that has real potential to advance racial equity in

post-secondary education. Money continued to pour in from Feinberg's foundation over the ensuing years, eventually

reaching about $20 million.

The investor also bankrolled a similar effort through the Thurgood Marshall College Fund,

to which he gave another $5 million in 2020.

That organization then provided $8,500 a year to about 60 students, who had to be

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