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The new wave of funds will also be allocated to Texas Southern University, Fisk University and Grambling State University.
This isn't the first time Beyonce has given money HBCUs. Last year, she celebrated the anniversary of the release of her critically acclaimed album "Lemonade" by awarding scholarships to four "Formation scholars," including Morehouse's neighboring institution Spelman College.
According to the songstress’ website, those scholarships were created to “encourage and support young women who are unafraid to think outside the box and are bold, creative, conscious and confident.”
» RELATED: Spelman student wins Beyoncé scholarship