MacKenzie Scott has donated an estimated $146 million to 24 nonprofits so far this year
MacKenzie Scott has already donated an estimated total of $146 million to 24 nonprofits this year, according to The Chronicle of Philanthropy.
Scott, whose ex-husband is Amazon founder Jeff Bezos, usually posts a tally of her donations on her Yield Giving website, but has not listed any for 2023.
So, the Chronicle tallied up which organizations have publicly stated they received a donation from Scott in 2023.
Scott's donations range from $1 million to $15 million and she has given to organizations like Parent Possible – an early childhood education program – and Fistula Foundation, which helps women receive treatment for obstetric fistula, a hole near their birth canal that can develop during labor, especially if they don't have access to high-quality medical care.
Most of the charities she has chosen this year focus on early childhood education and development, according to The Chronicle, which says there are likely more charities who have not announced that they received a gift from Scott this year.
Scott has a net worth of $36.2 billion, making her the 35th wealthiest person in the world, according to Forbes. When her 25-year marriage to then-Amazon CEO Bezos ended in 2019, Scott received a 4% stake in the company, skyrocketing her personal net worth.
Scott's donations range from $1 million to $15 million and she has given to organizations like Parent Possible – an early childhood education program – and Fistula Foundation, which helps women receive treatment for obstetric fistula, a hole near their birth canal that can develop during labor, especially if they don't have access to high-quality medical care.
Most of the charities she has chosen this year focus on early childhood education and development, according to The Chronicle, which says there are likely more charities who have not announced that they received a gift from Scott this year.
Scott has a net worth of $36.2 billion, making her the 35th wealthiest person in the world, according to Forbes. When her 25-year marriage to then-Amazon CEO Bezos ended in 2019, Scott received a 4% stake in the company, skyrocketing her personal net worth.
The $146 million she is estimated to have donated this year is just 0.4% of her current net worth.
Like many of the wealthiest Americans, Scott signed The Giving Pledge, which asks billionaires to commit the majority of their wealth to philanthropy. The pledge, created by Warren Buffett, Melinda French Gates and Bill Gates, has been signed by high-profile billionaires like Mark Zuckerberg and Elon Musk.
Scott's ex-husband Jeff Bezos has notably not signed the pledge, but he has said he will give away most of his money to charities.
Scott has written two books, one of which was reviewed by her former teacher, author Toni Morrison. She founded Yield Giving in 2020.
Scott's ex-husband Jeff Bezos has notably not signed the pledge, but he has said he will give away most of his money to charities.
Scott has written two books, one of which was reviewed by her former teacher, author Toni Morrison. She founded Yield Giving in 2020.
- Through Yield Giving, Scott started an "open call" earlier this year, which invited organizations to apply for monetary gifts from Scott.
- She pledged to give a total of $250 million to the select organizations.
- Yield Giving used to rely on what they call "quiet research" to find candidate organizations to give to.
- Several of Scott's large donations have made headlines, including a $133.5 million donation to the education nonprofit Communities In Schools, which helps students navigate issues in and outside the classroom, in 2022.
- Last year she donated $25 million to Chicago Public Schools and $84.5 million to Girl Scouts of the USA.
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Billionaire MacKenzie Scott’s 2023 Donations Near the $100 Million Mark
In addition to financial contributions across affordable housing and childhood development, the philanthropist launched on open-call for $250 million in donations to be given out by 2024.
Billionaire philanthropist MacKenzie Scott has been on a donation spree in the past few months, with more than a dozen gifts funding reproductive health and childhood education. Her most recent grants, which have been funneled to nonprofits focused on affordable housing, bring her total giving in 2023 to an estimated $100 million.
Billionaire philanthropist MacKenzie Scott has been on a donation spree in the past few months, with more than a dozen gifts funding reproductive health and childhood education. Her most recent grants, which have been funneled to nonprofits focused on affordable housing, bring her total giving in 2023 to an estimated $100 million.
Scott, formerly married to Amazon (AMZN) founder Jeff Bezos, pledged in 2019 to give away the majority of her $37.2 billion fortune to charity.
- The philanthropic powerhouse vets and grants donations through her foundation, Yield Giving, which employs an unrestricted gifting method, meaning Scott doesn’t have a say in how her financial contributions are spent by recipients.
Yield Giving has given more than $14 billion to around 1,600 non-profits in the past three years, with its newest donation going to Stewards of Affordable Housing (SAHF), a non-profit coalition of 12 multi-state affordable housing organizations that owns nearly 150,000 affordable rental homes.
- Scott’s newest gift, announced by SAHF on August 7, is the largest individual contribution in the organization’s 20-year history.
More than a dozen nonprofits have publicized their donations from Scott this year
As Scott has reportedly given at least $97 million to 17 nonprofits in 2023, her multi-million-dollar gift to SAFH likely pushes Yield Giving’s total donations this year past the nine-figure mark.
- The philanthropist also recently donated $10 million to National Housing Trust (NHT), a non-profit that preserves and modernizes affordable housing across the U.S. The organization, which focuses on advancing housing supply, sustainability and racial equity, said the donation will help it expand into renewable energy by transitioning affordable housing stock to renewable energy sources.
Scott’s largest donation in 2023 was to the Fistula Foundation, a San Jose-based nonprofit that received $15 million earlier this year. The organization supports the treatment of obstetric fistulas, a medical condition that occurs in women during childbirth and leads to urinary and fecal incontinence. Yield Giving’s donation will fund its five-year plan to provide 80,000 surgeries to women across sub-Saharan Africa and Asia.
- Other gifts from Scott in the past eight months have included a $10 million donation to the Alliance for Early Success, which is launching an initiative to improve state policies for young children; and an
- $8 million contribution to the Erikson Institute, a graduate school that will use the funds to grow the child-development workforce, expand early childhood mental health services and create academic programs centered on equity and justice, according to a database of donations compiled by the Chronicle of Philanthropy.
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