Current:Home > InvestMacKenzie Scott has donated an estimated $146 million to 24 nonprofits so far this year -FundPrime
MacKenzie Scott has donated an estimated $146 million to 24 nonprofits so far this year
View
Date:2025-04-23 04:27:24
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.
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.
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.
The organizations they chose have operating budgets of $1 million and no more than $5 million that are community-led and community-focused, according to Yield Giving.
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.
In a March 2022 post on Medium, Scott revealed she had donated a whopping $3.8 billion to 465 charities since June the previous year. That's more than 10% of her current net worth.
Caitlin O'KaneCaitlin O'Kane is a digital content producer covering trending stories for CBS News and its good news brand, The Uplift.
veryGood! (68)
Related
- Opinion: Gianni Infantino, FIFA sell souls and 2034 World Cup for Saudi Arabia's billions
- Democratic Biden challenger Dean Phillips asks Wisconsin Supreme Court to put him on ballot
- Kishida says he’s determined to break Japan’s ruling party from its practice of money politics
- ICC prosecutor: There are grounds to believe Sudan’s warring sides are committing crimes in Darfur
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- After Alabama pioneers nitrogen gas execution, Ohio may be poised to follow
- Police say Minnesota man dressed as delivery driver in home invasion turned triple homicide
- South Korean health officials urge against eating fried toothpicks after social media trend goes viral
- Retirement planning: 3 crucial moves everyone should make before 2025
- Amazon calls off bid to buy robot vacuum cleaner iRobot amid scrutiny in the US and Europe
Ranking
- Could Bill Belichick, Robert Kraft reunite? Maybe in Pro Football Hall of Fame's 2026 class
- X restores Taylor Swift searches after deepfake explicit images triggered temporary block
- Surviving Scandoval: Relive Everything That's Happened Since Vanderpump Rules Season 10
- Russian opposition figure Kara-Murza has disappeared from prison, colleagues say
- The Best Stocking Stuffers Under $25
- Connecticut still No. 1, but top 10 of the USA TODAY Sports men's basketball poll is shuffled
- Federal Reserve is likely to open door to March rate cut without providing clear signal
- Pakistani court convicts jailed ex-Prime Minister Imran Khan of revealing secrets ahead of elections
Recommendation
2025 'Doomsday Clock': This is how close we are to self
Under bombing in eastern Ukraine and disabled by illness, an unknown painter awaits his fate
Counselor says parents chose work over taking care of teen before Michigan school shooting
Indonesian police arrest 3 Mexicans after a Turkish tourist is wounded in an armed robbery in Bali
IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
Pennsylvania high court revives a case challenging Medicaid limits for abortions
63-year-old California hiker found unresponsive at Zion National Park in Utah dies
Toyota group plant raided in test cheating probe as automaker says it sold 11.2M vehicles in 2023