Current:Home > InvestMacKenzie Scott has donated an estimated $146 million to 24 nonprofits so far this year -Streamline Finance
MacKenzie Scott has donated an estimated $146 million to 24 nonprofits so far this year
View
Date:2025-04-12 10:01:41
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! (5471)
Related
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Officers’ lawyers challenge analysis of video that shows Black man’s death in Tacoma, Washington
- Victim of 'Happy Face' serial killer who left smiley faces on letters ID'd after 29 years
- $228M awarded to some plaintiffs who sued Nevada-based bottled water company after liver illnesses
- Selena Gomez's "Weird Uncles" Steve Martin and Martin Short React to Her Engagement
- Pepco to pay $57 million over toxic pollution of Anacostia River in D.C.'s largest-ever environmental settlement
- Rolling candy sold nationwide recalled after death of 7-year-old
- FedEx plane without landing gear skids off runway, but lands safely at Tennessee airport
- British swimmer Adam Peaty: There are worms in the food at Paris Olympic Village
- Bodies from Prigozhin plane crash contained 'fragments of hand grenades,' Russia says
Ranking
- Taylor Swift makes surprise visit to Kansas City children’s hospital
- Dominican authorities are searching for caretaker after bodies of 6 newborns are found near cemetery
- Horoscopes Today, October 5, 2023
- Singer Maisie Peters Reveals She Never Actually Dated Cate’s Brother Muse
- Rylee Arnold Shares a Long
- Which team faces most pressure this NHL season? Bruins, Lightning have challenges
- Dick Butkus, fearsome Hall of Fame Chicago Bears linebacker, dies at 80
- Study shows Powerball online buying is rising. See why else the jackpot has grown so high.
Recommendation
Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
Monkey with sprint speeds as high as 30 mph on the loose in Indianapolis; injuries reported
Billboard Latin Music Awards 2023: The Complete List of Winners
Kim Zolciak Calls 911 on Kroy Biermann Over Safety Fears Amid Divorce
DoorDash steps up driver ID checks after traffic safety complaints
Donald Trump may visit the Capitol to address Republicans as they pick a new speaker, AP sources say
Nonprofit service provider Blackbaud settles data breach case for $49.5M with states
How Ryan Reynolds Got Taylor Swift's Approval for Donna Kelce and Jake From State Farm NFL Moment