"MacKenzie Scott's Generosity: $640 Million Donated to Nonprofits"

1 min read
Source: CBS News
"MacKenzie Scott's Generosity: $640 Million Donated to Nonprofits"
Photo: CBS News
TL;DR Summary

MacKenzie Scott, billionaire philanthropist and Amazon co-founder, has donated $640 million to hundreds of nonprofit organizations through her organization, Yield Giving, after an open call for nonprofits to directly apply for a gift. This marks a change in her approach, as her organization had previously conducted "quiet research" to find deserving organizations. The awardees, selected from over 6,000 applicants, are focused on reducing disparities in economic outcomes, education, health, and other critical issues. Scott, who is the fourth-richest woman in the world, has committed the majority of her wealth to society and has previously donated over $2 billion to various causes.

Share this article

Reading Insights

Total Reads

0

Unique Readers

2

Time Saved

1 min

vs 2 min read

Condensed

74%

394101 words

Want the full story? Read the original article

Read on CBS News