All articles tagged with #mackenzie scott
MacKenzie Scott donated $45 million to The Trevor Project, the largest single donation in the organization's 27-year history, to strengthen its crisis-services and long-term sustainability for LGBTQ+ youth facing elevated mental-health challenges amid political hostility; the gift follows previous large gifts and underscores Scott's ramped-up philanthropy.
MacKenzie Scott, a billionaire philanthropist and novelist, had a close mentorship relationship with Nobel laureate Toni Morrison during her time at Princeton, which influenced her career and philanthropic efforts. Scott has donated over $26 billion since 2019, including more than $1.2 billion to historically Black colleges and universities (HBCUs), honoring Morrison's legacy. Morrison also played a key role in Scott's early writing and career development, and Scott continues to support HBCUs and arts education in her philanthropic work.
MacKenzie Scott has donated over $19 billion since 2020, primarily through her philanthropic platform Yield Giving, despite still holding significant Amazon shares that have increased her net worth to over $35 billion. Her donations focus on education, DEI, and disaster recovery, and she employs a unique, unrestricted giving style that empowers organizations to use funds flexibly. Her philanthropy stands out compared to Jeff Bezos, who has donated a smaller percentage of his wealth.
MacKenzie Scott has donated the largest gift ever to an HBCU, continuing her pattern of significant philanthropic contributions to historically Black colleges and universities.
MacKenzie Scott donated $40 million to the African American Cultural Heritage Action Fund, doubling her previous support and emphasizing her commitment to diversity, equity, and inclusion amid ongoing challenges to DEI initiatives, and highlighting her significant role in funding Black cultural preservation.
MacKenzie Scott continues her strong commitment to diversity, equity, and inclusion through substantial, unrestricted donations to organizations supporting students of color, Native students, and HBCUs, totaling over $19 billion in recent years, with a focus on flexible, trust-based funding to scale access and institutional capacity.
MacKenzie Scott donated $70 million to UNCF to support historically Black colleges and universities, part of a broader $1 billion campaign to help close funding gaps for minority institutions. Her philanthropic efforts, characterized by large, unrestricted gifts, have totaled over $19 billion in recent years, making her one of the most significant modern donors.
Philanthropist MacKenzie Scott donated $70 million to the UNCF to support historically Black colleges and universities, aiming to raise $1 billion to strengthen all 37 HBCUs through endowment funding, highlighting her ongoing commitment to Black education and community empowerment.
Billionaire philanthropist MacKenzie Scott donated $70 million to the UNCF to help strengthen historically Black colleges and universities, part of a broader $1 billion fundraising effort to address funding disparities, with the donation aimed at establishing a $370 million endowment to support HBCUs financially for decades.
Billionaire philanthropist MacKenzie Scott donated $70 million to UNCF to help strengthen historically Black colleges and universities, part of a broader $1 billion fundraising effort to address funding disparities, with the donation supporting endowment growth for HBCUs.
Jeff Bezos has four children with ex-wife MacKenzie Scott, including a son named Preston born in 2000, but their other children's details remain private. Bezos prioritizes their privacy and they live out of the spotlight, with rare public appearances. Bezos is now married to Lauren Sanchez.
Billionaire philanthropist MacKenzie Scott has sold another 11% of her Amazon shares, worth over $8 billion, continuing her rapid pace of charitable giving. Since her 2019 divorce from Jeff Bezos, Scott has disposed of two-thirds of her Amazon shares, donating at least $17.3 billion to over 2,300 nonprofits. Her unique approach involves unrestricted cash grants to small nonprofits, often exceeding their annual budgets, and she allows recipients to decide on publicizing the gifts. Scott's net worth is now estimated at $30 billion, down from a peak of $59 billion in 2021.
MacKenzie Scott's philanthropy, which has averaged $3.3 billion a year since 2019, has left nonprofits mystified as her generous gifts, while impactful, do not provide long-term sustainability. Her recent grants largely align with her usual themes, with a focus on equity, justice, education, health, and economic security. Despite her pledge to give away more than half of her wealth, questions remain about the long-term impact of her donations and the lack of transparency in her giving process. Nonprofits hope for continued support and more opportunities for unrestricted funding from Scott in the future.
Philanthropist MacKenzie Scott donates about $137 million to nearly 80 California-based non-profit organizations as part of her latest round of contributions, with most organizations receiving $1-2 million each. The organizations' missions range from youth development to civic and social engagement, and were chosen for their work in advancing the voices and opportunities of individuals and families of modest means. Scott, who pledged to donate half of her wealth, has so far donated $17.3 billion to over 2,300 non-profit organizations.
MacKenzie Scott, ex-wife of Amazon founder Jeff Bezos, is donating most of the $640 million in new charitable donations to nonprofits pushing extreme left-wing causes, including helping migrants who commit crimes, boosting male-born transgender athletes who want to compete against women, and supporting LGBTQ causes. This has sparked controversy and criticism from conservative groups, with some arguing that Scott's use of Bezos' money is undermining free-market principles. Scott's philanthropic efforts have also drawn both praise and backlash from various organizations and individuals.