Current:Home > MyMacKenzie Scott has donated an estimated $146 million to 24 nonprofits so far this year -FinanceMind
MacKenzie Scott has donated an estimated $146 million to 24 nonprofits so far this year
View
Date:2025-04-16 03:09:25
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! (9)
Related
- 2 killed, 3 injured in shooting at makeshift club in Houston
- Kentucky sheriff accused of killing judge in Letcher County pleads not guilty
- Hoda Kotb Announces She's Leaving Today After More Than 16 Years
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Showerheads
- Have Dry, Sensitive Skin? You Need To Add These Gentle Skincare Products to Your Routine
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Showerheads
- Hoda Kotb Announces She's Leaving Today After More Than 16 Years
- Nevada high court orders lower court to dismiss Chasing Horse sex abuse case
- At site of suspected mass killings, Syrians recall horrors, hope for answers
- Roy Clay Sr., a Silicon Valley pioneer who knocked down racial barriers, dies at 95
Ranking
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
- The Latest: Harris and Trump offer competing visions for the economy
- West Virginia’s new drug czar was once addicted to opioids himself
- A Black student punished for his hairstyle wants to return to the Texas school he left
- Senate begins final push to expand Social Security benefits for millions of people
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Showerheads
- Opinion: Pac-12 revival deserves nickname worthy of cheap sunglasses
- Detroit judge who put teen in handcuffs during field trip is demoted to speeding tickets
Recommendation
Buckingham Palace staff under investigation for 'bar brawl'
'Megalopolis' review: Francis Ford Coppola's latest is too weird for words
Pregnant Brittany Mahomes Shares “Best Picture” Ever Taken of Husband Patrick and Son Bronze
Caitlin Clark's spectacular run comes to a close. Now, she'll take time to reflect
Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
Malik Nabers is carrying Giants with his record rookie pace, and bigger spotlight awaits
Hoda Kotb announces 'Today' show exit in emotional message: 'Time for me to turn the page'
Judge orders a stop to referendum in Georgia slave descendants’ zoning battle with county officials