Current:Home > reviewsMacKenzie Scott has donated an estimated $146 million to 24 nonprofits so far this year -OceanicInvest
MacKenzie Scott has donated an estimated $146 million to 24 nonprofits so far this year
View
Date:2025-04-17 10:38:22
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! (676)
Related
- 'Most Whopper
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Shapes Up
- 2 women who say abortion restrictions put them in medical peril feel compelled to campaign for Biden
- GOP lawmaker says neo-Nazi comments taken out of context in debate over paramilitary training
- Macy's says employee who allegedly hid $150 million in expenses had no major 'impact'
- UConn takes precautions to prevent a repeat of the vandalism that followed the 2023 title game
- Dawn Staley thanks Caitlin Clark: 'You are one of the GOATs of our game.'
- Cole Brings Plenty, 1923 actor, found dead in Kansas days after being reported missing
- At site of suspected mass killings, Syrians recall horrors, hope for answers
- Caitlin Clark forever changed college game — and more importantly view of women's sports
Ranking
- North Carolina justices rule for restaurants in COVID
- Full transcript of Face the Nation, April 7, 2024
- UConn or Purdue? NCAA Tournament title game picks for for final game of March Madness
- French diver Alexis Jandard slips during Paris Olympic aquatics venue opening ceremony
- All That You Wanted to Know About She’s All That
- JPMorgan’s Dimon warns inflation, political polarization and wars are creating risks not seen since WWII
- How to watch the solar eclipse on TV: What to know about live coverage and broadcast info
- British man claims the crown of the world's oldest man at age 111
Recommendation
Opinion: Gianni Infantino, FIFA sell souls and 2034 World Cup for Saudi Arabia's billions
RHOC Alum Lauri Peterson's Son Josh Waring Died Amid Addiction Battle, His Sister Says
Trisha Yearwood pays tribute to June Carter Cash ahead of CMT Awards: 'She was a force'
Russian missile strikes on Ukrainian city of Kharkiv leaves at least 6 dead
New Zealand official reverses visa refusal for US conservative influencer Candace Owens
'Saturday Night Live' spoofs LSU women's basketball coach Kim Mulkey in opening skit
In second Texas edition, CMT Awards set pays homage to Austin landmark
Engine covering falls off Boeing plane, strikes wing flap during Southwest Airlines flight Denver takeoff