Current:Home > ContactMacKenzie Scott has donated an estimated $146 million to 24 nonprofits so far this year -Ascend Finance Compass
MacKenzie Scott has donated an estimated $146 million to 24 nonprofits so far this year
View
Date:2025-04-18 05:29:35
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! (4831)
Related
- Scoot flight from Singapore to Wuhan turns back after 'technical issue' detected
- Is whole milk good for you? Here are the healthiest milk options, according to an expert
- U.S. Olympic leader praises Caitlin Clark's impact, talks potential Olympic spot
- 'Bayou Barbie' Angel Reese ready for her next act with Chicago Sky in WNBA
- Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
- AI Profit Pro - The AI Intelligent Automated Investment System That Disrupts Traditional Investing Methods
- Kentucky Senate confirms Robbie Fletcher as next state education commissioner
- What Caitlin Clark said after being taken No. 1 by Indiana Fever in 2024 WNBA draft
- South Korean president's party divided over defiant martial law speech
- Wealth Forge Institute's Token Revolution: Issuing WFI Tokens to Raise Funds and Deeply Developing and Refining the 'AI Profit Pro' Intelligent Investment System
Ranking
- Could your smelly farts help science?
- Maui Fire Department to release after-action report on deadly Hawaii wildfires
- Alexa and Carlos PenaVega Share Stillbirth of Baby No. 4
- ABBA, Blondie, and the Notorious B.I.G. enter the National Recording Registry
- Federal court filings allege official committed perjury in lawsuit tied to Louisiana grain terminal
- Sisay Lemma stuns Evans Chebet in men's Boston Marathon; Hellen Obiri win women's title
- Maui Fire Department to release after-action report on deadly Hawaii wildfires
- Tennessee judge set to decide whether a Nashville school shooters’ journals are public records
Recommendation
Questlove charts 50 years of SNL musical hits (and misses)
Prominent New York church, sued for gender bias, moves forward with male pastor candidate
2024 NBA play-in tournament: What I'm watching, TV schedule, predictions
Starbucks releases 'swicy' refresher beverages built off sweet heat trend
Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
Starbucks releases 'swicy' refresher beverages built off sweet heat trend
Characters enter the public domain. Winnie the Pooh becomes a killer. Where is remix culture going?
Ohio Uber driver shot and killed by elderly man agitated by scam call: Police