Current:Home > ContactMacKenzie Scott has donated an estimated $146 million to 24 nonprofits so far this year -CryptoBase
MacKenzie Scott has donated an estimated $146 million to 24 nonprofits so far this year
View
Date:2025-04-19 08:50:16
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! (14)
Related
- Pregnant Kylie Kelce Shares Hilarious Question Her Daughter Asked Jason Kelce Amid Rising Fame
- Super Bowl 58: Vegas entertainment from Adele and Zach Bryan to Gronk and Shaq parties
- Chicago becomes latest US city to call for cease-fire in Israel-Hamas war
- Mark Zuckerberg accused of having blood on his hands in fiery Senate hearing on internet child safety
- 'Survivor' 47 finale, part one recap: 2 players were sent home. Who's left in the game?
- 'That '70s Show' actor Danny Masterson moved to maximum security prison that once held Charles Manson
- When is leap day 2024? What is leap year? Why we're adding an extra day to calendar this year
- Woman arrested at airport in Colombia with 130 endangered poisonous frogs worth $130,000
- Meta donates $1 million to Trump’s inauguration fund
- Pro Bowl Games 2024: Flag football and skills schedule, how to watch, AFC and NFC rosters
Ranking
- New data highlights 'achievement gap' for students in the US
- Hinton Battle, who played Scarecrow in Broadway's 'The Wiz,' dies at 67 after long illness
- New York City police have to track the race of people they stop. Will others follow suit?
- Duchess Meghan, Prince Harry share emotional message after Senate hearing on online safety
- Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
- 'Mr. & Mrs. Smith' are back — so are the fights and bewitching on-screen chemistry
- Musk wants Tesla investors to vote on switching the carmaker’s corporate registration to Texas
- Ole Miss player DeSanto Rollins' lawsuit against football coach Lane Kiffin dismissed
Recommendation
Chuck Scarborough signs off: Hoda Kotb, Al Roker tribute legendary New York anchor
Video shows Indiana lawmaker showing holstered gun to students who were advocating for gun control
Texas jury recommends the death penalty for man convicted of the fatal shooting of a state trooper
Spiral galaxies, evidence of black holes: See 'mind-blowing' images snapped by NASA telescope
Taylor Swift Eras Archive site launches on singer's 35th birthday. What is it?
A Boutique Hotel Helps Explain the Benefits of Businesses and Government Teaming Up to Conserve Energy
Everything to know about the Kansas City Chiefs before Super Bowl 2024
Dearest Readers, You’ll Burn for Bridgerton’s Intense Season 3 Teaser