Current:Home > ContactMacKenzie Scott has donated an estimated $146 million to 24 nonprofits so far this year -Keystone Capital Education
MacKenzie Scott has donated an estimated $146 million to 24 nonprofits so far this year
View
Date:2025-04-15 02:24:48
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! (4)
Related
- Juan Soto praise of Mets' future a tough sight for Yankees, but World Series goal remains
- Voting online is very risky. But hundreds of thousands of people are already doing it
- 24 children have died in hot cars nationwide in 2023: 'This is a great tragedy'
- Louisiana gubernatorial candidates set to debate crime, economy and other issues 5 weeks from vote
- Friday the 13th luck? 13 past Mega Millions jackpot wins in December. See top 10 lottery prizes
- Tennis finally allowing player-coach interactions during matches win for players and fans
- AG investigates death of teens shot by deputy
- Daughter of long-imprisoned activist in Bahrain to return to island in bid to push for his release
- How to watch new prequel series 'Dexter: Original Sin': Premiere date, cast, streaming
- Bethany Joy Lenz Details How She Escaped a Cult and Found Herself
Ranking
- Arkansas State Police probe death of woman found after officer
- A man is back in prison despite a deal reducing his sentence. He’s fighting to restore the agreement
- Report blames deadly Iowa building collapse on removal of bricks and lack of shoring
- Florida State joins College Football Playoff field in latest bowl projections
- John Galliano out at Maison Margiela, capping year of fashion designer musical chairs
- It's so hot at the U.S. Open that one participant is warning that a player is gonna die
- Canada announces public inquiry into whether China, Russia and others interfered in elections
- Miley Cyrus Details Anxiety Attacks After Filming Black Mirror During Malibu Fires
Recommendation
New data highlights 'achievement gap' for students in the US
Fiji is deporting leaders of a South Korean sect that built a business empire in the island country
Judge halts California school district's transgender policy amid lawsuit
Danny Masterson Sentenced to 30 Years to Life in Prison in Rape Case
Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
Ex-Trump aide Peter Navarro found guilty of contempt of Congress
Ex-Trump aide Peter Navarro found guilty of contempt of Congress
Russian missile strike kills 17 at Ukraine market as Blinken visits to show support, offer more U.S. help