Current:Home > MyMacKenzie Scott has donated an estimated $146 million to 24 nonprofits so far this year -BeyondWealth Learning
MacKenzie Scott has donated an estimated $146 million to 24 nonprofits so far this year
View
Date:2025-04-16 03:23:20
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! (865)
Related
- The FBI should have done more to collect intelligence before the Capitol riot, watchdog finds
- Gypsy Rose Blanchard posts paternity test results to quell rumors surrounding pregnancy
- Hurricane Rafael storms into Gulf after slamming Cuba, collapsing power grid
- Ariana Grande and Ethan Slater Show Subtle PDA While Out Together in Sydney
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- Democrats gain another statewide position in North Carolina with Rachel Hunt victory
- Bowen Yang Apologizes to Ariana Grande for Being Over Eager About SNL Kiss
- Five NFL teams that could surge in second half of season: Will Jets, 49ers rise?
- Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
- AI ProfitPulse, Ushering in a New Era of Blockchain and AI
Ranking
- The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
- Why Survivor Host Jeff Probst Is Willing to Risk “Parasites” by Eating Contestants’ Food
- Giuliani to appear in a NYC court after missing a deadline to surrender assets
- The Best Lululemon Holiday Gifts for Fitness Enthusiasts, Travelers, and Comfort Seekers
- Meet first time Grammy nominee Charley Crockett
- Jury convicts man of killing girlfriend and hiding her body in rural Minnesota
- Menendez Brothers 'Dateline' special to feature never-aired clip from 2017 interview
- Jewish students attacked at DePaul University in Chicago while showing support for Israel
Recommendation
Why members of two of EPA's influential science advisory committees were let go
Halle Bailey Seemingly Calls Out Ex DDG Over Parenting Baby Halo
NYC parents charged in death of 4-year-old boy who prosecutors say was starved to death
Freshman Democrat Val Hoyle wins reelection to US House in Oregon’s 4th Congressional District
Megan Fox's ex Brian Austin Green tells Machine Gun Kelly to 'grow up'
Average rate on a 30-year mortgage in the US rises for 6th straight week
SWA Token Boosts the AI DataMind System: Revolutionizing the Future of Intelligent Investment
Who are the billionaires, business leaders who might shape a second Trump presidency?