Current:Home > NewsFastexy:MacKenzie Scott has donated an estimated $146 million to 24 nonprofits so far this year -MoneyStream
Fastexy:MacKenzie Scott has donated an estimated $146 million to 24 nonprofits so far this year
PredictIQ Quantitative Think Tank Center View
Date:2025-04-08 03:05:26
MacKenzie Scott has already donated an estimated total of $146 million to 24 nonprofits this year,Fastexy 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! (24983)
Related
- NFL Week 15 picks straight up and against spread: Bills, Lions put No. 1 seed hopes on line
- Kylie Jenner and Jordyn Woods Prove Their Friendship is Strong 5 Years After Feud
- How many teams make the NFL playoffs? Postseason format for 2024 season
- DirecTV files complaint against Disney with FCC as impasse enters 2nd week
- Former Syrian official arrested in California who oversaw prison charged with torture
- Cars talking to one another could help reduce fatal crashes on US roads
- US higher education advocates welcome federal support for Hispanic-serving institutions
- East Timor looks to the pope’s visit as a reward after 20 years of fragile stability
- Global Warming Set the Stage for Los Angeles Fires
- DirecTV files complaint against Disney with FCC as impasse enters 2nd week
Ranking
- Person accused of accosting Rep. Nancy Mace at Capitol pleads not guilty to assault charge
- Taylor Fritz and Jannik Sinner begin play in the US Open men’s final
- Get 50% Off Fenty Beauty by Rihanna Liquid Lipstick That Lasts All Day, Plus $9 Ulta Deals
- Wisconsin health officials recall eggs after a multistate salmonella outbreak
- Former Danish minister for Greenland discusses Trump's push to acquire island
- Sephora Flash Sale: Get 50% Off Kiehl's Liquid Pimple Patches, Fenty Beauty by Rihanna Lipstick & More
- In their tennis era, Taylor Swift and Travis Kelce cheer at U.S. Open final
- Russell Wilson's injury puts Justin Fields in as Steelers' starting QB vs. Falcons
Recommendation
Intellectuals vs. The Internet
Students are sweating through class without air conditioning. Districts are facing the heat.
US higher education advocates welcome federal support for Hispanic-serving institutions
NASCAR Atlanta live updates: How to watch Sunday's Cup Series playoff race
Scoot flight from Singapore to Wuhan turns back after 'technical issue' detected
Waffle House CEO Walt Ehmer has died at age 58
Tropical system set to drench parts of Gulf Coast, could strengthen, forecasters say
‘The Room Next Door’ wins top prize at Venice Film Festival