Current:Home > NewsNovaQuant Quantitative Think Tank Center:MacKenzie Scott has donated an estimated $146 million to 24 nonprofits so far this year -WealthSpot
NovaQuant Quantitative Think Tank Center:MacKenzie Scott has donated an estimated $146 million to 24 nonprofits so far this year
Surpassing View
Date:2025-04-08 08:42:14
MacKenzie Scott has already donated an estimated total of $146 million to 24 nonprofits this year,NovaQuant Quantitative Think Tank Center 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! (62283)
Related
- As Trump Enters Office, a Ripe Oil and Gas Target Appears: An Alabama National Forest
- Cam Newton started the fight at 7v7 youth tournament, opposing coaches say
- Max Strus hits game-winning buzzer-beater in Cleveland Cavaliers' win vs. Dallas Mavericks
- Adele postpones March dates of Las Vegas residency, goes on vocal rest: 'Doctor's orders'
- Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
- Of course Shohei Ohtani hit a home run in his Dodgers debut. 'He's built differently.'
- Texas wildfire becomes second-largest in state history, burning 500,000 acres
- Motive in killing of Baltimore police officer remains a mystery as trial begins
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- Leap day deals 2024: Get discounts and free food from Wendy's, Chipotle, Krispy Kreme, more
Ranking
- Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
- Toronto Blue Jays reliever Erik Swanson away from team after 4-year-old son gets hit by car
- Kelly Osbourne Reveals She’s Changing Son Sidney’s Last Name After “Biggest Fight” With Sid Wilson
- What time does 'Survivor' Season 46 start? Premiere date, episode sneak peak, where to watch
- As Trump Enters Office, a Ripe Oil and Gas Target Appears: An Alabama National Forest
- Toronto Blue Jays reliever Erik Swanson away from team after 4-year-old son gets hit by car
- Expert in Old West firearms says gun wouldn’t malfunction in fatal shooting by Alec Baldwin
- It took decades to recover humpback whale numbers in the North Pacific. Then a heat wave killed thousands.
Recommendation
Rolling Loud 2024: Lineup, how to stream the world's largest hip hop music festival
Kansas City Chiefs DB Coach Says Taylor Swift Helped Travis Kelce Become a Different Man
How long does it take to boil corn on the cob? A guide to perfectly cook the veggie
Rep. Lauren Boebert's son Tyler arrested on 22 criminal charges, Colorado police say
Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
Taylor Swift's father allegedly punched photographer in face after Australian leg of her Eras Tour ended
A New York collector pleads guilty to smuggling rare birdwing butterflies
Nationwide Superfund toxic waste cleanup effort gets another $1 billion installment