She did make some of her personal life public this year when she announced that she had married Dan Jewett, a chemistry teacher at her childrens school. In order to be eligible, you must: be a qualified recipient that is a tax exempt US organization with a charitable purpose stated under section 501 (c) 3 of the Internal Revenue Code. Criteria for Grantmaking All organizations applying for Foundation funds must be able to demonstrate the following organizational characteristics: Staff capacity, sound fiscal policy and responsible financial management. Evan Agostini/Invision/AP To date, Scott has committed $586.7 million in support of efforts to advance racial equity; $46 million to advance LGBTQ+ equity; $133 million to advance gender equity; $399.5 million to improve economic mobility in the United States; $55 million to help build empathy and bridge divides; $72 million in support of efforts to create a "functional democracy"; $128.3 million for public health initiatives; $130 million in support of global development; and $125 million to address climate change. There is no evident mechanism by which organizations can apply for donations. But she is not using a foundation. Ms. McWhorter was not the only recipient who cried. Many donors of large amounts have specific instructions for how they want charities to use their funds. MacKenzie Scott An umbrella organization for more than 120 women's funds and foundations is among the recipients of the latest $2.7 billion round of grants from McKenzie Scott. November 2023 meeting - applications close on the 27th of October 2023. Accions Covid relief fund provided support to The Red Door, helping Free to pivot her business model. She has swiftly followed through, and by 2021 had become the third most generous U.S. philanthropist on paper. Subscribe here. And something greater rises up every time we give." We want to invest it over decades.. But Scotts gifts in 2020 were unrestricted, indicating she trusted the people on the ground doing the work, and it gives lie to the idea that its hard to make billion-dollar donations. However, some organizations have revealed how much money they'll receive. In her post on Medium, she explained that her teams focus, which includes new areas, has been to support the needs of underrepresented people from groups of all kinds. According to the Giving Pledge signatory, approximately 60 percent of the organizations that have received gifts are led by women, and 75 percent are led by people with lived experience in the regions they support and the issues they seek to address. She said she hoped to de-emphasize privileged voices and cede focus to others.. Even as the philanthropic funding discourse is gradually shifting toward localized and decentralized decision-making, funding practice hasnt kept up. Now, for the third time in under a year, Ms. Scott has announced a new round of grants, worth a combined $2.74 billion, demonstrating that her dedication to rapidly disbursing her fortune has not abated. If you look at the motivations for the way women engage in philanthropy versus the ways that men engage in philanthropy, theres much more ego involved in the man, its much more transactional, its much more status driven, said Debra Mesch, a professor at the Womens Philanthropy Institute at Indiana University. The phone rang in Morgans development office. This system forces them to constantly fundraise and use a patchwork approach to finance their missions, rather than letting them focus on accomplishing those missions. Similar scenes were playing out at charities nationwide. I was quite emotional. An elected, engaged Board of Directors which fairly reflects the organizations constituencies and has the ability and policy-making authority to complete the proposed project. were made through a Fidelity donor-advised fund. As you probably know, DAFs are not public entities so there's no application process, unless the donor decides to make the process public, which Ms. Scott has not chosen to do. "We are so grateful for MacKenzie Bezos' support of our work to empower LGBTQ students and springboard a new generation of LGBTQ leaders toward success," said Jorge Valencia, executive director and CEO of the Point Foundation, the nation's largest LGBTQ scholarship fund. People-centered measures for recruitment and staff wellness, training, and retention. Documenting their founding principles and values. Intentionally communicating about evolving organizational norms in both directions between leadership and staff. Creating space for fostering staff agency, risk-taking and ideas generation among both the board of directors and staff. Favianna Rodriguez, who received $11 million from Scott, says Scott's giving is a redistribution of wealth. Women-led, Black women-led organizations tend to be at the very bottom of the pile for philanthropists, Ms. McWhorter said. In a December Medium post, Scott said she would not reveal the latest recipients of her donations, arguing that the media focuses too much on her and not on the groups she gives money to. In 2020, a year of incredible need, Ms. Scott gave away nearly $6 billion to 500 organizations. The business was teetering on the brink. Ms. Scott, who declined to comment, rocketed to public attention with the announcement nearly two years ago that she and Mr. Bezos were divorcing. Me, Dan, a constellation of researchers and administrators and advisors we are all attempting to give away a fortune that was enabled by systems in need of change, she wrote. The Foundation is a nonprofit, tax-exempt charitable organization . MacKenzie Scott : "There are lots of resources each of us can pull from our safes to share with others. In September, she quietly filed for divorce from her second husband, a science teacher named Dan Jewett, who had briefly shared her Giving Pledge page and apparently participated in her donation process. Weve looked at the impact of these grants with the ambition to share lessons with other windfall gift recipients and to inspire other funders on how to localize, decentralize, and shift power from elite corridors of development aid to the community level. A social enterprise, we connect and inform 1,021,000+ development, health, humanitarian, and sustainability professionals through news, business intelligence, and funding & career opportunities so you can do more good for more people. Since divorcing Bezos in 2019, the 51-year-old Scott has emerged as one of the most secretive and prolific philanthropists in the world. Ms. Scotts team recently sent out hundreds of out-of-the-blue emails to charities, notifying them of an incoming gift. Stop having to work every weekend. MacKenzie Scott (formerly Bezos) has announced the recipients of $1.67 billion in grants awarded since she signed the Giving Pledge fourteen months ago. Instead, three times in the past 11 months, she has written a blog post on the website Medium, shared some reflections on philanthropy and the causes she supports, and announced that she had given away $1 billion or more. Less than two months into 2022, Scott isnt showing any signs of slowing down. ", "In this effort, we are governed by a humbling belief that it would be better if disproportionate wealth were not concentrated in a small number of hands, and that the solutions are best designed and implemented by others," Scott wrote. Unable to update subscription. It appears that Scott is taking that kind of feedback to heartand, as she has so often done over her relatively short philanthropic career, has quickly changed course to build a better approach. We invite you to join us. Recognizes the positive impact of diversity to improve lives in our community. MacKenzie Scott seems to be nonresponsive to traditional approaches (there is no application process) and operates much more like a Donor Advised Fund (DAF). Unable to update subscription. In her blog post, Scott describes systemic societal inequities and her belief that giving money to organizations directly working with communities in need is the way her wealth can be put to use, saying that she, her husband and her staff and advisers "are all attempting to give away a fortune that was enabled by systems in need of change. Her work focuses on supporting social entrepreneurs and social change leaders to implement their work through fiscal sponsorship and other partnership models, and co-leading efforts to deepen learning and knowledge sharing across the nonprofit and philanthropic sectors. My hope is that MacKenzies style of giving inspires the philanthropic sector, and inspires other donors to give in a way that supports bold, big visions, she added. Shes moved extraordinary sums out the door, quickly, in an anti-paternalistic way, said Rob Reich, co-director of the Center on Philanthropy and Civil Society at Stanford. Evan Agostini/Invision, via Associated Press, inaccurate and at times bizarre responses. In giving away her billions so rapidly, Ms. Scott continues to chip away at the philanthropic status quo, which is dominated by big foundations with large program staffs that select grantees and manage the donations. Power deserves scrutiny.. This Foundation was established in 1976 by brothers Alan and Don Mackenzie. Morgan State is one of about 780 organizations to receive part of the $8.5 billion given away by Scott in three rounds since July 2020. please try again later. Ms. McWhorter shed tears of joy on the call. Ms. Scott and Mr. Bezos met when they both worked at the hedge fund D.E. In a recent analysis, we looked at the characteristics of the December cohort, which totaled $4.2 billion to 384 nonprofits. Like Urrutia, Favianna Rodriguez is working to aid communities of color. Her fortune comes from shares of Amazon that she got after her divorce last year from Jeff Bezos, the companys founder. Other recipients include theAdvancement Project,American Indian Graduate Center, Co-Impact,Grantmakers for Girls of Color,Groundswell Fund, LatinoJustice, Movement for Black Lives,Narrative4,Point Foundation, PolicyLink, RAINN, Spelman College, andUnidosUS. Rodriguez found her escape through art, allowing her to express herself through screen printing, painting murals and making social justice posters. Corporate events, the companys bread and butter, dried up overnight. Ms. Scott has a recognition that the organizations are doing the good work and let us be the stewards of those dollars.. This followed an announcement. A representative for MacKenzie Scott currently the world's 19th richest person with a net worth of $59 billionhad a message to deliver. If he needs some pointers on how to have a meaningful impact with his gigantic fortune, he could do a lot worse than to take a few tips from his ex. She had a tough childhood, she says, having grown up in the 1980s as the child of Peruvian immigrants in San Franciscos Bay Area amid the onset of the war on drugs and era of mass incarceration. Some interactive form features may not be fully supported when using Google Chrome. Ms. Scotts disbursement of $6 billion in about five months only accentuated the stodgy pace of her peers. Please Note: We are NOT MacKenzie Scott or Dan Jewett. While a windfall grant can boost organizational legitimacy, organizations and donors must intentionally craft a strategic message around organizational impact and priorities. Among those receiving grants the average size was just under $10 million were the Alaska Native Heritage Center, Broward College in Florida and Jazz at Lincoln Center. Her latest round on June 15 was $2.7 billion distributed to 286 groups. On July 28, 2020, MacKenzie Scott shocked the philanthropic community by donating USD 1.7 billion to 116 nonprofits around the world. Yield Givings website includes a page devoted to Scotts process, describing the quiet research and evaluations her team has relied upon to pick recipients. As a subscriber, you have 10 gift articles to give each month. Scott, who divorced from Amazon founder Jeff Bezos in 2019, made the announcement in a blog post on the website Medium. But the moment Rodriguez was waiting for came two weeks ago, when Scott donated $11 million to the group. Additionally, the funds were used to invest in systems that would outlast the founding leaders and teams. Its no secret MacKenzie Scott has committed some stunning acts of philanthropy of late. Understanding of and ability to describe the relationship between the proposed project and other services, and service providers within the community. Scott noted that all were awarded general operating support grants but did not disclose individual grant amounts. They are the types of organizations historically Black colleges and universities, community colleges and groups that hand out food and pay off medical debts that often fly beneath the radar of major foundations. Yet in the latest batch of grantees, Ms. Morey saw little evidence that Ms. Scott was attempting to use her wealth to counter Amazons influence. / Sign up for Verge Deals to get deals on products we've tested sent to your inbox daily. Get some sleep," Scott suggested. She was behind the wheel when she and Mr. Bezos drove to Seattle to start an online bookstore named after a Brazilian river. Scotts made quite the impression on the world of philanthropy as a result, even while shunning the spotlight and not talking to reporters. After divorcing the Amazon founder Jeff Bezos, she signed the Giving Pledge in 2019, promising to give away the bulk of her share of the Amazon fortune. Some of the messages were viewed as possible scams or landed in spam filters. All rights reserved. Ms. Scott made a new round of grants, to 286 organizations. All completed Initial Grant Applications must be submitted by April 30 for consideration in that year. Terms & Conditions. Change happens from the bottom up, and also the top down.. Scotts operations have been largely shrouded in secrecy: A writer who calls herself a private person, she and her team refuse all interview requests. While philanthropy experts applauded Ms. Scotts generosity, the scale of her giving is prompting calls for her to be more transparent. Candid gets you the information you need to do good. Helping any of us can help us all.. Mackenzie Scott gave nearly $6 billion to charity in 2020. . The news was almost too good to be true: Her group would be receiving a $9 million gift. Women-led, Black women-led organizations tend to be at the very bottom of the pile for philanthropists, said Dorri McWhorter, the head of the Y.W.C.A. Ms. Scott is under no obligation to publicly disclose anything about her giving. An infusion of $15 million from Scottthe largest single donation in Accions 27 year historywas immediately put to work in a Covid relief fund. Unrestricted large grants help push the global development field forward with opportunity for increased growth, sustainability, and innovation. Many big-time donors, he said, model themselves off of venture capitalism and take an extremely aggressive approach in terms of monitoring the performance of grant recipients. All Rights Reserved. Today, they are worth about $62 billion, although its unclear how many of the shares Ms. Scott still holds. They were farmers of Ealing who wanted to leave . Another education nonprofit, Leading Educators, got $10 million to provide professional development for teachers. We know that LGBTQ young people are powerful and resilient, and Bezos' gift will allow us to help more LGBTQ young people pursue higher education and achieve their full potential as leaders in our society.". 5 min read. They are tackling questions of power head-on by: Building local leadership and capacity. Scaling community mobilization. Decentralizing boards and staff. Exploring clustering/regional hubs rather than centralized headquarters. Since Ms. Scott does not have a foundation, at least some of her contributions are made through a donor-advised fund, a controversial vehicle that facilitates some charitable donations. She has this anti-elite approach to philanthropy. Her net worth is estimated to be nearly $60 billion. MacKenzie Scott details recipients of recent awards, Habitat for Humanity receives $436 million from MacKenzie Scott, Boys & Girls Clubs of America receives $281 million gift, National 4-H Council receives $50 million from MacKenzie Scott, MacKenzie Scott announces recipients of $1.67 billion in grants, MacKenzie Scott launches giving website, details charitable process, Mormon Church obscured control of $32 billion portfolio, SEC finds, Applications and funding surge at HBCUs following racial reckoning, Citi Foundation launches $25 million food security initiative, Community-based efforts to reduce gun violence launched in four cities, Carnegie Mellon, Rales Foundation launch $150 million STEM initiative. And rather than a few targeted donations, she gave broadly to hundreds of groups. Saying that she's troubled by the increasing concentration of wealth, philanthropist MacKenzie Scott says she is giving away another $2.7 billion of her fortune to 286 nonprofit organizations. BEGIN THE APPLICATION PROCESS. Experts on philanthropy said Ms. Scotts nearly $6 billion in gifts might be among the most ever handed out directly to charities in a single year by a living donor (as opposed to a billionaire making a huge one-time gift to a foundation to be disbursed over decades). And although Ms. Scott offered a list of nearly 400 organizations, she could well have given gifts to other groups. To address this, cohort members used their Scott grant to elevate their entire fields, by prioritizing collaborations with peers and strengthening capacities among their communities. Bipasha Ray is vice president of scalable solutions at Panorama Global, where she designed and facilitated the pilot peer learning cohort of Panoramas CLIP Initiative. The website dropped at the end of a year in which Scott became more famous than ever, despite her shying from the spotlight, and not always for her donations. Dance Theater of Harlem, which received $10 million, said the gift was the largest in its history. [It] will go live only after it reflects the preferences of every one of these nonprofit teams about how details of their gifts are shared., We look forward to sharing the work of these remarkable organizations through this database of their gifts, 1257 to date since my pledge to give away this money with steadiness and care, Scott wrote. Ms. Scott also gave to higher-education institutions including schools in the University of California and the University of Texas systems; organizations focused on racial justice, such as Race Forward and Borealis Philanthropy; groups focused on gender equity and combating domestic violence; and an assortment of other nonprofits including the Authors League Fund, which helps writers in financial need, and Afrika Tikkun, which works to end child poverty in South Africa. MacKenzie Scott has unveiled a website to provide more transparency around her philanthropic efforts. Editor's note: Updated on Feb. 28, 2022 to include a donation to the Collaborative for Gender + Reproductive Equity, Amazon founder Jeff Bezos and his ex-wife. She doesn't appear to have a website. Over the past nine months, Scott has awarded grants to 465 nonprofits. MacKenzie Scott's 2020 giving outstripped the over $5 billion in grants given by the Bill and Melinda Gates Foundation in 2019. However accessible the promised application process will make Scotts team, the woman herself isnt changing her communication strategy. MacKenzie Scott, the reclusive billionaire who has in three years donated upwards of $14 billion to more than 1,600 nonprofits, may start accepting applications from would-be recipients. But the criticism of Ms. Scott has tended to be more constructive than pointed. For a complete list of grant recipients, see Scotts Medium post. That mentality of trust is what we need in philanthropy, said Katie Carter, chief executive of the Pride Foundation in Seattle, an L.G.B.T.Q.+ charity that received a $3 million donation. His network of nonprofits in November 2021 received a surprise phone call from a member of Scotts team, promising grants thateventually totalled$133.5million, for the national organization and 40 of its 110 affiliates; but for the 70 other affiliates, Saldaa acknowledged, the conversation was a difficult one. Though this kind of giving isnt new, Scott (and possibly Melinda French Gates) is putting a spotlight on trust-based philanthropy, which seeks to address the power imbalances between wealthy funders and nonprofits. Scott, the ex-wife of Amazon founder Jeff Bezos, made the announcement in a Medium blog post on Tuesday. Many of the gifts were the largest the charities had ever received. Our programs and grants help create joyful, enriching experiences that lay the foundation for a lifetime of learning, and provide adults with the knowledge and skills they need to give children the best possible start. Editor's Note: This article was updated on February 19, 2022 to include two additional donations, to Shatterproof and Young People in Recovery. (Editor's note: The amount of money transferred into Lehman College's endowment has been changed based on updated information provided by the college.) Ms. Scott has moved away from the heavy hand of the philanthropy in steering the direction of social change, said Benjamin Soskis, a senior research associate in the Center on Nonprofits and Philanthropy at the Urban Institute. Scotts June 15 post was the most detailed explanation of her philanthropic philosophy to date (attempting to give away a fortune that was enabled by systems in need of change) and gently chided the news media for paying more attention to her wealth than to the organizations receiving money. As a subscriber, you have 10 gift articles to give each month. Bezos said in 2017 he wanted to include right now donations among his mostly long-term philanthropic efforts since the bulk of his donations went to foundations. Fundraising expenses or activities or staff positions related to development or fundraising. Mr. Bezos has made some big charitable commitments but has not made philanthropy a top priority. After calls for more transparency, in December Scott wrote that she hopes to launch a website with a searchable grants database this year. Jewett joined Scott in signing the Giving Pledge, a commitment by wealthy individuals to give away a majority of their money. Two groups focusing on reproductive rights, the Guttmacher Institute and the Collaborative for Gender + Reproductive Equity, received $15 million and $25 million respectively. Please note: Mackenzie Charitable Foundation do not make grants to individuals. The Bloomberg timeline shows how the pace of giving shifted after the couple divorced; prior to 2019, they made several million- and multimillion-dollar donations here and there. If you have any questions about the Foundation or our grant process, email us below for a quick response. MacKenzie Scott announces recipients of $1.67 billion in. MacKenzie Bezos Makes Major Gift to Point Foundation & LGBTQ Youth, Howard University receives transformative gift from philanthropist MacKenzie Scott, Pivotal Ventures launches challenge to accelerate gender equality, U.S. billionaires' wealth up $434 billion during pandemic, study finds, Blue Meridian Announces $100 Million COVID-19 Response Initiative, MacKenzie Scott launches giving website, details charitable process, Mormon Church obscured control of $32 billion portfolio, SEC finds, Applications and funding surge at HBCUs following racial reckoning, Citi Foundation launches $25 million food security initiative, Community-based efforts to reduce gun violence launched in four cities, Carnegie Mellon, Rales Foundation launch $150 million STEM initiative. Less than two months into 2022, Scott isn't showing any signs of . Metropolitan Chicago. She just doesnt seem to be tuned in to that kind of stuff at all, Mr. Callahan said. GRANT APPLICATION Jacksonville's Scott R. MacKenzie Foundation offers grants for genetic research. But the $2.74 billion in gifts, announced just six months after that windfall, firmly establishes her as the most generous and influential philanthropist working today. Hes stepping down as Amazon CEO later this year and says he plans to focus on other passions, including the Bezos Earth Fund, the Day 1 Fund, and The Washington Post. Buy needed supplies. Florida International University is receiving the same amount. MacKenzie Scott, the ex-wife of Amazon founder Jeff Bezos, is giving away her $46 billion fortune faster than anyone in history. When they both worked at the hedge fund D.E publicly disclose anything about her giving over $ billion! About the Foundation is a redistribution of wealth evan Agostini/Invision, via Associated Press, inaccurate and at times responses.: her group would be receiving a $ 9 million gift to improve lives in our community gifts to groups! 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