Current:Home > MarketsMacKenzie Scott donates $640 million -- more than double her initial plan -- to nonprofit applicants -WealthGrow Network
MacKenzie Scott donates $640 million -- more than double her initial plan -- to nonprofit applicants
View
Date:2025-04-18 16:39:28
MacKenzie Scott, the billionaire philanthropist and author, had promised to give $1 million to 250 organizations last year through an “open call” for applications. On Tuesday, she announced she would give $640 million to 361 organizations instead.
That makes her organization Yield Giving’s first round of donations more than double what Scott had initially pledged in response to applications from nonprofits. Since she began giving away billions in 2019, Scott and her team have researched and selected organizations without an application process and provided them with large, unrestricted gifts.
In a brief note on her website, Scott wrote she was grateful to Lever for Change, the organization that managed the “open call,” and the evaluators for “their roles in creating this pathway to support for people working to improve access to foundational resources in their communities. They are vital agents of change.”
Some 6,353 nonprofits applied for the $1 million grants when applications opened.
“In light of the incredible work of these organizations, as judged by their peers and external panelists, the donor team decided to expand the awardee pool and the award amount,” said Lever for Change, which specializes in running philanthropic prize awards.
The 279 nonprofits that received top scores from an external review panel were awarded $2 million, while 82 organizations in a second tier received $1 million each.
The grantees range in focus from those that provide support to people returning from incarceration to The Unusual Suspects Theatre Company, which creates original theater with young people in Los Angeles. Many organizations serve very specific geographies or populations, like Asian Americans in central Texas or South Asian young people in New York.
The “open call” asked for applications from nonprofits who are community-led with missions “to advance the voices and opportunities of individuals and families of meager or modest means,” Yield Giving said on its website. Only nonprofits with annual budgets between $1 and $5 million were eligible to apply.
“In a world teeming with potential and talent, the Open Call has given us an opportunity to identify, uplift, and empower transformative organizations that often remain unseen,” Cecilia Conrad, CEO of Lever for Change, said in a statement.
The awardees were selected through a multilayer process, where applicants scored fellow applicants and then the top organizations were reviewed by a panel of outside experts.
Scott has given away $16.5 billion from the fortune she came into after divorcing Amazon founder Jeff Bezos. Initially, she publicized the gifts in online blog posts, sometimes naming the organizations and sometimes not. She launched a database of her giving in December 2022, under the name Yield Giving.
In an essay reflecting on the website, she wrote, “Information from other people – other givers, my team, the nonprofit teams I’ve been giving to – has been enormously helpful to me. If more information about these gifts can be helpful to anyone, I want to share it.”
___
Associated Press coverage of philanthropy and nonprofits receives support through the AP’s collaboration with The Conversation US, with funding from Lilly Endowment Inc. The AP is solely responsible for this content. For all of AP’s philanthropy coverage, visit https://apnews.com/hub/philanthropy.
veryGood! (797)
Related
- See you latte: Starbucks plans to cut 30% of its menu
- Spain vs. Brazil highlights: Brazil holds off comeback, will play for Olympic gold
- American Cole Hocker pulls Olympic shocker in men’s 1,500, leaving Kerr and Ingebrigtsen behind
- Chemical vs. mineral sunscreen: Dermatologists explain types of UV protection
- Why members of two of EPA's influential science advisory committees were let go
- Finally, US figure skaters will get Beijing Olympic gold medals — under Eiffel Tower
- Trump's bitcoin stockpile plan stirs debate in cryptoverse
- Tropical Storm Debby swirls over Atlantic, expected to again douse the Carolinas before moving north
- US appeals court rejects Nasdaq’s diversity rules for company boards
- US, China compete to study water on the moon: Why that matters for future missions
Ranking
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- Weak spots in metal may have led to fatal Osprey crash off Japan, documents obtained by AP reveal
- After dark days on stock markets, see where economy stands now
- 9 dead, 1 injured after SUV crashes into Palm Beach County, Florida canal
- NHL in ASL returns, delivering American Sign Language analysis for Deaf community at Winter Classic
- Software upgrades for Hyundai, Kia help cut theft rates, new HLDI research finds
- Billy Bean, MLB executive and longtime LGBTQ advocate, dies at 60
- 23 Flowy Pants Starting at $14.21 for When You’re Feeling Bloated, but Want To Look Chic
Recommendation
Rams vs. 49ers highlights: LA wins rainy defensive struggle in key divisional game
Pitbull Stadium: 'Mr. Worldwide' buys naming rights for FIU football stadium
How M. Night Shyamalan's 'Trap' became his daughter Saleka's 'Purple Rain'
Brandon Aiyuk trade options: Are Steelers or another team best landing spot for 49ers WR?
Tarte Shape Tape Concealer Sells Once Every 4 Seconds: Get 50% Off Before It's Gone
Where JoJo Siwa Stands With Candace Cameron Bure After Public Feud
Judge dismisses most claims in federal lawsuit filed by Black Texas student punished over hairstyle
What investors should do when there is more volatility in the market