Sign up for Verge Deals to get deals on products we've tested sent to your inbox daily. Collaborative Learning from Impact Philanthropy, $15M MacKenzie Scott grant helps vision sector out of a blind spot, As MacKenzie Scott donates $3.9B, one grantee expresses ambivalence, Global nonprofits among grantees in MacKenzie Scott's $2.7B donation, General Call for CVs Agriculture Specialist, Team Lead & Agriculture Development Specialist, Opinion: Rethinking global health funding for the good of all, Opinion: Why we all play a role in vaccine confidence, Q&A: Beyond borders and money how banks should support Ukraine, How data science can unlock development in least developed countries, Watch: Partnering to close the health equity gap, MacKenzie Scott's giving 'profoundly positive' for nonprofits: report, Devex Newswire: MacKenzie Scott and Jeff Bezos have new giving plans, Melinda French Gates-backed Co-Impact gives $161M in new grants. To subscribe, select any of the newsletters listed below. 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. She said she hoped to de-emphasize privileged voices and cede focus to others.. She just doesnt seem to be tuned in to that kind of stuff at all, Mr. Callahan said. Scotts windfall grants have few or no strings attached and center on race, gender, equity, and localized decision-making. Get the latest nonprofit news, funding opportunities, job openings, and more delivered to your inbox with Philanthropy News Digest newsletters. MacKenzie Scott, the ex-wife of Amazon founder Jeff Bezos, is giving away her $46 billion fortune faster than anyone in history. And though in many ways Ms. Scott is upending how philanthropy has worked in recent decades, she also invested in several mainstays of the existing philanthropic community. Large global development organizations adopted remote and distributed approaches to staffing long before the pandemic. As a subscriber, you have 10 gift articles to give each month. 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. Their service supports and empowers people who go on to support and empower others.". The Scott grants provide them with breathing room, flexibility to make strategic choices, and the opportunity to focus on systems change work. That fund will eventually disclose the groups that received money, but is not required to say who is behind each gift. She was behind the wheel when she and Mr. Bezos drove to Seattle to start an online bookstore named after a Brazilian river. Ms. Scott described in her Medium post how her team used hundreds of emails and phone interviews and thousands of pages of data analysis to sift through 6,490 potential gift recipients. Ms. McWhorter was not the only recipient who cried. We don't have a lot of time. They were valued at the time at $38 billion. GRANT APPLICATION Jacksonville's Scott R. MacKenzie Foundation offers grants for genetic research. More surprisingly, the operation (which the website calls Yield Giving) also announced that Scott will allow nonprofits to formally apply for her gifts in the future, through what it calls an open-call process. That process will include an online application, the website says, but it doesnt yet provide specifics on timing, simply saying it is upcoming.. 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). By enabling organizations to explore power dynamics, redefine scale in a way that empowers communities, and invest in organizational resilience and sustainability, funders can support them to chart new terrain and advance systems change across global development. For a complete list of grant recipients, see Scotts Medium post. A significant amount was granted to organisations focused on issues of equity, with noteworthy support to leaders of colour and those identifying as LGBTQIA+. Like Urrutia, Favianna Rodriguez is working to aid communities of color. The latest grants will be distributed to 286 organizations including major universities, distinguished arts groups, and nonprofits working to combat racial injustice and domestic violence. 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. 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. Like her previous public letters, Ms. Scotts latest blog post was a personal reflection on privilege, need and responsibility. We want to invest it over decades.. [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. And, unlike much philanthropic giving to institutions of higher education, the Scott money came with no strings attached. Otherwise, the windfall gift can take the limelight, shifting the prevailing narrative to become that these organizations no longer need donor funding, which is problematic and erroneous. Gloria C. MacKenzie Foundation Seeks Grantees If your organization is interested in applying for a grant, we invite you to proceed with our grant application process. But a new Bloomberg report makes excellent use of a visual timeline to provide some perspective on just how much more generous Scott has been with her money compared to her ex-husband Jeff Bezos: Since their divorcein 2019, shes become one of themost consequential philanthropists of her generation. Anyone can read what you share. Hire a few extra team members they know they can pay for the next five years. 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. 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. Ms. Scott is under no obligation to publicly disclose anything about her giving. were made through a Fidelity donor-advised fund. 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. We invite you to join us. 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. 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. "Many reported that this trust significantly increased the impact of the gift," Scott wrote. BEGIN THE APPLICATION PROCESS. Even as the philanthropic funding discourse is gradually shifting toward localized and decentralized decision-making, funding practice hasnt kept up. (Im still chuckling at the image for the year 2014 when the Bezoses donated a total of $2.25 million to fund clinical food allergy research at Stanford University: a photo of peanuts. 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. To subscribe, select any of the newsletters listed below. Her latest round on June 15 was $2.7 billion distributed to 286 groups. Staff capacity, sound fiscal policy and responsible financial management. "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. She refers to a team of advisers rather than a large dedicated staff. Candid gets you the information you need to do good. "Their gift enables us to increase our impact for generations of students and inspires others to invest in building the future of America," he wrote. But the $2.74 billion. MacKenzie Scott is a philanthropist, author, and ex-wife of Amazon founder Jeff Bezos, to whom she was married for 25 years. The president of the University of Central Florida said his institution will receive $40 million the largest donation in the university's history. Mackenzie Investments Charitable Foundation grants in 2018: $801,000 35 charities received grants in 2018 Largest grant to a partner charity in 2018: $50,000 Our Partner Charities The Foundation focuses on giving high-impact grants to charities across the country, with a special focus on organizations that help children and youth at risk. 5 min read. By Invitation Only. 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. The billionaire philanthropist has so far given away more than $8 billion of her fortune in three rounds of funding. 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. But Scott gave directly to charitable organizations: Chuck Collins, director of the Program on Inequality and the Common Good at the Institute for Policy Studies, notes that cash went directly to charities, rather than sitting in a foundation. Our new weekly Impact Report newsletter examines how ESG news and trends are shaping the roles and responsibilities of todays executives. During the Covid-19 pandemic, MacKenzie Scott accompanied three rounds of billion-dollar donations to hundreds of organizations with separate announcements elaborating on her philanthropic approach. Additionally, the funds were used to invest in systems that would outlast the founding leaders and teams. Rodriguez found her escape through art, allowing her to express herself through screen printing, painting murals and making social justice posters. The article also notes that Bezos and Scott tend to differ in how they donate their money. Dia DipasupilGetty Images MacKenzie Scott, the reclusive billionaire who has in three. 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. 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. 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. Instead, most grant recipients first learn of their potential windfall when they are approached by representatives of Ms. Scott, often from the nonprofit consulting firm the Bridgespan Group, and told that they are under consideration for a substantial sum from an anonymous giver. Scott donated to two organizations combatting addiction: $5 million to Shatterproof and $3 million to Young People in Recovery. A gift like this for a nonprofit is equivalent to a billion dollars.. 2023 Fortune Media IP Limited. 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. 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. Evan Agostini/Invision, via Associated Press, inaccurate and at times bizarre responses. For example, at national organizations with many affiliates across the country, she has funded some affiliates but not otherswithout asking those nonprofits for inputoccasionally creating internal difficulties and confusion for her recipients. Eventually. This followed an announcement. By disbursing her money quickly and without much hoopla, Ms. Scott has pushed the focus away from the giver and onto the nonprofits she is trying to help. Scott is currently worth about $21.2 billion, according to Bloomberg. She noted that she had made unsolicited and unexpected gifts given with full trust and no strings attached. Such strings are a mainstay of modern philanthropy: onerous grant proposals and nerve-racking site visits, followed by reports on the variety of performance benchmarks that charities are required to meet to keep the money flowing. 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. Much as a judge has to explain their logic, or a senator has to answer to their constituents, a philanthropist owes it to the public to explain how and why they came to their decisions.. Philanthropist MacKenzie Scott has announced details of the more than $3.86 billion in gifts she has awarded since June of 2021. 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. So she applied to art school, only to be rejected. Grant recipients include Howard University, which announced that it received a $40 million the largest gift in the school's history from Scott, a former student of alumna Toni Morrison. While a windfall grant can boost organizational legitimacy, organizations and donors must intentionally craft a strategic message around organizational impact and priorities. Conference expenses, memberships, tickets to events or informational visits by experts or recognized speakers. She has so far given away more than $8 billion in three rounds of funding revealed in the same manner. Foundations are required by law to pay out at least 5 percent of their endowments a year. A new MacKenzie Scott Opportunity Scholarship Fund, set to launch this year, is expected to yield an estimated $400,000 per year in new funding for scholarships. For the third time in less than a year, MacKenzie Scott has announced a multibillion-dollar round of grants. I even shed a tear. Wilson says he plans to add 95% of Scotts donation to Morgans $100 million endowment, which will help fund scholarships, academic research and innovative new programs including work on health equity and intergenerational mobility. The University of Texas at San Antonio is also receiving $40 million, which its president called "completely transformational." It is with gratitude and irrepressible smiles that the sisterhood of Urgent Action Funds announces our collective receipt of MacKenzie Scott's generous, transformative, and indeed "human and soft" gift of $20 million.. All the words we could possibly use would be an understatement of the impact that this gift will have on the Urgent Action Funds. Shaw. Two previous Accion loans allowed Free to expand her Oakland, California catering business, The Red Door, from a couple of employees and a van in 2011 to dozens of employees and a 5,000 square foot kitchen before the pandemic. So she planted the seeds in 2011 of what became The Center For Cultural Power, supporting people of color working at the intersection of arts and activism. Ms. Scotts disbursement of $6 billion in about five months only accentuated the stodgy pace of her peers. Women-led, Black women-led organizations tend to be at the very bottom of the pile for philanthropists, Ms. McWhorter said. Scott alluded to her thinking behind helping groups helping others in her latest Medium post, writing, We believe that teams with experience on the front lines of challenges will know best how to put the money to good use. Ultimately, Urrutia says, Scotts philanthropy sends the message that you and your team know how to best deploy the dollars.. (Rudolphs series-finale declaration that we are the problem; billionaires shouldnt exist lands like a TV-pithy version of Scotts first essay about her donations: Theres no question in my mind that anyones personal wealth is the product of a collective effort, and of social structures which present opportunities to some people, and obstacles to countless others.). On a Monday evening in November, Dorri McWhorter, the chief executive of the Y.W.C.A. Billionaire philanthropist MacKenzie Scott has donated almost $2 billion to more than 300 organizations in the last seven months, she said in a Medium post Monday. 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. Terms & Conditions. Groups across the country have received funds, and in a variety of areas: public health, education, the arts, racial equity, climate change and economic mobility, to name just a few. All completed Initial Grant Applications must be submitted by April 30 for consideration in that year. Scott, the ex-wife of Amazon founder Jeff Bezos, made the announcement in a Medium blog post on Tuesday. But the Red Door had the rug pulled out from under it when Covid hit. In ablog post, Scott whose divorce from Amazon founder and CEO Jeff Bezos reportedly left her with Amazon stock valued at more than $35 billion and whotweetedon Tuesday that she would begin using her middle name as her last name wrote that she had been working with nonprofit advisors from historically marginalized race, gender, and sexual identity groups to help identify and evaluate potential grantees. Image Credit: Instagram MacKenzie Scott Foundation Website 26 Feb Feb Candid gets you the information you need to do good. Scotts gifts come in the form of unrestricted grants, meaning that nonprofits can spend the money however they want rather than on particular programs. The organizations invested in their sustainability put the grants toward areas such as programmatic innovation, operations and infrastructure, reserves, salaries, new recruitment, and staff and leadership development. Less than two months into 2022, Scott isn't showing any signs of . Get the latest nonprofit news, funding opportunities, job openings, and more delivered to your inbox with Philanthropy News Digest newsletters. General operating support for organizations. Chef Reign Free received support to keep her catering business afloat during the pandemic due to Scott's philanthropy. (Editor's note: The amount of money transferred into Lehman College's endowment has been changed based on updated information provided by the college.) MacKenzie Scott, the former wife of Amazon founder Jeff Bezos, is shown here in 2018. It's not only a significant moment for myself, but it's a moment for BIPOC-led and BIPOC-serving art institutions at a time when we have been devastated by the pandemic, she says. In the last few years, they have ramped up attention to organizational culture and health to achieve maximum organizational impact. Please note: Mackenzie Charitable Foundation do not make grants to individuals. 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 recipients span from institutions of higher education and arts and culture, to organizations fighting poverty, working on interfaith issues and building community engagement. Feel free to contact us anytime. Ms. Scott has a recognition that the organizations are doing the good work and let us be the stewards of those dollars.. Many of the cohort organizations experiencedrapid growth related to the grant, which in some cases was accompanied by growing pains and staff burnout. Scotts July 2020 giving could not have come at a better time for Accion Opportunity Fund, a small business loan provider in California focusing on women and Black-owned businesses. Buy needed supplies. MacKenzie Scott is a private citizen, but she is playing a public role, said Maribel Morey, founding executive director of the Miami Institute for the Social Sciences. Learn more Adolescent Learning "These are people who have spent years successfully advancing humanitarian aims, often without knowing whether there will be any money in their bank accounts in two months. She had three children from her former marriage and they adopted one girl from China. Chuck Collins, director of the Program on Inequality and the Common Good at the Institute for Policy Studies, said at the time of Scott's last round of donations that she was "putting to shame the other 650 U.S. billionaires who haven't [figured] out comparable ways to boldly share. Morgan State University, a historically Black public college in Baltimore that traces its roots to the year 1867, has always struggled financially. Many donors of large amounts have specific instructions for how they want charities to use their funds. As she did in July when she announced donations of $1.7 billion to 116 organizations, Ms. Scott unveiled her latest round of philanthropy through a post on Medium. On Wednesday, Scotts team published a long-promised website with details about her philanthropy, including a database of the donations she has made since 2020. The wide array of gifts, and the manner in which they were announced, reflect Ms. Scotts highly unconventional approach to philanthropy. Metropolitan Chicago. Who Can Apply for a Grant? Buy chairs for them. It also distinguished her from her former husband, the richest man in the world. The money hit the street, he says. 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. Bezos is following in the footsteps of other famous billionaires who turned their focus toward philanthropy after retiring from the day-to-day of running a business. All Rights Reserved, By submitting your email, you agree to our. The remaining funds will go to initiatives such as fellowships for artists that include full salary and benefits, support for LGBTQ people of color breaking into Hollywood and administrative tasks like hiring additional staff. In her post on Medium, she explained that her team's focus, which includes new areas, has been "to support the needs of underrepresented people from groups of all kinds." She has swiftly followed through, and by 2021 had become the third most generous U.S. philanthropist on paper. Ms. Scott appears attuned to the fact that her vast and growing fortune is made possible through Amazon, a company that has long faced scrutiny for its harsh working conditions and the myriad ways it has reshaped the economy, often centralizing wealth and power along the way. It was really difficult to know what their criteria wasand sure, Id love to be able to provide input, Rey Saldaa, CEO of Communities in Schools, told Fortune earlier this year. The pilot cohort, which ran from May to November 2022, included 22 global development and human rights organizations based in Africa, Asia, Europe, and the U.S. So far, MacKenzie Scott has donated almost $6 billion in gifts. Scott's post lists all the recipients but doesn't state the amount of money they've been granted. Eventually. Crypto company Gemini is having some trouble with fraud, Some Pixel phones are crashing after playing a certain YouTube video. MacKenzie Scott promised she would give her fortune away until the safe is empty. That has proved to be harder than expected. 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. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. As part of their split, she received 4 percent of the outstanding shares of Amazon. That changed in December 2020. 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