Current:Home > FinanceMacKenzie Scott donates $640 million -- more than double her initial plan -- to nonprofit applicants -ProsperityStream Academy
MacKenzie Scott donates $640 million -- more than double her initial plan -- to nonprofit applicants
View
Date:2025-04-12 01:40:05
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! (65)
Related
- Bodycam footage shows high
- Casino and lottery proposal swiftly advances in the Alabama Legislature
- 'It almost felt like you could trust him.' How feds say a Texas con man stole millions
- Beyoncé announces new album during 2024 Super Bowl after Verizon commercial hints at music drop
- British swimmer Adam Peaty: There are worms in the food at Paris Olympic Village
- Lack of snow forces Montana ski resort to close halfway through season
- Mardi Gras and Carnival celebrations fill the streets — see the most spectacular costumes of 2024
- What makes Caitlin Clark so special? Steph Curry, Maya Moore other hoops legends weigh in
- $73.5M beach replenishment project starts in January at Jersey Shore
- When will the Fed cut interest rates in 2024? Here's what experts now say and the impact on your money.
Ranking
- Cincinnati Bengals quarterback Joe Burrow owns a $3 million Batmobile Tumbler
- 2 arrested in 'random murder spree' in southeast LA that killed 4, including juvenile
- Rachel Dolezal fired from Arizona teaching job due to OnlyFans account
- Louisiana lawmaker proposes adding nitrogen gas and electrocution to the state’s execution methods
- Shilo Sanders' bankruptcy case reaches 'impasse' over NIL information for CU star
- Australia's 'Swiftposium' attracts global intellectuals to discuss Taylor Swift
- A Battery Company CEO on the ‘Massive’ Effect of the Inflation Reduction Act
- First-ever February tornadoes in Wisconsin caused $2.4M in damages
Recommendation
Taylor Swift Eras Archive site launches on singer's 35th birthday. What is it?
South Carolina House approves Sunday liquor sales, potentially lifting another religious restriction
Disneyland performers seek to have union protections like other park employees
A dinosaur-like snapping turtle named Fluffy found in U.K. thousands of miles from native U.S. home
USA men's volleyball mourns chance at gold after losing 5-set thriller, will go for bronze
New Mexico’s Democrat-led House rejects proposal for paid family and medical leave
Power outages hit Boston transit system during morning rush hour, stranding thousands
Ariana Grande reveals new Mariah Carey collaboration: 'Dream come true'