MacKenzie Scott has revolutionized philanthropy and the civil society and development sector by rapidly awarding more large grants faster than any other philanthropist: almost 1,600 grants totaling more than $14 billion since 2020. The unrestricted grants offered organizations space to learn and experiment lessons that can be shared to uplift an entire field. Additionally, the National 4-H Council, an agriculturally focused youth organization, received $50 million. Editor's Note: This article was updated on February 19, 2022 to include two additional donations, to Shatterproof and Young People in Recovery. But the $2.74 billion. LinkedIn has officially entered its cringe era, and its working. Women-led, Black women-led organizations tend to be at the very bottom of the pile for philanthropists, Ms. McWhorter said. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice| Do Not Sell/Share My Personal Information| Ad Choices Another education nonprofit, Leading Educators, got $10 million to provide professional development for teachers. 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. Favianna Rodriguez, who received $11 million from Scott, says Scott's giving is a redistribution of wealth. And while that rate is breaking records, Scott needs her giving machine to work faster, because the stock she holds in Amazon has rocketed in value from $23.6 billion this year to $60.7 billion, according to the Bloomberg Billionaires Index . General operating support for organizations. Since colleges and universities began shuttering their campuses, our students have faced incredible challenges, from losing safe housing after campus closures to losing jobs and income. 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. "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. The billionaire philanthropist has so far given away more than $8 billion of her fortune in three rounds of funding. Corporate events, the companys bread and butter, dried up overnight. Use the applications and forms below to open new Mackenzie Investments accounts, transfer assets from other institutions and other tasks. 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. So she applied to art school, only to be rejected. Buy needed supplies. Like her previous public letters, Ms. Scotts latest blog post was a personal reflection on privilege, need and responsibility. 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. It also promises an upcoming open-call process to introduce an additional pathway for information about organizations to reach us. The open calls will focus on one or more specific themes, geographies, and types of organizations at a time, according to the website. A significant amount was granted to organisations focused on issues of equity, with noteworthy support to leaders of colour and those identifying as LGBTQIA+. 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). 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. 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. Mr. Bezos, the richest man in the world, has made big charitable commitments but not made philanthropy a top priority. Less than two months into 2022, Scott isn't showing any signs of . 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. Including February's gifts, she has given away a total of $8.8 billion in less than two years to more than 780 organizationsmore than four times what her ex-husband has donated so far in his lifetime, Forbes calculates. 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. Scott is now married to Seattle teacher Dan Jewett. In a break from the way many foundations operate, Ms. Scott said her gifts were not earmarked for specific programs. MacKenzie Scott, the former wife of Amazon founder Jeff Bezos, is shown here in 2018. Scott also announced that she has made a recent decision to invite recipients to share details of the gift, if they desire, before she shares recipients names and that her team is in the process of designing a website that will detail the recipients. Candid gets you the information you need to do good. 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. Yield Givings website includes a page devoted to Scotts process, describing the quiet research and evaluations her team has relied upon to pick recipients. Like Urrutia, Favianna Rodriguez is working to aid communities of color. The university said Scott and Jewett "were drawn to UTSA because of the university's strong commitment to create pathways to success for students from communities with significant educational attainment and income disparities" as well is its commitment to serving Latino students. 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. Political candidates or organizations, fraternal organizations or veteran organizations. The development community can learn about how to fund internationally from the choices, questions, and experiences of Scott grant recipients. Subscribe here. She doesn't appear to have a website. MacKenzie Scott, the ex-wife of Amazon founder Jeff Bezos, is giving away her $46 billion fortune faster than anyone in history. Though she has donated more than $8 billion over the past 11 months, primarily through direct gifts to nonprofits, today she is richer than ever, worth some $60 billion, according to Forbes. There is no evident mechanism by which organizations can apply for donations. 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. 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. 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. 2023 Fortune Media IP Limited. Learn more Adolescent Learning 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. The purpose of the Grants Process is to accomplish the mission of the Foundation through innovative and effective grantmaking and stewardship in a way that: All organizations applying for Foundation funds must be able to demonstrate the following organizational characteristics: Copyright 2014 - McKenzie Foundation - All rights reserved. Scotts made quite the impression on the world of philanthropy as a result, even while shunning the spotlight and not talking to reporters. Notably, Scott didnt publicly announce these donations herself, as she has done in the past. After deeper research into 822 of them, she and her advisers selected 384 groups to receive nearly $4.2 billion in funds. 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. If you have any questions about the Foundation or our grant process, email us below for a quick response. For a complete list of grant recipients, see Scotts Medium post. 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. While philanthropy experts applauded Ms. Scotts generosity, the scale of her giving is prompting calls for her to be more transparent. But she is not using a foundation. 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. MacKenzie Scott has unveiled a website to provide more transparency around her philanthropic efforts. We learned that organizations navigated tough decisions around saving vs. spending balancing the need to create financial sustainability vehicles, such as endowments and setting funds aside for innovation, alongside urgent spending to attend to growing needs amid the pandemic. Mr. Bezos has made some big charitable commitments but has not made philanthropy a top priority. Scott is a signee of the Giving Pledge, a promise made by billionaires to give away half of their wealth in their lifetimes or after their deaths. These organizations work in agriculture, civic engagement, community-led development, access to education and health, gender equity, legal empowerment, and poverty alleviation. In February alone, nine organizations announced gifts from Scott totaling $264.5 million. 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. (In practical terms, shes even more impressive: Last years second-biggest donor to charity, Elon Musk, directed his $5.7 billion donation in Tesla shares to his personal foundation, reaping a tax benefit without distributing much of the money to charity, tax records show.). As one organization put it, "We should be building local organizations because they will be there longer than us and will have more credibility." Jeff Bezos and MacKenzie Scott in 2018. We have to quantum leap., This is a BETA experience. She thought she had found her lifes calling, but says there were a lack of opportunities. All rights reserved. Ms. Scott is working on her giving with the Bridgespan Group, a nonprofit organization in Boston that advises charities and philanthropies, including those set up by Mr. Gates and Michael Bloomberg, as well as the Ford and Rockefeller foundations. 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. Forbes takes the position that people with billions of dollars at their disposal warrant more scrutiny than average Americans because of the power that money wields. She has swiftly followed through, and by 2021 had become the third most generous U.S. philanthropist on paper. Who Can Apply for a Grant? To maximize time for giving and ensure information reaches us at times when we are prepared to review it, we do not invite unsolicited messages suggesting candidates, including forwards from friends, family, or personal connections, Scotts website says. If their choice is to hold onto that wealth or give it away, Im going to come down on the side of giving it away every time., Giving Billions Fast, MacKenzie Scott Upends Philanthropy, https://www.nytimes.com/2020/12/20/business/mackenzie-scott-philanthropy.html. She was behind the wheel when she and Mr. Bezos drove to Seattle to start an online bookstore named after a Brazilian river. Evan Agostini/Invision/AP Billionaire philanthropist MacKenzie Scott and her husband, Dan Jewett, have given away nearly $3.9 billion in grants to 465 organizations including several that are providing humanitarian. 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. 2023 Vox Media, LLC. Their service supports and empowers people who go on to support and empower others.". 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.. The business was teetering on the brink. The news was almost too good to be true: Her group would be receiving a $9 million gift. They included well-known arts groups such as the Apollo Theater and Ballet Hispnico. Staff capacity, sound fiscal policy and responsible financial management. All completed Initial Grant Applications must be submitted by April 30 for consideration in that year. She has so far given away more than $8 billion in three rounds of funding revealed in the same manner. Please Note: We are NOT MacKenzie Scott or Dan Jewett. While non-profits and philanthropic experts alike have praised Scotts generosityand the massive scale and speed of her giving, as well as the unrestricted nature of her donationsthe secrecy around her process and lack of communication have created some frustrations even among her recipients, as a Fortune feature in March reported. 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. That reflects an incomplete understanding of how change happens in this country. 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. A large, unrestricted grant can shift an organizations position providing greater visibility, more opportunities to influence the fields direction, and greater legitimacy with donors. 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. Please do not submit any medical/patient information or other private information through this form. Scott's approach to philanthropy is unusual in a number of ways. "Many reported that this trust significantly increased the impact of the gift," Scott wrote. Whereas multibillion foundations like Bloomberg Philanthropies and the Bill and Melinda Gates Foundation have fancy headquarters, Ms. Scotts operation has no known address or even website. Editor's note: Updated on Feb. 22, 2022 to include a donation to National 4-H Council. 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. The website unveiled this week is the result. 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. Anyone can read what you share. You may opt-out by. This can include advocacy to push a cause forward, convening peers for knowledge exchange, introducing new funders to locally based peers, and organizing to regrant to more grassroots organizations. But the moment Rodriguez was waiting for came two weeks ago, when Scott donated $11 million to the group. All of this adds up, as 10 Scott recipients told Forbes, to a new way of philanthropyand their hope that other big donors will follow Scotts lead. 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. She has until now announced her donations, and named the nonprofits shes funding, through reflective, literary essays posted twice a year on Medium. Between the pandemic and the recession, it had been a difficult year for the Chicago Y.W.C.A., which runs a rape crisis hotline and provides counseling to women on jobs, mortgages and other issues. 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. She has this anti-elite approach to philanthropy. Scott also won praise from philanthropy experts for the way she donated her money: without strings attached. Metropolitan Chicago. For global south organizations in the cohort that had rarely received unrestricted funds, using this grant to build stronger, more flexible and more diverse revenue streams was a top priority. Usually you dont have very large philanthropists wandering the landscape looking to drop millions of dollars very quietly into organizations that they care about, said Adam Zimmerman, president and chief executive of Craft3, which gives loans to small businesses in Oregon and Washington and which received a $10 million gift from Ms. Scott. Philanthropist MacKenzie Scott has donated more than $2.7 billion to hundreds of charities and organizations. 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 now Scott, who is also an author and the ex-wife of Amazon founder Jeff Bezos, has announced in . The Scott grants provide them with breathing room, flexibility to make strategic choices, and the opportunity to focus on systems change work. At the time, her portion of the settlement, some 4 percent of Amazon shares, was valued at around $36 billion. 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. The largest donation, $133.5 million, went to Communities in Schools, a non-profit that helps keep at-risk children in schools. Many of the gifts were the largest the charities had ever received. As a subscriber, you have 10 gift articles to give each month. Eventually. 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. Scotts gifts come in the form of unrestricted grants, meaning that nonprofits can spend the money however they want rather than on particular programs. Morgan could do with it as it saw fit. / Sign up for Verge Deals to get deals on products we've tested sent to your inbox daily. Where Scott grant recipients chose to spend their unrestricted grants offers clues about the areas of global development that have historically been underfunded. Ms. Scott has a recognition that the organizations are doing the good work and let us be the stewards of those dollars.. Philanthropist MacKenzie Scott has announced details of the more than $3.86 billion in gifts she has awarded since June of 2021. Understanding of and ability to describe the relationship between the proposed project and other services, and service providers within the community. While Scott's participation in funder collaboratives and initiatives such asBlue Meridian Partnersand theEquality Can't Wait Challengehas been noted previously, she had not announced details of her giving. MacKenzie Scott seems to be nonresponsive to traditional approaches (there is no application process) and operates much more like a Donor Advised Fund (DAF). 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. Her fortune comes from shares of Amazon that she got after her divorce last year from Jeff Bezos, the companys founder. 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.". But the Red Door had the rug pulled out from under it when Covid hit. Jewett joined Scott in signing the Giving Pledge, a commitment by wealthy individuals to give away a majority of their money. Like the $4 billion Scott gave to 384 organizations in the last four months of 2020, the donations are unrestricted, so recipients can use the money as they see fit. Instead, they say, big donations come with the understanding that the money be used for specific purposes and programs. $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. In 2020, a year of incredible need, Ms. Scott gave away nearly $6 billion to 500 organizations. All told, Ms. Scott whose fortune comes from shares of Amazon that she got after her divorce last year from Jeff Bezos, the companys founder had given more than $4 billion to 384 groups, including 59 other Y.W.C.A. However accessible the promised application process will make Scotts team, the woman herself isnt changing her communication strategy. 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. GRANT APPLICATION Jacksonville's Scott R. MacKenzie Foundation offers grants for genetic research. Scotts windfall grants have few or no strings attached and center on race, gender, equity, and localized decision-making. Shaw. 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. ", MacKenzie Scott Has Donated More Than $4 Billion In Last 4 Months. If Ms. Scott was making her donations through a foundation, she would be required to publicly disclose the amounts and recipients of all gifts. The choices, experiences, and reflections of Scotts global grant recipients provide valuable insights to understand where global development aid has fallen short and how to improve philanthropy in order to advance systems change. As she reached adulthood, Rodriguez says she realized that all parts of the creative industryHollywood, museums, dance, televisionwere run by white men holding all the power and financing. Severalglobal south recipients used the grant to hone the message that they are the experts and could stop working as subcontractors on the ground under the large INGOs that otherwise often get the big grants. Shes not putting herself in the drivers seat., MacKenzie Scott Gives Away Another $2.74 Billion Even as Her Wealth Grows, https://www.nytimes.com/2021/06/15/business/mackenzie-scott-philanthropy.html. Get the latest nonprofit news, funding opportunities, job openings, and more delivered to your inbox with Philanthropy News Digest newsletters. Instead, at least some of her donations including the gift to the Chicago Y.W.C.A. It works on two levels!). She then dampens any of our hopes that she might reconsider all those press interview requests: In order to cede focus to the organizations were supporting, we choose not to participate in events or media stories.. In each post, Scott includes a short essay explaining her view on philanthropy alongside the list of groups receiving funds. Today, they are worth about $62 billion, although its unclear how many of the shares Ms. Scott still holds. 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. The university will use the funds to meet needs in four areas, including campus infrastructure improvement projects, a new faculty development plan, a program focused on social innovation and entrepreneurship, and one of its signature retention programs, the Graduation & Retention Access to Continued Excellence (GRACE) Grant. The scholarship is need based and will fund up to $2,000 per student. Instead, they say, big donations come with the understanding that the be! A short essay explaining her view on philanthropy alongside the list of groups receiving funds Rodriguez who! Applications must be submitted by April 30 for consideration in that year fraternal organizations or veteran organizations go to. Which organizations can apply for donations too good to be true: her group would receiving. Through this form more than $ 8 billion of her donations including the,... To receive nearly $ 6 billion to hundreds of charities and organizations if you have questions! 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