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. After calls for more transparency, in December Scott wrote that she hopes to launch a website with a searchable grants database this year. At the time, her portion of the settlement, some 4 percent of Amazon shares, was valued at around $36 billion. But now Scott, who is also an author and the ex-wife of Amazon founder Jeff Bezos, has announced in . 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. So she applied to art school, only to be rejected. Learn more Adolescent Learning The development community can learn about how to fund internationally from the choices, questions, and experiences of Scott grant recipients. Philanthropist MacKenzie Scott has donated more than $2.7 billion to hundreds of charities and organizations. The Scott R. MacKenzie Foundation grants funding for genome research in order to advance cures. Get some sleep," Scott suggested. 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. 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. 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. 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. 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. 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. Yield Givings website includes a page devoted to Scotts process, describing the quiet research and evaluations her team has relied upon to pick recipients. Here are some deeper insights from our pilot cohort of Scott grant recipients for the global development sector: Global recipient organizations are redefining the notion of scale and increasing impact by reaching more people in ways that give communities greater agency. 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. 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.. "Though we still have a lot to learn about how to act on these beliefs without contradicting and subverting them, we can begin by acknowledging that people working to build power from within communities are the agents of change. 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. November 2023 meeting - applications close on the 27th of October 2023. All completed Initial Grant Applications must be submitted by April 30 for consideration in that year. 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. Ms. Scott and Mr. Bezos met when they both worked at the hedge fund D.E. In each post, Scott includes a short essay explaining her view on philanthropy alongside the list of groups receiving funds. 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. Ms. Scotts latest round of giving was less than the $4.2 billion in grants announced in December, which she linked directly to the enormous needs generated by the pandemic. Its really critical for any philanthropist to address the inequities of how their wealth was created, she said. But she is not using a foundation. Scott's post lists all the recipients but doesn't state the amount of money they've been granted. 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. 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 . I was quite emotional. MacKenzie Scott, the former wife of Amazon founder Jeff Bezos, is shown here in 2018. The news was almost too good to be true: Her group would be receiving a $9 million gift. This is why Panorama Globallaunched the Collaborative Learning from Impact Philanthropy, CLIP, initiative, which includes several peer learning cohorts designed for Scott grant recipients at their request. 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. She doesnt appear to have an office or even a mailing address for her philanthropy, instead working through nonprofit firm Bridgespan. 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. A large, unrestricted grant can shift an organizations position providing greater visibility, more opportunities to influence the fields direction, and greater legitimacy with donors. Through a streamlined operation, Ms. Scott has given away $6 billion this year, much of it to small charities and nonprofits. MacKenzie Scott's 2020 giving outstripped the over $5 billion in grants given by the Bill and Melinda Gates Foundation in 2019. Giving Billions Fast, MacKenzie Scott Upends Philanthropy Through a streamlined operation, Ms. Scott has given away $6 billion this year, much of it to small charities and nonprofits.. The Foundation is a nonprofit, tax-exempt charitable organization . 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. Ms. Scott is under no obligation to publicly disclose anything about her giving. We want to invest it over decades.. In the course of a few months, Ms. Scott has turned traditional philanthropy on its head. Less than two months into 2022, Scott isnt showing any signs of slowing down. Long Beach City College, in California, thanked Scott for $30 million also the single largest donation in its history. Powered and implemented by Interactive Data Managed Solutions. PAST COVERAGE: San Jacinto College anonymous donor gives free tuition to 2021 high school grads. 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. Organizations where person(s) are excluded from employment, volunteer participation, or agency services because of age, gender, race, national origin, religious beliefs and background, physical abilities, disability, sexual orientation, economic circumstances, and any other characteristic protected by law. 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. Scott is now married to Seattle teacher Dan Jewett. If you want to have a leading voice in addressing inequality, you have to address Amazons profit maximization in the private sector.. Scotts made quite the impression on the world of philanthropy as a result, even while shunning the spotlight and not talking to reporters. By Invitation Only. Mr. Bezos, the richest man in the world, has made big charitable commitments but not made philanthropy a top priority. If you are looking for a way to serve humanitys common cause, every one of them is a great candidate. 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. Anyone can read what you share. "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. 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. This shift in the locus of decision-making is critical. Scott's approach to philanthropy is unusual in a number of ways. 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. Free was forced to lay off employees. FORTUNE may receive compensation for some links to products and services on this website. 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. 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. The business was teetering on the brink. That changed in December 2020. 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. Another education nonprofit, Leading Educators, got $10 million to provide professional development for teachers. Scott donated to two organizations combatting addiction: $5 million to Shatterproof and $3 million to Young People in Recovery. Offers may be subject to change without notice. Yield Givings website also appears to address another criticism that Fortune highlighted in our reporting earlier this year: Scotts lack of availability to those with good reason to seek her money, and the difficulties this lack of accessibility can cause for those shes trying to help. Scott, the ex-wife of the worlds richest person, Amazon founder Jeff Bezos (net worth nearly $200 billion), was making a transformative donation to Morgan of $40 million. She has not been transparent either about the vehicles being used for philanthropy or about the process, said Mr. Reich of Stanfords Center on Philanthropy and Civil Society. But the moment Rodriguez was waiting for came two weeks ago, when Scott donated $11 million to the group. 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 first email literally got stuck in my junk mail.. Some things Jeff Bezos can do with his $193 billion, Meta backs new tool for removing sexual images of minors posted online, Mark Zuckerberg says Meta now has a team building AI tools and personas, Whoops! 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. 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. Scotts operations have been largely shrouded in secrecy: A writer who calls herself a private person, she and her team refuse all interview requests. Ms. Scott made that pledge in 2019, after her divorce from Jeff Bezos. 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. In the last few years, they have ramped up attention to organizational culture and health to achieve maximum organizational impact. 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. Candid gets you the information you need to do good. Like her previous public letters, Ms. Scotts latest blog post was a personal reflection on privilege, need and responsibility. Staff capacity, sound fiscal policy and responsible financial management. 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. 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. We're looking at the crisis of the epidemic, the economic crisis, the climate crisis, and this moment of racial reckoning. MacKenzie Scott, the former wife of Amazon founder Jeff Bezos, is shown here in 2018. 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. Not only are nonprofits chronically underfunded, they are also chronically diverted from their work by fund-raising and by burdensome reporting requirements that donors often place on them, Ms. Scott wrote. 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. Scott also won praise from philanthropy experts for the way she donated her money: without strings attached. (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.). She said she hoped to de-emphasize privileged voices and cede focus to others.. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. Morgan State University, a historically Black public college in Baltimore that traces its roots to the year 1867, has always struggled financially. This followed an announcement. Accions Covid relief fund proved pivotal for one of their longtime customers, chef Reign Free. Her net worth, which Forbes estimates at $60 billion, keeps rising, thanks to Amazon stock. While Scott publicly announces each round on Medium, the blogging website, she does not appear to speak directly to the nonprofits. Chef Reign Free received support to keep her catering business afloat during the pandemic due to Scott's philanthropy. 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.. 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. 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. Editor's note: Updated on Feb. 22, 2022 to include a donation to National 4-H Council. You may request printed copies of these forms by contacting Client Relations at 18003870614 or at [email protected]. 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. In her latest round of donations, Ms. Scott did not list the amount she gave each organization, but her blog post included a list of those receiving funds. 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. 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. Scott, the ex-wife of the world's richest person,. She gave surprise gifts totaling $410 million to historically Black colleges and universities in December 2020 alone, adding to the nearly $6 billion she gave away last year. Women-led, Black women-led organizations tend to be at the very bottom of the pile for philanthropists, Ms. McWhorter said. "These are people who have spent years successfully advancing humanitarian aims, often without knowing whether there will be any money in their bank . Each nonprofit it will list was selected through a rigorous process, and has a strong track record of serving under-supported needs. The website unveiled this week is the result. They included well-known arts groups such as the Apollo Theater and Ballet Hispnico. (I'm still chuckling at the image for the year 2014 when the Bezoses donated a total of $2.25 million to fund clinical food allergy . GRANT APPLICATION Jacksonville's Scott R. MacKenzie Foundation offers grants for genetic research. Scott noted that all were awarded general operating support grants but did not disclose individual grant amounts. The money hit the street, he says. Unable to update subscription. 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. Her Oakland neighborhood was beset by pollution and gang violence. [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. As one organization put it, "We should be building local organizations because they will be there longer than us and will have more credibility." 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. Many only barely meet that requirement, instead hoarding their cash and giving away less than the profits they earn through investments. "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. And even fewer support organizations to restructure and shift control closer to the communities they support. 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. 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. 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. 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. Yet even as she disbursed her billions, Ms. Scott expressed some ambivalence about her fortune and the source of it, writing in a blog post that it would be better if disproportionate wealth were not concentrated in a small number of hands.. 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. Money was tight. 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