Current:Home > MarketsMacKenzie Scott donates $640 million -- more than double her initial plan -- to nonprofit applicants -Apex Capital Strategies
MacKenzie Scott donates $640 million -- more than double her initial plan -- to nonprofit applicants
PredictIQ Quantitative Think Tank Center View
Date:2025-04-06 22:06:29
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! (2523)
Related
- Sonya Massey's father decries possible release of former deputy charged with her death
- How Russia's war in Ukraine is changing the world's oil markets
- To Equitably Confront Climate Change, Cities Need to Include Public Health Agencies in Planning Adaptations
- Baltimore Aspires to ‘Zero Waste’ But Recycles Only a Tiny Fraction of its Residential Plastic
- Cincinnati Bengals quarterback Joe Burrow owns a $3 million Batmobile Tumbler
- California will cut ties with Walgreens over the company's plan to drop abortion pills
- Medical debt affects millions, and advocates push IRS, consumer agency for relief
- Russia says Moscow and Crimea hit by Ukrainian drones while Russian forces bombard Ukraine’s south
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
- Why Kristin Cavallari Is Against Son Camden, 10, Becoming a YouTube Star
Ranking
- North Carolina justices rule for restaurants in COVID
- Miranda Lambert paused a concert to call out fans taking selfies. An influencer says she was one of them.
- Tesla factory produces Cybertruck nearly 4 years after Elon Musk unveiled it
- Kick off Summer With a Major Flash Sale on Apple, Dyson, Peter Thomas Roth, Tarte, and More Top Brands
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- Russia says Moscow and Crimea hit by Ukrainian drones while Russian forces bombard Ukraine’s south
- In Three Predominantly Black North Birmingham Neighborhoods, Residents Live Inside an Environmental ‘Nightmare’
- At Haunted Mansion premiere, Disney characters replace stars amid actors strike
Recommendation
Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
The Biden Administration’s Embrace of Environmental Justice Has Made Wary Activists Willing to Believe
Phoenix shatters yet another heat record for big cities: Intense and unrelenting
Bebe Rexha Is Gonna Show You How to Clap Back at Body-Shamers
Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
Federal Reserve Chair Jerome Powell warns inflation fight will be long and bumpy
Consent farms enabled billions of illegal robocalls, feds say
5 DeSantis allies now control Disney World's special district. Here's what's next