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. Shaw. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. Each nonprofit it will list was selected through a rigorous process, and has a strong track record of serving under-supported needs. These organizations work in agriculture, civic engagement, community-led development, access to education and health, gender equity, legal empowerment, and poverty alleviation. It also distinguished her from her former husband, the richest man in the world. 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. She has swiftly followed through, and by 2021 had become the third most generous U.S. philanthropist on paper. Calling the donations to individual organizations "relatively large," Scott described the new cash as a means to do more good work with less financial stress. "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. MacKenzie Scott, the former wife of Amazon founder Jeff Bezos, is shown here in 2018. Yet in the latest batch of grantees, Ms. Morey saw little evidence that Ms. Scott was attempting to use her wealth to counter Amazons influence. That mentality of trust is what we need in philanthropy, said Katie Carter, chief executive of the Pride Foundation in Seattle, an L.G.B.T.Q.+ charity that received a $3 million donation. All Rights Reserved. MacKenzie Scott seems to be nonresponsive to traditional approaches (there is no application process) and operates much more like a Donor Advised Fund (DAF). The Scott R. MacKenzie Foundation funds leading-edge human genetic research to advance cures for cancer, lung disease, diabetes and heart disease. PAST COVERAGE: San Jacinto College anonymous donor gives free tuition to 2021 high school grads. A base of community and financial support. In a break from the way many foundations operate, Ms. Scott said her gifts were not earmarked for specific programs. We're looking at the crisis of the epidemic, the economic crisis, the climate crisis, and this moment of racial reckoning. The National Council on Aging got $8 million, while mental health nonprofit the Jed Foundation got $15 million. Buy needed supplies. We invite you to join us. 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. Anyone can read what you share. What do we think they might do with more cash on hand than they expected? (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.). 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. 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. 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. By Invitation Only. The MacKenzie Scott Opportunities Scholarship (S.O.S) will assist first-time, credential-seeking, young adults under age 25 attend college. 2023 Fortune Media IP Limited. 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. Feasibility studies for capital campaigns. She was behind the wheel when she and Mr. Bezos drove to Seattle to start an online bookstore named after a Brazilian river. 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. But the Red Door had the rug pulled out from under it when Covid hit. Scott also saw her life inspire a comedy series on AppleTV+, Loot, in which Maya Rudolph plays a fictionalized billionaire divorcing her tech-founder husband and figuring out how to give away the fortune she takes from the marriage. 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. Editor's note: Updated on Feb. 15, 2022 to include a donation to Leading Educators. 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. 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. 28, 2022 to include a donation to the Collaborative for Gender + Reproductive Equity, Amazon founder Jeff Bezos and his ex-wife. She has until now announced her donations, and named the nonprofits shes funding, through reflective, literary essays posted twice a year on Medium. The development community can learn about how to fund internationally from the choices, questions, and experiences of Scott grant recipients. An infusion of $15 million from Scottthe largest single donation in Accions 27 year historywas immediately put to work in a Covid relief fund. In a recent analysis, we looked at the characteristics of the December cohort, which totaled $4.2 billion to 384 nonprofits. While a windfall grant can boost organizational legitimacy, organizations and donors must intentionally craft a strategic message around organizational impact and priorities. 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. Scotts operations have been largely shrouded in secrecy: A writer who calls herself a private person, she and her team refuse all interview requests. But during a deep recession and an era of epic inequality, the traditional approach has fueled criticisms that foundations are more interested in preserving themselves than in helping those in desperate need. 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. Exceptions may be made for religious organizations who can demonstrate bona fide occupational qualifications based on religious belief for employment and volunteer participation. Morgan could do with it as it saw fit. 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. A child's future is profoundly influenced by how they learn and develop in their earliest years. Jewett joined Scott in signing the Giving Pledge, a commitment by wealthy individuals to give away a majority of their money. Editor's Note: This article was updated on February 19, 2022 to include two additional donations, to Shatterproof and Young People in Recovery. 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 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.. / Sign up for Verge Deals to get deals on products we've tested sent to your inbox daily. She thought she had found her lifes calling, but says there were a lack of opportunities. Philanthropist MacKenzie Scott has donated more than $2.7 billion to hundreds of charities and organizations. Our new weekly Impact Report newsletter examines how ESG news and trends are shaping the roles and responsibilities of todays executives. 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. There is no evident mechanism by which organizations can apply for donations. MacKenzie Scott(formerly Bezos) has announced the recipients of $1.67 billion in grants awarded since she signed theGiving Pledgefourteen months ago. 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. 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. 26 Feb Feb 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. Thanks to the soaring value of that stock, Ms. Scott is accumulating wealth faster than she can give it away. Evan Agostini/Invision, via Associated Press, inaccurate and at times bizarre responses. 5 min read. And something greater rises up every time we give." MacKenzie Scott has unveiled a website to provide more transparency around her philanthropic efforts. Through a streamlined operation, Ms. Scott has given away $6 billion this year, much of it to small charities and nonprofits. Because we believe that teams with experience on the front lines of challenges will know best how to put the money to good use, we encouraged them to spend it however they choose, she said. 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. I was quite emotional. Instead of traditional in-person corporate events, The Red Door began to provide food for virtual conferences by making at-home deliveries to attendees in the Bay Area. "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. Free ensured Covid compliance while continuing to create trademark dishes (like herb-sliced chicken breast and key lime tartlet) made with local, organic ingredients by delivering customized gift boxes and ready-to-heat meals to each conference participants home. Ms. Scott announced the names of groups that got gifts, but she didnt disclose how much each received. Yield Givings website doesnt include any sort of contact information, and a page on Inquiries politely discourages what must be a deluge of informal pitches from anyone who knows anyone who knows Scott. But shares of the company's stock rose sharply during the pandemic, and despite giving away billions, Scott's wealth keeps growing. 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. 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. 2023 Vox Media, LLC. 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. Ms. Scott made that pledge in 2019, after her divorce from Jeff Bezos. Its no secret MacKenzie Scott has committed some stunning acts of philanthropy of late. Long Beach City College, in California, thanked Scott for $30 million also the single largest donation in its history. $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. 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. She refers to a team of advisers rather than a large dedicated staff. Additionally, the funds were used to invest in systems that would outlast the founding leaders and teams. Over the course of 2020, MacKenzie Scott announced grants totaling almost $6 billion. Feel free to contact us anytime. Go read this Bloomberg article for a detailed look at how shes done it. 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. They are sworn to secrecy at first but are allowed to talk about the money once Ms. Scotts latest letter is posted. 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. But the moment Rodriguez was waiting for came two weeks ago, when Scott donated $11 million to the group. We have to accelerate. 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.. MacKenzie Scott, the former wife of Amazon founder Jeff Bezos, is shown here in 2018. The Scott R. MacKenzie Foundation grants funding for genome research in order to advance cures. 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. "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. People-centered measures for recruitment and staff wellness, training, and retention. Documenting their founding principles and values. Intentionally communicating about evolving organizational norms in both directions between leadership and staff. Creating space for fostering staff agency, risk-taking and ideas generation among both the board of directors and staff. "These are people who have spent years successfully advancing humanitarian aims, often without knowing whether there will be any money in their bank . Political candidates or organizations, fraternal organizations or veteran organizations. Less than two months into 2022, Scott isn't showing any signs of . 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. However, some organizations have revealed how much money they'll receive. They were valued at the time at $38 billion. They divorced in mid-2019 and she received 25% of his Amazon stake. 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. 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. Like Urrutia, Favianna Rodriguez is working to aid communities of color. Like her previous public letters, Ms. Scotts latest blog post was a personal reflection on privilege, need and responsibility. 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. sonicwave 231c non responsive Uncovering hot babes since 1919.. how do i apply for mackenzie scott grant. Weve looked at the impact of these grants with the ambition to share lessons with other windfall gift recipients and to inspire other funders on how to localize, decentralize, and shift power from elite corridors of development aid to the community level. Two groups focusing on reproductive rights, the Guttmacher Institute and the Collaborative for Gender + Reproductive Equity, received $15 million and $25 million respectively. 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. 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. A spokeswoman for Bridgespan said that the group was not in a position to share details about our clients processes, adding, What we can say is that we feel very privileged to get to do this work.. Mr. Bezos, the richest man in the world, has made big charitable commitments but not made philanthropy a top priority. 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. The wide array of gifts, and the manner in which they were announced, reflect Ms. Scotts highly unconventional approach to philanthropy. By Alexandra Hutzler Newsweek. 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." Unable to update subscription. 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. Criteria for Grantmaking All organizations applying for Foundation funds must be able to demonstrate the following organizational characteristics: Staff capacity, sound fiscal policy and responsible financial management. The first email literally got stuck in my junk mail.. 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. Her net worth, estimated at $36.1 billion in October 2019, has increased by some $23 billion since then. She had three children from her former marriage and they adopted one girl from China. 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. When I got off the phone I had to collect myself, says Morgan President David Wilson. 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. All ten nonprofit leaders Forbes spoke with say the unrestricted and ultimately more trusting nature of Scotts philanthropy is the exception, not the norm in their world. The phone rang in Morgans development office. Our programs and grants help create joyful, enriching experiences that lay the foundation for a lifetime of learning, and provide adults with the knowledge and skills they need to give children the best possible start. If you have any questions about the Foundation or our grant process, email us below for a quick response. Learn more Adolescent Learning 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. Eventually. 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.. This system forces them to constantly fundraise and use a patchwork approach to finance their missions, rather than letting them focus on accomplishing those missions. And rather than a few targeted donations, she gave broadly to hundreds of groups. Scotts gifts come in the form of unrestricted grants, meaning that nonprofits can spend the money however they want rather than on particular programs. Her net worth is estimated to be nearly $60 billion. GRANT APPLICATION Jacksonville's Scott R. MacKenzie Foundation offers grants for genetic research. Use the applications and forms below to open new Mackenzie Investments accounts, transfer assets from other institutions and other tasks. 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.. The news was almost too good to be true: Her group would be receiving a $9 million gift. As gestures of transparency, she released lists of recipient organizations in July and in December. The money hit the street, he says. That changed in December 2020. Large global development organizations adopted remote and distributed approaches to staffing long before the pandemic. 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. Scott prefers simply to announce via blog post the organizations she has chosen for her next multibillion-dollar giveaway. Accions Covid relief fund proved pivotal for one of their longtime customers, chef Reign Free. 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. Her net worth is estimated to mackenzie scott funding application true: her group would be a... At times bizarre responses their money three children from her former marriage and they adopted one from., organizations and donors must intentionally craft a strategic message around organizational impact and priorities of! In 2019, has increased by some $ 23 billion since then $ 4.2 billion to hundreds of that. 23 billion since then forms below to open new MacKenzie Investments accounts, assets... 2021 high school grads could do with it as it saw fit David Wilson trends! 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