Current:Home > FinanceEthermac|MacKenzie Scott donates $640 million -- more than double her initial plan -- to nonprofit applicants -QuantumFunds
Ethermac|MacKenzie Scott donates $640 million -- more than double her initial plan -- to nonprofit applicants
TradeEdge View
Date:2025-04-11 05:36:11
MacKenzie Scott,Ethermac 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! (55596)
Related
- Grammy nominee Teddy Swims on love, growth and embracing change
- Russian schoolgirl shoots several classmates, leaving 1 dead, before killing herself
- Taylor Swift opens up on Travis Kelce relationship, how she's 'been missing out' on football
- Watch this unsuspecting second grader introduce her Army mom as a special guest
- Warm inflation data keep S&P 500, Dow, Nasdaq under wraps before Fed meeting next week
- Former Jacksonville Jaguars employee charged with stealing $22 million from team
- Lawmakers to vote on censuring Rep. Jamaal Bowman for pulling a fire alarm in House office building
- Taylor Swift Deserves a Friendship Bracelet for Supporting Emma Stone at Movie Screening
- Former longtime South Carolina congressman John Spratt dies at 82
- MLB Winter Meetings: Free agency updates, trade rumors, Shohei Ohtani, Juan Soto news
Ranking
- Taylor Swift Eras Archive site launches on singer's 35th birthday. What is it?
- West Africa court refuses to recognize Niger’s junta, rejects request to lift coup sanctions
- Senators tackle gun violence anew while Feinstein’s ban on assault weapons fades into history
- A Danish court orders a British financier to remain in pre-trial custody on tax fraud
- Brianna LaPaglia Reveals The Meaning Behind Her "Chickenfry" Nickname
- Facebook and Instagram are steering child predators to kids, New Mexico AG alleges
- Best Holiday Gifts For Teachers That Will Score an A+
- They're not cute and fuzzy — but this book makes the case for Florida's alligators
Recommendation
Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
Hanukkah Lights 2023
A woman hurled food at a Chipotle worker. A judge sentenced the attacker to work in a fast-food restaurant
The White House is threatening the patents of high-priced drugs developed with taxpayer dollars
Hackers hit Rhode Island benefits system in major cyberattack. Personal data could be released soon
Climate talks shift into high gear. Now words and definitions matter at COP28
Halle Berry Reveals She Had “Rocky Start” Working With Angelina Jolie
From SZA to the Stone of Scone, the words that help tell the story of 2023 were often mispronounced