Categories
Audio Sources - Full Text Articles

MacKenzie Scott unveils website detailing her $14 billion in donations – search to see where she’s given in your neighborhood

Listen to this article
illustration of Mackenzie Scott on an orange background with money floating behind her

Marianne Ayala/Insider

  • Billionaire MacKenzie Scott’s Yield Giving website is now live.
  • The site details Scott’s $14 billion philanthropic efforts dating back to 2019.
  • Yield Giving says it plans to offer an online application for organizations to apply for a donation.

Details of MacKenzie Scott’s extensive philanthropic endeavors are now compiled on a new, searchable website Scott launched Wednesday. 

Yield Giving includes specifics on her $14 billion in donations to more than 1,600 organizations going back to 2019. The “gifts” section of the site allows users to search Scott’s donations by location, focus area, and key words.

On its homepage is an explanation of the name Yield Giving.

“Established by MacKenzie Scott to share a financial fortune created through the effort of countless people, Yield is named after a belief in adding value by giving up control,” the statement reads.

Scott’s process for finding recipients has consisted of “quiet research,” and evaluation of organizations before offering a gift “for use however they choose,” according to Yield Giving.

But, an open-call process is in the works. According to the site, an online application and details about eligibility are on Scott’s agenda for Yield Giving, and any future open calls will be focused on a few specific areas at a time. It’s unclear when these new features will be available.

Another aspect of the new website is a collection of Scott’s essays, previously published to Medium, which are mainly about her recent philanthropy. Some of Scott’s recipients include the NAACP Legal Defense and Educational Fund, the Trevor Project, and several Historically Black Colleges and Universities.

Although she’s considered one of the richest women in the world with a net worth over $20 billion, Scott has pledged to give away the majority of her fortune. She signed the Giving Pledge in 2019.

Scott divorced billionaire Jeff Bezos in 2019 after 25 years of marriage and the creation of retail giant Amazon. She  received 4% of the company’s shares as part of their divorce, according to the Wall Street Journal.

Read the original article on Business Insider
WP Radio
WP Radio
OFFLINE LIVE