‘Tis the season, and MacKenzie Scott is no Scrooge. Formerly the richest woman in the world, Scott is speeding along on her mission to redistribute her wealth and make a difference. The philanthropist’s newest donation: over $2 million to a small nonprofit in Cincinnati.
Town’s Crossroad Well being Heart, which affords medical help with the goal of holding care “accessible and affordable” for all, lately acquired a whopping $2.2 million grant from Scott. Whereas her basis, Yield Giving, has been seeking applications from nonprofits, the small faith-based group by no means utilized for funding, reported Liz Engel for the Cincinnati Business Courier.
The nonprofit’s CEO, Jamie Berrens, informed Engel he initially thought the e-mail he acquired about the excellent news was spam. The reward is value a few decade of donations for the nonprofit, he mentioned.
“I’m still stunned by it,” he added. “It was to the point you almost still didn’t believe it until you actually saw the money go into your account. It’s so incredibly valuable, it’s hard to put into words.”
The nonprofit saved mum concerning the sizable reward till the Yield Giving crew made a proper announcement this month. Whereas the group continues to be determining the place cash will go, Berrens informed Engel he needs to do “something great” with it. They’re seeking to higher their packages, probably create a brand new one, and to relocate the nonprofit to a brand new house.
It’s not out of character for Scott to present such a giant reward to a small nonprofit. After she acquired a 4% stake in Amazon following her divorce from Jeff Bezos in 2019, Scott signed the Giving Pledge. She joined many billionaires in promising to present away most of her fortune, which stands at an estimated $40 billion today.
Scott has donated $16.5 billion to over 1,600 charities since then, together with Lady Scouts, United Approach Worldwide, and Proper to the Metropolis Alliance. She has donated $2 billion to 360 organizations this yr alone, per the Yield Giving web site, which was created this yr partly due to calls for for greater transparency within the nonprofit world.
A present goes an particularly good distance in the case of smaller nonprofits. “MacKenzie Scott feels the people who are the boots on the ground know what’s best,” Berrens mentioned.
Notoriously non-public, Scott has made a reputation for herself for her philanthropic donations. “There are lots of resources each of us can pull from our safes to share with others,” she wrote within the Giving Pledge. “And something greater rises up every time we give.”
