Connect with us

Hi, what are you looking for?

Top Stories

MacKenzie Scott Donates $7.1 Billion to Nonprofits in 2025

UPDATE: Philanthropist and author MacKenzie Scott has announced a groundbreaking $7.1 billion in donations to nonprofits for 2025, a dramatic increase from her previous years of giving. This significant surge in charitable giving highlights Scott’s commitment to supporting communities in need and comes at a time when many organizations are struggling for funds.

In an essay published on her website today, Scott stated, “This dollar total will likely be reported in the news, but any dollar amount is a vanishingly tiny fraction of the personal expressions of care being shared into communities this year.” This year’s contributions follow her earlier donations of $2.6 billion in 2024 and $2.1 billion in 2023, bringing her total charitable contributions since 2019 to an astonishing $26.3 billion.

Scott’s philanthropic approach is notable for its unrestricted nature, allowing nonprofits to utilize the funds as they deem necessary. Her giving has captured widespread attention, as it often exceeds the annual budgets of recipient organizations. Currently, Scott’s net worth stands at approximately $33 billion, primarily derived from her shares in Amazon following her divorce from founder Jeff Bezos.

Earlier today, historically Black colleges and universities (HBCUs) announced they have collectively received $783 million from Scott in 2025, showcasing her focus on equity in education. Research from Marybeth Gasman, a professor at Rutgers University, highlights that this year’s contributions to HBCUs surpass her previous donations in 2020.

Scott’s donations are particularly impactful as they come without the typical requirements for reporting or specific project applications, setting her apart from conventional donors. For instance, UNCF, the largest provider of scholarships to minority students, received $70 million from Scott, which will be invested in a collective endowment for HBCUs. Additionally, the Native Forward Scholars Fund has also benefited from a $50 million donation.

Scott’s unique approach has allowed organizations to focus on their missions without the burden of strict accountability. The Center for Effective Philanthropy found in a recent study that recipients of Scott’s donations have effectively managed the funds without facing significant challenges.

In a powerful statement, Kim Mazzuca, CEO of the California-based nonprofit 10,000 Degrees, expressed her joy upon receiving a first-time gift of $42 million from Scott earlier this year. Mazzuca explained that this unexpected funding, which is nearly double their annual budget, will enable the organization to expand its scholarship and mentoring programs for low-income students.

Scott has consistently emphasized the importance of recognizing one’s agency in creating change. She referenced a prophecy from the Hopi Tribe, stating, “We are the ones we’ve been waiting for,” a sentiment echoed by Mazzuca as a source of empowerment for her organization and the students they support.

This latest surge in donations comes as Scott continues to shift her focus towards “mission-aligned” investments, supporting initiatives that seek to create a positive social impact rather than maximizing financial returns.

As Scott’s 2025 donations demonstrate her unwavering commitment to philanthropy, the landscape of charitable giving may undergo significant changes. Donors and nonprofits alike will be watching closely as Scott’s approach inspires others to reconsider how they support their communities.

For more updates on philanthropy and nonprofit initiatives, stay tuned.

You May Also Like

Technology

Tesla (TSLA) recently reported a year-over-year drop in second-quarter deliveries, yet the market responded with optimism, pushing the stock up by 5%. This unexpected...

Health

The All England Lawn Tennis Club in London experienced its hottest-ever opening day on Monday, as the prestigious Wimbledon tournament kicked off under unprecedented...

Sports

The Chicago Cubs will enter the National League Wild Card Series following a disappointing sweep by the Cincinnati Reds this week. This outcome not...

Entertainment

tvN’s new series, Bon Appétit, Your Majesty, has quickly captured the spotlight, dominating the buzzworthy rankings for dramas and actors this week. In its...

Politics

On August 29, 2023, U.S. Attorney General Pamela Bondi announced the immediate termination of a Department of Justice (DOJ) employee due to inappropriate conduct...

Technology

In a bold reimagining of the DC Universe, director James Gunn has introduced a significant narrative element in his latest film, which reveals that...

Entertainment

A new documentary series titled “Animals on Drugs” is set to premiere on the Discovery Channel on July 28, 2023. The three-part series follows...

World

NATO has introduced a new language manual advising its personnel to adopt gender-inclusive terms, sparking considerable debate. The manual suggests replacing traditional terms like...

Science

Look out, daters: a new toxic relationship trend is sweeping through the romantic world, leaving many baffled and heartbroken. Known as “Banksying,” this phenomenon...

Entertainment

The upcoming premiere of the documentary Color Beyond the Lines will shed light on the critical fight for school desegregation in Western North Carolina....

Business

The city of New Orleans is exploring options for enhanced public safety through potential federal assistance, particularly in collaboration with the Louisiana National Guard....

Technology

Former Speaker of the House Nancy Pelosi has recently made headlines with her latest investment in the tech sector. According to official filings, she...

Entertainment

The vibrant city of New Orleans is set to host the highly anticipated **NOCHI 2025** event, celebrating the culinary arts and the rich cultural...

Business

YHB Investment Advisors Inc. has decreased its holdings in the Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF (NYSEARCA:GSLC) by 7.4% during the second...

Top Stories

UPDATE: In a shocking display of dominance, No. 19 Indiana obliterated No. 9 Illinois 63-10 Saturday night in Bloomington, marking its first victory over...

Entertainment

Netflix’s eagerly anticipated talent competition Building the Band is set to premiere on July 9, promising an emotional journey for viewers. This series, centered...

Copyright © All rights reserved. This website provides general news and educational content for informational purposes only. While we strive for accuracy, we do not guarantee the completeness or reliability of the information presented. The content should not be considered professional advice of any kind. Readers are encouraged to verify facts and consult appropriate experts when needed. We are not responsible for any loss or inconvenience resulting from the use of information on this site.