It also promises an upcoming open-call process to introduce an additional pathway for information about organizations to reach us. The open calls will focus on one or more specific themes, geographies, and types of organizations at a time, according to the website. Mackenzie Investments Charitable Foundation grants in 2018: $801,000 35 charities received grants in 2018 Largest grant to a partner charity in 2018: $50,000 Our Partner Charities The Foundation focuses on giving high-impact grants to charities across the country, with a special focus on organizations that help children and youth at risk. Among the recipients are more than 220 organizations operating globally, half of which are based outside the United States. Through a streamlined operation, Ms. Scott has given away $6 billion this year, much of it to small charities and nonprofits. Gloria C. MacKenzie Foundation Seeks Grantees If your organization is interested in applying for a grant, we invite you to proceed with our grant application process. They were valued at the time at $38 billion. 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.. Notably, Scott didnt publicly announce these donations herself, as she has done in the past. Philanthropist MacKenzie Scott has announced details of the more than $3.86 billion in gifts she has awarded since June of 2021. Who Can Apply for a Grant? Corporate events, the companys bread and butter, dried up overnight. Additionally, the National 4-H Council, an agriculturally focused youth organization, received $50 million. Where Scott grant recipients chose to spend their unrestricted grants offers clues about the areas of global development that have historically been underfunded.. Many big-time donors, he said, model themselves off of venture capitalism and take an extremely aggressive approach in terms of monitoring the performance of grant recipients. Scott prefers simply to announce via blog post the organizations she has chosen for her next multibillion-dollar giveaway. In each post, Scott includes a short essay explaining her view on philanthropy alongside the list of groups receiving funds. 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. A significant amount was granted to organisations focused on issues of equity, with noteworthy support to leaders of colour and those identifying as LGBTQIA+. 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. The first email literally got stuck in my junk mail.. But a new Bloomberg report makes excellent use of a visual timeline to provide some perspective on just how much more generous Scott has been with her money compared to her ex-husband Jeff Bezos: Since their divorcein 2019, shes become one of themost consequential philanthropists of her generation. Ms. Scott is working on her giving with the Bridgespan Group, a nonprofit organization in Boston that advises charities and philanthropies, including those set up by Mr. Gates and Michael Bloomberg, as well as the Ford and Rockefeller foundations. But the $2.74 billion in gifts, announced just six months after that windfall, firmly establishes her as the most generous and influential philanthropist working today. She thought she had found her lifes calling, but says there were a lack of opportunities. Anyone can read what you share. She seems to have a handle on how to do the most good as directly as possible. To subscribe, select any of the newsletters listed below. By Alexandra Hutzler Newsweek. 26 Feb Feb Billionaire philanthropist MacKenzie Scott and her husband, Dan Jewett, have given away nearly $3.9 billion in grants to 465 organizations including several that are providing humanitarian. We learned that organizations navigated tough decisions around saving vs. spending balancing the need to create financial sustainability vehicles, such as endowments and setting funds aside for innovation, alongside urgent spending to attend to growing needs amid the pandemic. General operating support for organizations. A large, unrestricted grant can shift an organizations position providing greater visibility, more opportunities to influence the fields direction, and greater legitimacy with donors. Crypto company Gemini is having some trouble with fraud, Some Pixel phones are crashing after playing a certain YouTube video. The scholarship is need based and will fund up to $2,000 per student. Favianna Rodriguez, who received $11 million from Scott, says Scott's giving is a redistribution of wealth. For global south organizations in the cohort that had rarely received unrestricted funds, using this grant to build stronger, more flexible and more diverse revenue streams was a top priority. "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. Her main expression of that critique is giving away so much money so quickly, and supporting so many bottom-up organizations, Mr. Callahan said. It appears that Scott is taking that kind of feedback to heartand, as she has so often done over her relatively short philanthropic career, has quickly changed course to build a better approach. If you want to have a leading voice in addressing inequality, you have to address Amazons profit maximization in the private sector.. Forbes takes the position that people with billions of dollars at their disposal warrant more scrutiny than average Americans because of the power that money wields. Power deserves scrutiny.. Offers may be subject to change without notice. She has this anti-elite approach to philanthropy. Email to ctucker@scottrmackenziefoundation.com or mail to 2518 Park Street, Suite 2, Jacksonville, FL 32204. Florida International University is receiving the same amount. please try again later. 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. Since colleges and universities began shuttering their campuses, our students have faced incredible challenges, from losing safe housing after campus closures to losing jobs and income. Women dont like to splash their names on buildings, in general.. 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.. Shes moved extraordinary sums out the door, quickly, in an anti-paternalistic way, said Rob Reich, co-director of the Center on Philanthropy and Civil Society at Stanford. (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.). Editor's note: Updated on Feb. 22, 2022 to include a donation to National 4-H Council. Little is known about how Ms. Scott selects her grantees, and there is no formal method for groups to apply for funds. | Chattanooga Web Design by Strafire. Instead, they say, big donations come with the understanding that the money be used for specific purposes and programs. A base of community and financial support. After calls for more transparency, in December Scott wrote that she hopes to launch a website with a searchable grants database this year. They are sworn to secrecy at first but are allowed to talk about the money once Ms. Scotts latest letter is posted. While many donors want scale, few offer space to experiment and learn or to deepen community impact. She has not been transparent either about the vehicles being used for philanthropy or about the process, said Mr. Reich of Stanfords Center on Philanthropy and Civil Society. FORTUNE may receive compensation for some links to products and services on this website. The website dropped at the end of a year in which Scott became more famous than ever, despite her shying from the spotlight, and not always for her donations. Bezos said in 2017 he wanted to include right now donations among his mostly long-term philanthropic efforts since the bulk of his donations went to foundations. Thanks to the soaring value of that stock, Ms. Scott is accumulating wealth faster than she can give it away. Scott also won praise from philanthropy experts for the way she donated her money: without strings attached. For a complete list of grant recipients, see Scotts Medium post. In her divorce from Bezos, Scott received a 4% stake in Amazon. Over the course of 2020, MacKenzie Scott announced grants totaling almost $6 billion. Charitable groups applauded the unconditional nature of Ms. Scotts gifts. 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. The unrestricted grants offered organizations space to learn and experiment lessons that can be shared to uplift an entire field. She has until now announced her donations, and named the nonprofits shes funding, through reflective, literary essays posted twice a year on Medium. The website unveiled this week is the result. 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. If he needs some pointers on how to have a meaningful impact with his gigantic fortune, he could do a lot worse than to take a few tips from his ex. The billionaire philanthropist has so far given away more than $8 billion of her fortune in three rounds of funding. As part of their split, she received 4 percent of the outstanding shares of Amazon. Yet even as she disbursed her billions, Ms. Scott expressed some ambivalence about her fortune and the source of it, writing in a blog post that it would be better if disproportionate wealth were not concentrated in a small number of hands.. In her latest round of donations, Ms. Scott did not list the amount she gave each organization, but her blog post included a list of those receiving funds. Please Note: We are NOT MacKenzie Scott or Dan Jewett. 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. Scott's approach to philanthropy is unusual in a number of ways. 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. MacKenzie Scott Announces $4.2 Billion More in Charitable Giving "She's disrupting the norms around billionaire philanthropy by moving quickly," an expert on charities said. 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. Please do not submit any medical/patient information or other private information through this form. Philanthropist MacKenzie Scott has announced details of the more than $3.86 billion in gifts she has awarded since June of 2021.. Over the past nine months, Scott has awarded grants to 465 nonprofits. 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