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The Latest Breaking News from MacKenzie Scott

MacKenzie Scott is shaking up philanthropy's traditions. Is that a good thing?

Donations often come with rigorous applications and reporting requirements. Billionaire MacKenzie Scott, who divorced Jeff Bezos in 2019 and vowed to give away most of her fortune, does it her way.

WEKU

Bill Gates made 2022's biggest charitable donation

Bill Gates topped The Chronicle of Philanthropy’s annual list of the 10 largest charitable gifts announced by individuals or their foundations in 2022

The Independent UK

Mackenzie Scott wasn't the only one giving away her fortune in 2022

From Mackenzie Scott to her ex-husband Jeff Bezos, here are the people who have committed billions to charity in 2022

Fortune

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How nonprofits help millions tackle their medical debt

Nikiesha Barnett had knee surgery in 2006 and took unpaid leave from her job as a Georgia hospital coordinator while she was recovering

The Independent UK

New data: MacKenzie Scott gifts prioritize The South

MacKenzie Scott is dedicating an unusually large share of her giving to nonprofits in the South — a region that megaphilanthropy and particularly tech donors have long been criticized for ignoring

The Independent UK

MacKenzie Scott, after $14 billion in giving, says she'll start allowing nonprofits to apply for her money

Scott, one of the most reclusive and generous U.S. philanthropists, appears to be addressing criticism about her lack of accessibility for legitimate nonprofits.

Fortune

New MacKenzie Scott website details $14 billion in gifts

Philanthropist MacKenzie Scott says her donations have yielded more than $14 billion in funding for about 1,600 nonprofits since 2019, according to her long-awaited website Yield Giving, unveiled Wednesday night

The Independent UK

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A sick-leave showdown at a Warren Buffett–owned company highlighted the flaws in billionaire philanthropy

A controversy at railroad BNSF reveals concerns about how Warren Buffett and other billionaire philanthropists earn their fortunes.

Fortune

Elon Musk, Ron DeSantis among finalists for Time’s 2022 Person of the Year

The finalists for Time magazine’s 2022 Person of the Year include world leaders, Iranian protesters and last year’s selection, Elon Musk.

Tribune News Service

Dallas Habitat for Humanity helps staff purchase homes

The Dallas Area Habitat for Humanity is using part of the $9 million gift it received from philanthropist MacKenzie Scott in March to provide its staff members a new employee benefit — $13,500 in the form of a forgivable loan to help with a down payment or closing costs on…

The Independent UK

MacKenzie Scott gifts CPS $25M after charter schools get millions

The “very generous donation will most certainly help change lives,” CPS spokeswoman Mary Fergus said.

Chicago Sun-Times

FTX bankruptcy is bad news for the charities that crypto mogul Sam Bankman-Fried generously supported

FTX, an exchange for trading cryptocurrencies, quickly became bankrupt and defunct in November 2022. Its founder, Sam Bankman-Fried, is broke, and the 30-year-old former billionaire could be in serious legal trouble for his alleged financial improprieties. The Conversation asked Brian Mittendorf, an accounting scholar at The Ohio State University, to…

The Conversation

Jeff Bezos steps up 'flashy' giving while ex-wife quietly donates billions

Jeff Bezos' $100 million award to Dolly Parton is something of a puzzle to Phil Buchanan, president of the Center for Effective Philanthropy.

Tribune News Service

MacKenzie Scott donations avoided feared pitfalls: New study

MacKenzie Scott’s big gifts have been a boon to the charities who received them, and widespread fears in the nonprofit world that her gifts would lead other donors to pull back their support or that small groups wouldn’t be able to handle them were largely unfounded

The Independent UK

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Chicago Sun-Times

Chicago’s Noble, LEARN charter schools receive $23 million in donations from MacKenzie Scott

In Noble’s case, the grant is the “largest unrestricted donation from a single individual” in the charter network’s history.

The Independent UK

MacKenzie Scott acknowledges another $2B in donations

Megadonor and novelist MacKenzie Scott announced almost $2 billion in donations in a short blog post Monday that emphasized her interest in supporting people from underserved communities

Fortune

Jeff Bezos is taking a page out of the Bill Gates playbook with vow to give away most of his billions

The Amazon founder said he’ll give away the fortune that made him the world’s richest man for years. He was pretty vague about how.

The Independent UK

MacKenzie Scott donates another $2bn as ex Jeff Bezos complains it is ‘hard’ to give away money

‘I gave $1,990,800,000 to 343 organizations supporting the voices and opportunities of people from underserved communities,’ Scott wrote on Medium on Monday

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The Independent UK

People react to Jeff Bezos’ pledge to give away most of his $124bn fortune: ‘You don’t have to pledge’

The Amazon founder says the ‘hard part is figuring out how’ to give away his immense fortune

The Guardian - UK

Jeff Bezos vows to give away most of fortune – and hands Dolly Parton $100m

Amazon founder wants to donate much of $124bn wealth to causes such as climate crisis and world unity

Chicago Sun-Times

Chicago nonprofit that helps people with disabilities gets $8 million gift from MacKenzie Scott

Scott, the ex-wife of Amazon founder Jeff Bezos, has donated more than $12 billion in just three years.

Chicago Sun-Times

How one bakery is celebrating Dia de los Muertos, Madigan’s quiet arraignment and more in your Chicago news roundup

Today’s update is a 5-minute read that will brief you on the day’s biggest stories.

Chicago Sun-Times

Chicago Urban League receives ‘transformational’ $6.6M donation

The gift from philanthropist MacKenzie Scott will be used to retire debt and upgrade the organization’s Bronzeville headquarters, the league’s local branch CEO says.

The Independent UK

Jeff Bezos gets philanthropy award at Vatican even as ex-wife gives away more of her fortune

Ex-wife MacKenzie Scott giving away her billions at a faster clip, according to observers

The Guardian - UK

First Thing: Biden implores US oil companies to pass on record profits

President announces release of 15m barrels of oil from strategic reserve as he fights to keep gas prices in check before midterms. Plus, why spending time with strangers can make you happy

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