MacKenzie Scott, who co-founded Amazon, originally planned to grant $250 million, but expanded the awardee pool after receiving so many impressive applications.
Billionaire philanthropist and Amazon co-founder MacKenzie Scott announced Tuesday that she has donated another $640 million of her fortune to hundreds of nonprofit organizations.Scott has already given billions to charity, but she changed her approach slightly for this most recent round of donations. For the first time, she set up an open call for nonprofits to directly apply for a gift through her organization, Yield Giving.
But, because of the impressive applications they got, evaluators decided to expand the awardee pool and how much they would receive: 279 organizations were gifted $2 million each, while 82 others were given $1 million each, Yield Giving said.'The Open Call awardees are all making positive change in their communities by reducing disparities in economic outcomes, education, health, and other critical issues,' the organization said.
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