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WASHINGTON, Dec. 15 (AP) — Philanthropist MacKenzie Scott says her giving has brought more than $14 billion to some 1,600 nonprofits since 2019, her long-awaited Data from website Yield Giving, which was unveiled Wednesday night.
Scott also announced that she plans to introduce an “open solicitation process” that would allow nonprofits seeking her donations to send her information for evaluation. Until now, Scott and her team have secretly contacted organizations of interest and then offered unlimited donations after receiving the organization’s data.
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“Information from other people — other donors, my team, the nonprofits I’ve been giving to — has helped me tremendously,” Scott wrote in a new post. “If any more information about these gifts would be helpful to anyone, I’d like to share.”
She said the site included a database of all the gifts she made, some of which had not been previously disclosed.
This includes a $75 million donation to the Co-Impact Organization Fund, which supports gender equality and women’s leadership around the world. Scott and her then-husband, Dan Jewett, have been listed as donors to the fund, but the amount has not been disclosed. Co-Impact did not immediately respond to a request for comment.
It was also disclosed that another $40 million was donated to the nonprofit advisory group that helped Scott vet and select her donation recipients.
“While we are advisors to Scott’s philanthropy, we had no prior knowledge or involvement in the decision to name Bridgespan as a grant recipient,” Bridgespan Group said in a statement Wednesday. The group posted a statement on its website. The list of donors who will donate to it in 2022, although the organization said in a statement that it has “no practice of publishing donations”.
Nonprofits disclose information about who finances them in the tax returns they file with the IRS, which eventually becomes public. But starting in 2020, the pandemic caused delays in form processing. Scott’s disclosure of information about her donations helps to increase the transparency of her donations.
Scott promised to release the donation database in a March 2022 article, saying the site won’t go live until “it reflects the preferences of each of these nonprofit groups about how their donation details are shared.”
The Easterseals organization and its affiliates received $162 million in gifts from Scott in 2020. The group said it was not contacted by Scott’s representatives to contribute content to the site, but it had filed extensive reports about their use of the funds.
“We remain grateful for Ms. Scott’s generous philanthropy and will continue to impact the lives of people with disabilities, including veterans and seniors, through her transformational support,” Easterseals’ Sharon Watson said via email.
Habitat for Humanity International also said it had not been contacted specifically by Scott’s representatives about what was posted on the website.
Scott signed the Giving Pledge, pledging to give away more than half of her fortune, largely derived from her divorce from Amazon founder Jeff Bezos. Scott, whose net worth is currently estimated by Forbes at $27 billion, has not given any interviews about her donations, opting instead to discuss her causes in several articles she has published on Medium and now Yield Giving.
On the site, Scott writes that she and her team evaluate organizations by analyzing their “potential for sustained positive impact,” including their financials, history, measurement of outcomes, and whether they have “experienced experience in the communities they serve.” leadership representatives”.
Scott said the “open call” process she plans to launch will focus on specific types of organizations or specific locations. She plans to publish eligibility and selection criteria and publicly name the panel that evaluates applications.
“Is the site useful? Will it be misleading to say (every word) in my own way?” she wrote. “Can misunderstandings become barriers between us? Yes. Humans sometimes misunderstand each other. However, over time, each of us can help remove barriers by what we continue to choose to do.” (AP) )
(This is an unedited and auto-generated story from a Syndicated News feed, the content body may not have been modified or edited by LatestLY staff)
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