Yield Giving
{{Infobox company
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| logo = File:Yield Giving.jpg
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| type = Foundation
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| founded = July 2020 (first grants)
December 2022 (foundation)
| founder = MacKenzie Scott
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| area_served = Global
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| website = {{URL|https://yieldgiving.com}}
}}Yield Giving is an American foundation which is the primary philanthropic vehicle for MacKenzie Scott, the former wife of Amazon CEO Jeff Bezos.{{Cite web |last=Candid |title=MacKenzie Scott's Yield Giving awards $640 million for open call |url=https://philanthropynewsdigest.org/news/mackenzie-scott-s-yield-giving-awards-640-million-for-open-call |access-date=2024-09-21 |website=Philanthropy News Digest (PND) |language=en}} The organization's name is based on her philosophy of adding value in her philanthropy by giving up control to local organizations (localization).{{Cite web |title=Scott's Yield Giving Competition Awards $640 million |url=https://thenonprofittimes.com/npt_articles/breaking-scotts-yield-giving-competition-awards-640-million/ |access-date=2024-09-21 |website=The NonProfit Times |language=en-US}}
The website was launched in December 2022.{{Cite web |date=2023-01-05 |title=MacKenzie Scott Is Funding to Empower People Globally. Here's What We Know About Her Priorities {{!}} Inside Philanthropy |url=https://www.insidephilanthropy.com/home/2022-1-5-mackenzie-scott-is-funding-to-empower-people-globally-heres-what-we-know-about-her-priorities |access-date=2024-09-21 |website=www.insidephilanthropy.com |language=en-US}} At the time, Scott had already donated approximately $14 billion to around 1,600 with $1 billion of the funds directed outside the United States after her 2019 divorce.
In March 2023, Scott announced Yield Giving would launch an "open call" for community-focused nonprofits with annual budgets between $1 and $5 million that she could fund.{{cite news |last=Beaty |first=Thalia |date=March 21, 2024 |title=MacKenzie Scott donates $640 million, more than doubling her planned gifts to nonprofit applicants |url=https://apnews.com/article/mackenzie-scott-open-call-yield-giving-bezos-ae809a469080e9e61a945a14a230629e |url-status=live |archive-url=https://web.archive.org/web/20240321080845/https://apnews.com/article/mackenzie-scott-open-call-yield-giving-bezos-ae809a469080e9e61a945a14a230629e |archive-date=March 21, 2024 |access-date=March 21, 2024 |newspaper=The Associated Press}} Scott planned to make unrestricted $1 million donations to 250 nonprofits selected in the process.{{cite news |last=Gamboa |first=Glenn |date=March 21, 2023 |title=MacKenzie Scott sets new 'open call' to donate $250 million |url=https://www.washingtonpost.com/business/2023/03/21/mackenzie-scott-open-call-philanthropy/ae8cfeb8-c7f1-11ed-9cc5-a58a4f6d84cd_story.html |url-status=live |archive-url=https://archive.today/20230322173329/https://www.washingtonpost.com/business/2023/03/21/mackenzie-scott-open-call-philanthropy/ae8cfeb8-c7f1-11ed-9cc5-a58a4f6d84cd_story.html |archive-date=March 22, 2023 |access-date=March 24, 2023 |newspaper=The Washington Post}} Lever for Change announced that Scott's open call for grants prompted 6,000 applicants.{{cite news |last1=Beaty |first1=Thalia |author2=The Associated Press |date=July 19, 2023 |title=Billionaire philanthropist MacKenzie Scott sets off a frenzy for $1 million grants as over 6,000 applicants pour in for 250 slots |url=https://fortune.com/2023/07/19/billionaire-philanthropist-mackenzie-scott-open-call-grants/amp/ |url-status=live |archive-url=https://archive.today/20231222022509/https://fortune.com/2023/07/19/billionaire-philanthropist-mackenzie-scott-open-call-grants/amp/ |archive-date=December 22, 2023 |access-date=December 22, 2023 |magazine=Fortune}} Scott donated nearly $2.2 billion in 2023 to 360 organizations supporting early learning, access to affordable housing, race and gender equity, health equity, and civic and social engagement.{{Cite web |last=Liu |first=Phoebe |date=December 8, 2023 |title=MacKenzie Scott Has Donated $2.2 Billion To Charity This Year |url=https://www.forbes.com/sites/phoebeliu/2023/12/08/mackenzie-scott-has-donated-22-billion-to-charity-this-year/?sh=7b5a40d2c143 |url-status=live |archive-url=https://archive.today/20231211104026/https://www.forbes.com/sites/phoebeliu/2023/12/08/mackenzie-scott-has-donated-22-billion-to-charity-this-year/?sh=6a770485c143 |archive-date=December 11, 2023 |access-date=December 22, 2023 |website=Forbes}} As of December 2023, Scott had donated more than $16 billion to non-profit organizations.{{Cite web |last=Beaty |first=Thalia |date=December 7, 2023 |title=Philanthropist MacKenzie Scott reveals the groups that got some of her $2.1 billion in gifts in 2023 |url=https://apnews.com/article/mackenzie-scott-donations-962490e92faab36492b7481205ec7249 |url-status=live |archive-url=https://web.archive.org/web/20240116131759/https://apnews.com/article/mackenzie-scott-donations-962490e92faab36492b7481205ec7249 |archive-date=January 16, 2024 |access-date=January 16, 2024 |website=Associated Press}} On March 19, 2024, Yield Giving announced another $640 million donated to 361 small nonprofits, more than double what the original open call planned for. 279 organizations received $2 million each while 82 were given $1 million each.{{cite news |last=Halpert |first=Madeline |date=March 21, 2024 |title=MacKenzie Scott donates $640m to US non-profits |url=https://www.bbc.com/news/world-us-canada-68609687 |url-status=live |archive-url=https://archive.today/20240321114553/https://www.bbc.com/news/world-us-canada-68609687 |archive-date=March 21, 2024 |access-date=March 21, 2024 |website=BBC News}}{{cite news |last=Maruf |first=Ramishah |date=March 19, 2024 |title=MacKenzie Scott donates $640 million after open call for nonprofits |url=https://edition.cnn.com/2024/03/19/business/mackenzie-scott-donates-640-million-open-call/index.html |url-status=live |archive-url=https://web.archive.org/web/20240321082457/https://edition.cnn.com/2024/03/19/business/mackenzie-scott-donates-640-million-open-call/index.html |archive-date=March 21, 2024 |access-date=March 21, 2024 |website=CNN Business}} In March 2024, Scott's donations had reached $17.2 billion.{{Cite web |last=Gavin |first=William |date=March 20, 2024 |title=Amazon co-founder MacKenzie Scott doubles her charitable donations after Elon Musk's criticism |url=https://qz.com/mackenzie-scott-amazon-donate-philanthropy-musk-critici-1851351886 |url-status=live |archive-url=https://archive.today/20240320180714/https://qz.com/mackenzie-scott-amazon-donate-philanthropy-musk-critici-1851351886 |archive-date=March 20, 2024 |access-date=March 21, 2024 |website=Quartz}}{{Cite web |date=2024-04-04 |title=What is next for billionaire philanthropist MacKenzie Scott's giving? |url=https://apnews.com/article/mackenzie-scott-yield-giving-trust-based-philanthropy-9dd081223409de72197aee234bf43158 |access-date=2024-09-21 |website=AP News |language=en}} In December, she announced another $2 billion in donations in a blog on the Yield Giving website.{{Cite web |date=2024-12-18 |title=Philanthropist MacKenzie Scott reveals another $2 billion in donations in 2024 |url=https://apnews.com/article/mackenzie-scott-donations-billionaires-philanthropy-ad9c1b67e2ca76eb2c107ec158a4640f |access-date=2024-12-30 |website=AP News |language=en}}
References
External links
- {{official website|https://yieldgiving.com/}}