Scott also announced that she plans to introduce an “open-call process” that allows nonprofits seeking donations from her to send information to her for evaluation.
FILE - In this March 4, 2018, file photo, MacKenzie Scott arrives at the Vanity Fair Oscar Party in Beverly Hills, Calif. 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, Dec. 14, 2022.
“What we have seen from a lot of big donors, big foundations, billionaires is a very top down approach that assumes that the donor knows best, that sees nonprofits sometimes in a negative light,” said Phil Buchanan, president of The Center for Effective Philanthropy, which hasScott's approach falls on the other end of the spectrum, he said,"which is to say, ‘We as donors can yield to those talented people in nonprofits working closest to communities who know best what is needed and how...
“While we are an advisor of Scott’s on her philanthropy, we did not have prior knowledge of or involvement with the decision to include Bridgespan as a grant recipient,” The Bridgespan Group said in a statement Wednesday. The group has posted a list of donors who gave to it in 2022 on its website, though it said in the statement that it does not “have a practice” of announcing donations.
On the site, Scott writes that she and her team evaluate organizations by analyzing their “potential for sustained positive impact,” including their finances, history, measurement of outcomes, and if they have “experienced leadership representative of the community served.” The anti-poverty nonprofit GiveDirectly was also aware that Scott's website would list her $60 million gift to its Project 100+ program in 2020, as the second-largest reported gift to a single organization, said Tyler Hall, GiveDirectly's director of communications. The Project 100+ program provided $1,000 payments to nearly 200,000 American households in need during the early days of the COVID-19 pandemic.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
New MacKenzie Scott website details $14 billion in giftsPhilanthropist 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. mackenziescott kprc2 click2houston
Read more »
New MacKenzie Scott website details $14 billion in gifts for almost 1,600 nonprofitsPhilanthropist MacKenzie Scott says her donations have yielded more than $14 billion in funding for about 1,600 nonprofits since 2019.
Read more »
TikTok’s Favorite Highlighter Has Finally Been RestockedBetter act fast before this $14 beauty find sells out again.
Read more »
Plaintiff whose insurer delayed surgery is awarded $14 million over opioid dependencyHealth Net was ordered to pay $14.4 million in damages after an L.A. County jury found it had delayed or denied care without proper cause.
Read more »
Here's how much money MacKenzie Scott has given away in recent yearsThe philanthropist, who is worth an estimated $27 billion, has pledged to donate more than half her wealth to charity.
Read more »