Yield Giving

Last updated
Yield Giving
Company typeFoundation
FoundedJuly 2020 (first grants) December 2022 (foundation)
Founder MacKenzie Scott
Area served
Global
Website 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. [1] The organization's name is based on her philosophy of adding value in her philanthropy by giving up control to local organizations (localization). [2]

The website was launched in December 2022. [3] 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. [3]

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. [4] Scott planned to make unrestricted $1 million donations to 250 nonprofits selected in the process. [5] Lever for Change announced that Scott's open call for grants prompted 6,000 applicants. [6] 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. [7] As of December 2023, Scott had donated more than $16 billion to non-profit organizations. [8] 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. [9] 279 organizations received $2 million each while 82 were given $1 million each. [9] [10] In March 2024, Scott's donations had reached $17.2 billion. [11] [12] In December, she announced another $2 billion in donations in a blog on the Yield Giving website. [13]

According to official announcements from historically Black colleges and universities (HBCUs) and the United Negro College Fund (UNCF), Scott has donated about $1.06 billion to support HBCUs between 2020 and 2025. [14] [15]

References

  1. ↑ Candid. "MacKenzie Scott's Yield Giving awards $640 million for open call". Philanthropy News Digest (PND). Retrieved 2024-09-21.
  2. ↑ "Scott's Yield Giving Competition Awards $640 million". The NonProfit Times. Retrieved 2024-09-21.
  3. 1 2 "MacKenzie Scott Is Funding to Empower People Globally. Here's What We Know About Her Priorities | Inside Philanthropy". www.insidephilanthropy.com. 2023-01-05. Retrieved 2024-09-21.
  4. ↑ Beaty, Thalia (March 21, 2024). "MacKenzie Scott donates $640 million, more than doubling her planned gifts to nonprofit applicants". The Associated Press . Archived from the original on March 21, 2024. Retrieved March 21, 2024.
  5. ↑ Gamboa, Glenn (March 21, 2023). "MacKenzie Scott sets new 'open call' to donate $250 million". The Washington Post . Archived from the original on March 22, 2023. Retrieved March 24, 2023.
  6. ↑ Beaty, Thalia; The Associated Press (July 19, 2023). "Billionaire philanthropist MacKenzie Scott sets off a frenzy for $1 million grants as over 6,000 applicants pour in for 250 slots". Fortune . Archived from the original on December 22, 2023. Retrieved December 22, 2023.
  7. ↑ Liu, Phoebe (December 8, 2023). "MacKenzie Scott Has Donated $2.2 Billion To Charity This Year". Forbes. Archived from the original on December 11, 2023. Retrieved December 22, 2023.
  8. ↑ Beaty, Thalia (December 7, 2023). "Philanthropist MacKenzie Scott reveals the groups that got some of her $2.1 billion in gifts in 2023". Associated Press . Archived from the original on January 16, 2024. Retrieved January 16, 2024.
  9. 1 2 Halpert, Madeline (March 21, 2024). "MacKenzie Scott donates $640m to US non-profits". BBC News . Archived from the original on March 21, 2024. Retrieved March 21, 2024.
  10. ↑ Maruf, Ramishah (March 19, 2024). "MacKenzie Scott donates $640 million after open call for nonprofits". CNN Business . Archived from the original on March 21, 2024. Retrieved March 21, 2024.
  11. ↑ Gavin, William (March 20, 2024). "Amazon co-founder MacKenzie Scott doubles her charitable donations after Elon Musk's criticism". Quartz. Archived from the original on March 20, 2024. Retrieved March 21, 2024.
  12. ↑ "What is next for billionaire philanthropist MacKenzie Scott's giving?". AP News. 2024-04-04. Retrieved 2024-09-21.
  13. ↑ "Philanthropist MacKenzie Scott reveals another $2 billion in donations in 2024". AP News. 2024-12-18. Retrieved 2024-12-30.
  14. ↑ "Billionaire MacKenzie Scott Donates $1.06 Billion to Support HBCUs". Stay Inspired News. November 4, 2025. Retrieved November 5, 2025.
  15. ↑ "Transformative $70 Million Gift Supports UNCF's $1 Billion Capital Campaign". UNCF . September 25, 2025. Retrieved November 5, 2025.
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