MacKenzie Scott is launching a $250 million “open call” for community-focused nonprofits that the billionaire philanthropist can fund.
, Scott plans to make unrestricted $1 million donations to 250 nonprofits selected in the process, which she calls a “new pathway to support for organizations making positive change in their communities.” To apply, the nonprofits must have annual operating budgets larger than $1 million, but less than $5 million for at least two of the past five years.
The open call marks the first time nonprofits can reach out to Scott for potential funding. Until now, Scott and her teamorganizations they were interested in funding first, then offered them unrestricted donations after receiving information about the group’s work and financials. “This open call is designed to empower and strengthen communities across the United States that are often overlooked,” said Cecilia Conrad, CEO of Lever for Change, an affiliate of the John D. and Catherine T. MacArthur Foundation. “We are looking for organizations that are making a meaningful difference in people’s lives. The awards will recognize teams that demonstrate the potential to make progress toward reducing disparities in health, education, economic outcomes, and other critical issues.
Scott does not discuss the reasons behind her philanthropy, beyond essays on her website. However, some experts have said the open call process is a continuation of her desire to change philanthropy.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
MacKenzie Scott sets new 'open call' to donate $250 millionMacKenzie Scott is launching a $250 million “open call” for community-focused nonprofits that the billionaire philanthropist can fund. Through her organization Yield Giving , Scott plans to make unrestricted $1 million donations to 250 nonprofits selected in the process, which she calls a “new pathway to support for organizations making positive change in their communities.” To apply, the nonprofits must have annual operating budgets larger than $1 million, but less than $5 million for at least two of the past five years.
Read more »
MacKenzie Scott’s Philanthropic Platform, Yield Giving, Announces $250 Million Open CallMacKenzie Scott’s philanthropic platform Yield Giving has announced its first open call for grantee partners.
Read more »
MacKenzie Scott sets new 'open call' to donate $250 millionMacKenzie Scott is launching a $250 million “open call” for community-focused nonprofits that the billionaire philanthropist can fund.
Read more »
MacKenzie Scott launches new 'open call' to donate $250 million to nonprofitsSince 2019, when she pledged to donate the majority of her wealth, MacKenzie Scott has given more than $14 billion in unrestricted funds to 1,600 nonprofits.
Read more »
Credit Suisse Bond-Wipeout Threatens $250 Billion MarketCredit Suisse’s merger with UBS will wipe out the bank’s riskiest bonds known as AT1s. What they are and why their write down matters for other European banks.
Read more »