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Old 03-19-2024, 04:20 PM
 
Location: Seattle
8,169 posts, read 8,289,381 times
Reputation: 5986

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Article link here: https://komonews.com/news/local/mack...sE9S9OEifvIz7Q

"Billionaire philanthropist and author MacKenzie Scott announced Tuesday she is giving $640 million to 360 small nonprofits that responded to an open call for applications.

Yield Giving’s first round of donations is more than double what Scott had initially pledged to give away through the application process. Since she began giving away billions in 2019, Scott and her team have researched and selected organizations without an application process and provided them with large, unrestricted gifts.

In a brief note on her website, Scott wrote she was grateful to Lever for Change, the organization that managed the “open call,” and the evaluators for “their roles in creating this pathway to support for people working to improve access to foundational resources in their communities. They are vital agents of change.”

Some 6,353 nonprofits applied for the $1 million grants when applications opened.

“In light of the incredible work of these organizations, as judged by their peers and external panelists, the donor team decided to expand the awardee pool and the award amount," said Lever for Change, which specializes in running philanthropic prize awards.

Competitions like the open call can help organizations who do not have connections with a specific funder get considered, said Renee Karibi-Whyte, senior vice president, Rockefeller Philanthropy Advisors.

“One of the best things about prize philanthropy is that it surfaces people and organizations and institutions that otherwise wouldn’t have access to the people in the power centers and the funding,” she said. Her organization also advises funders who run competitive grants or philanthropic prize competitions to phase the application to diminish the burden of applying on any organization that is eliminated early.

The 279 nonprofits that received top scores from an external review panel were awarded $2 million, while 82 organizations in a second tier received $1 million each.

The “open call” asked for applications from nonprofits who are community-led with missions “to advance the voices and opportunities of individuals and families of meager or modest means,” Yield Giving said on its website. Only nonprofits with annual budgets between $1 and $5 million were eligible to apply.

“In a world teeming with potential and talent, the Open Call has given us an opportunity to identify, uplift, and empower transformative organizations that often remain unseen,” Cecilia Conrad, CEO of Lever for Change, said in a statement.

The awardees were selected through a multilayer process, where applicants scored fellow applicants and then the top organizations were reviewed by a panel of outside experts.

Scott has given away $16.5 billion from the fortune she came into after divorcing Amazon founder Jeff Bezos. Initially, she publicized the gifts in online blog posts, sometimes naming the organizations and sometimes not. She launched a database of her giving in December 2022, under the name Yield Giving.
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Old 03-20-2024, 06:30 PM
 
Location: Forest bathing
3,203 posts, read 2,481,894 times
Reputation: 7268
I like that she spread it out to allow more charitable uses. Bravo.
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Old 03-21-2024, 11:06 AM
 
Location: King County, WA
15,820 posts, read 6,527,022 times
Reputation: 13303
It must be nice to have that kind of money to donate to charities. But yes, very good.
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Old 03-21-2024, 12:33 PM
 
Location: North Seattle
609 posts, read 302,746 times
Reputation: 1002
Let's hope it's only wasted and not downright counterproductive.

From Pirate Wires: "MacKenzie Scott (Bezos’ ex) donated $20 million to a San Francisco housing nonprofit run by police abolitionists, and a Dean Preston aide that buys property at over market prices, means-tests the tenants, and raises the rent on those who can afford to pay it — all without a new unit ever being built. The donation apparently 20x’d the nonprofit's budget, which is how, by the way, the city is run by the actual craziest activists in our country. As it turns out, when you give these people money they tend to stick around and use it. Billionaires! They really are destroying the city, turns out."
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Old 03-21-2024, 02:09 PM
 
Location: Seattle
7,534 posts, read 17,221,758 times
Reputation: 4843
Nice bruh. When you get a billion let's talk, maybe we can help you from making the same mistake. Till then, I'ma not worry about it.
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Old 03-21-2024, 04:18 PM
 
1,494 posts, read 1,670,383 times
Reputation: 3652
Makes a nice change from the "billionaires" who just spout nonsense on social media.
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Old 04-07-2024, 02:45 PM
 
51 posts, read 261,610 times
Reputation: 35
Quote:
Originally Posted by rupp-certified View Post
Let's hope it's only wasted and not downright counterproductive.

From Pirate Wires: "MacKenzie Scott (Bezos’ ex) donated $20 million to a San Francisco housing nonprofit run by police abolitionists, and a Dean Preston aide that buys property at over market prices, means-tests the tenants, and raises the rent on those who can afford to pay it — all without a new unit ever being built. The donation apparently 20x’d the nonprofit's budget, which is how, by the way, the city is run by the actual craziest activists in our country. As it turns out, when you give these people money they tend to stick around and use it. Billionaires! They really are destroying the city, turns out."
Hmm....

https://ground.news/interest/piratewirescom

Media Bias Rating: Right
Average Factuality Rating: Low

Counter article: https://www.sfchronicle.com/sf/artic...g-18353981.php

https://ground.news/interest/sf-chronicle
Media Bias Rating: Lean Left
Average Factuality Rating: High

Although the (actual, not opinion...) facts are not disputed, the tone of the article frames it in a different light. Find biased sources, get biased reporting. Not endorsing either.
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Old 04-13-2024, 09:14 PM
 
620 posts, read 311,404 times
Reputation: 623
Quote:
Originally Posted by rjshae View Post
It must be nice to have that kind of money to donate to charities.
I would never be able to donate the way she has done regardless of how I much I might have. She has a heart of gold.
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