MacKenzie Scott has donated $19 billion. The impact? 'Transformational,' new study says
More than 2,000 nonprofits over the past six years have shown a "transformational effect," according to a new study.
She gives a lot of her money to charity.
The research examined 813 non-profit organizations that had received donations from Scott. Through data collection and interviews, the study discovered that many of these organizations were able to increase their annual budgets, buy necessary equipment and programming, and hire and fairly pay their staff, among other positive changes.
Begin your day more informed. Receive all the news you need in your email inbox every morning.
Here's how Scott's donations have impacted organizations in the United States.
Expanding our mission at Kaboom!
A non-profit organization, established in 1996, that builds playgrounds in areas that have traditionally been excluded from having them, reportedly received $14 million from Scott in 2021, according to a study. Prior to the donation, the non-profit's annual operating budget was $9 million. By the summer of 2024, Kaboom!'s operating budget had increased to $21.5 million.
Kaboom! CEO Lysa Ratliff told USA TODAY that Scott's donation was the "fuel in the tank that let us turn the organization around."
Before Scott's donation, the nonprofit relied on corporate funding to carry out one build project at a time, focusing on areas that offered free or reduced lunch programs or met the organization's income requirements. This "unhealthy" funding approach, Ratliff said, kept the organization stuck in a "perpetual trap".
After Scott's donation, Kaboom! was able to restructure its infrastructure and develop an equity priority index, which has greatly increased the organization's capacity to determine where work is needed and complete projects in more areas than before.
Before 2020, Kaboom! completed around 150 construction projects each year, according to Ratliff. This year, the organization expects to finish between 85 and 90 projects. Although the number of projects is smaller, the playgrounds are bigger in size and of better quality. On average, a pre-2020 Kaboom! playground was roughly 2,500 square feet, Ratliff said. Now, the organization is building playgrounds that are around 10,000 square feet in size with more distinctive features.
This policy was developed with the assistance of Kaboom and prohibits the use of hazardous chemicals on playground surfaces.
Providing higher-quality resources to the community and staff.
Another organization that benefited from Scott's philanthropy is the nonprofit, which received a $9 million donation from the billionaire in 2020. The organization serves eight counties and one tribal nation in southern Texas, as stated in the study.
Scott's donation enabled the South Texas Food Bank to supply a greater quantity and quality of items to its recipients, as well as improve staff compensation, according to the study.
In 2019, the food bank distributed approximately 14 million pounds of food across eight counties. In 2020, with the support of Scott's contribution, that figure rose to 26 million pounds of food, as per the study.
After the pandemic peaked, these numbers have decreased slightly, but are still higher than they were before. In the 2021-2022 fiscal year, the food bank distributed 19 million pounds of food, followed by 20 million pounds in 2022-2023 and 21 million pounds in 2023-2024, according to South Texas Food Bank CEO Alma Boubel in an interview with USA TODAY.
For the first time in decades, the food bank was able to prioritize its staff, Boubel said.
Forty-two staff members received $1,000 bonuses, the nonprofit began offering free health insurance to all staff and eight new staff members were hired, according to the study. Since the donation, around 20 employees, who earn less than $16 per hour or have a spouse who is unemployed, have also received $75 stipends every other week, Boubel said.
The food bank also used $1 million of the donation to buy new equipment, including two generators and two tractor trailers for transporting perishables, and has spent around $3 million on upgrading the food bank's facility in Laredo, Texas.
What are some other organizations that MacKenzie Scott has donated to?
Started by Scott, Yield Giving encourages other affluent individuals to donate to charitable causes.
were:
- Received twenty-five million dollars in 2022.
- Received a confidential sum in 2022
- Received five million dollars in the year 2020.
- Received eight million dollars in 2021.
- Received $1.5 million in 2021.
Who is MacKenzie Scott?
Scott, 54, is both a philanthropist and an author. She was married to Bezos from 1993 to 2019 and made significant contributions to Amazon's early success.
.
Contributing: Kelly Tyko, USA TODAY
Editor's note: This article has been updated to include new information that provides further clarity.
.
Billionaire MacKenzie Scott has donated $19 billion. The impact? "Transformational," a new study says
Posting Komentar