Yield Giving

Yield Giving is an American foundation which is the primary philanthropic vehicle for MacKenzie Scott, the former wife of Amazon CEO Jeff Bezos. The organization's name is based on her philosophy of adding value in her philanthropy by giving up control to local organizations (localization).

The website was launched in December 2022. 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.

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

References

External links

* {{official website, https://yieldgiving.com/

Foundations based in the United States
Organizations established in 2023