"The billionaire philanthropist's eye-watering gift was the single largest contribution in the college's history, which dates back to 1901, the school recently announced in a Facebook post. Scott acquired much of her $38.9 billion fortune from her 2019 divorce from Amazon founder Jeff Bezos, and she since has pledged to give away most of her wealth through her organization Yield Giving. So far, she's donated well over $19 billion across thousands of organizations, focused on issues including DEI, education, disaster recovery, and more."
"Scott's gifts are often large, unrestricted, and don't have a specified timeframe in which they need to be spent. Over the past few months, she has expanded her gifts to higher education, with over $740 million given to over a dozen historically Black colleges [HBCUs] and universities including Howard University and Morgan State University. Scott also signed The Giving Pledge in 2019-a philanthropic initiative launched by Bill Gates and Melinda French Gates and Warren Buffe"
MacKenzie Scott made the single largest gift in the college's history, providing an unrestricted donation to be allocated as the college deems best. Scott accumulated much of a $38.9 billion fortune after a 2019 divorce and has pledged to give away most of her wealth through Yield Giving, donating over $19 billion so far to thousands of organizations addressing DEI, education, and disaster recovery. About 80% of the college's students receive financial aid or scholarships, and 75% graduate with zero debt. The unrestricted donation will create new scholarships and programs while additional donor support remains necessary.
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