Spread the word to non-profits you support!
By Fang Block
Photo: MacKenzie Scott attends a charity gala on January 6, 2018 in Hollywood, Calif. / Getty Images
Billionaire philanthropist MacKenzie Scott is launching a US$250 million “Open Call” to fund community-focused nonprofits in such initiatives as healthcare, education, housing, civic engagement, and more.
Through her organization Yield Giving, Scott plans to make unrestricted US$1 million donations to 250 nonprofits. This creates a “new pathway to support for organizations making positive change in their communities,” she said in a statement.
“Teams on the front lines of challenges have insights no one else can offer, so there are three big headlines here in my heart: Community changemakers can nominate themselves. Community changemakers get feedback from their peers. Community changemakers have a powerful role in funding decisions,” Scott said.
To apply, organizations are required to have an annual operating budget of between US$1 million and US$5 million for at least two of the last four fiscal years.
So far, she has given more than US$14 billion in unrestricted funds to about 1,600 nonprofit organizations, according to Yield Giving.
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