Mackenzie Scott Awards More Than $150 Million in Housing Grants

A windfall of housing and financial development grants totaling more than $150 million were awarded by philanthropist MacKenzie Scott this fall.

While the Giving Pledge signatory has not yet made her annual grant announcement through her philanthropic vehicle, Yield Giving, several nonprofits confirmed the donations through announcements of their own. Scott awarded at least seven unrestricted gifts, including $65 million to Local Initiatives Support Corporation, the largest contribution in the organization’s history; $65 million to Enterprise Community Partners; $40 million to Corporation for Supportive Housing; $15 million to Coastal Enterprises, Inc; $22 million to Nonprofit Finance Fund; $15 million to Craft3; and $10 million to Access to Capital for Entrepreneurs in Atlanta.

The gifts come on the heels of Scott selling 61.66 million shares of her Amazon stock—worth at least $8 billion—according to a filing with the Securities and Exchange Commission reported by the NonProfit Times.

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Source: Candid