MacKenzie Scott’s quest to give the bulk of her wealth to charity continues. So far this year, 17 nonprofits have announced they’ve received unrestricted donations from Scott through her Yield Giving fund, according to a Chronicle of Philanthropy tally.
“It was in our best interest to announce this donation and to share the victory with our peers in the movement,” says Sean McCarthy, who manages donor relations at the National Housing Trust. The affordable housing group landed a $10 million gift from Scott last month, its largest donation to date. “We view this gift as a vote of confidence.”
“The reality is that this is a very large problem that we’re trying to solve. There’s a shortage of over 7 million affordable homes here in the United States alone, and so when we decided to publish this, we wanted to ensure that we weren’t sharing that we now have all the resources we need to pursue our mission,” McCarthy says. “We’re still in need of support from a variety of sources.”
Scott launched Yield Giving’s website in December to answer the nonprofit world’s call for more transparency. The site names groups that received gifts and, in some cases, the amount they got. But it hasn’t been updated since last year, so it’s unclear exactly how many gifts she has made this year. That has left the philanthropy world wondering what to make of Scott’s latest donations.
Some wealthy donors give anonymously because they want privacy and, like Scott, want people to focus on the work of the nonprofit they support. Others are willing to forgo some privacy because they know attaching their name to a large donation encourages their peers to support that charity. Rosqueta says Scott is just one of many high-profile philanthropists who have attempted over the years to shift attention to the organizations they support. While Scott’s attempts to deflect attention haven’t worked, Rosqueta says, they have generated a healthy debate about where attention should be directed.
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