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MacKenzie Scott Donates $436 Million to Habitat for Humanity, Continuing Her Giving Spree Since Divorce

MacKenzie Scott and Dan Jewett, Giving Pledge

Philanthropist MacKenzie Scott, the ex-wife of Amazon founder Jeff Bezos, has donated $436 million to Habitat for Humanity.

Calling it a “transformational donation”, Jonathan Reckford, CEO of Habitat for Humanity International, mentioned:

“This incredibly generous gift will allow us to dramatically increase capacity and implement programs that will have a multi-generational impact on communities around the U.S. and our global mission for many years to come.”

Ms. Scott has given away $8 billion prior to now two years to tons of of charities, after a divorce from Jeff Bezos left her with 4% of Amazon’s shares. She has signed the Giving Pledge, via which many billionaires have promised to donate greater than half their wealth.

84 Habitat associates within the U.S. will obtain the majority of the donation, whereas the International nonprofit will use its $25 million portion to basically enhance the provision of reasonably priced housing, and advocate for coverage proposals and laws that allow entry to reasonably priced housing via its Cost of Home marketing campaign.

LOOK: On ninety fifth Birthday, Jimmy Carter is Still Proving Age is No Obstacle as He Builds Homes for Humanity

Funding additionally might be used to advance analysis and measurement efforts to determine greatest practices in areas equivalent to preserving residence affordability and housing innovation, and to discover how new and present packages result in higher outcomes for people and households.

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Additionally, the unrestricted presents help the nonprofit’s international work via the group’s tithe program. U.S. Habitat organizations tithed almost US$14 million to help Habitat’s work all over the world final yr, and the Tithe International Disasters Fund has already dedicated $200,000 in help of Habitat’s preliminary response to refugees fleeing Ukraine.

Jimmy Carter – Photo credit score: Habitat for Humanity web site

Since its founding in 1976, the Christian housing group, for which former US president Jimmy Carter has supplied numerous days of handbook labor along with his hammer, has expanded to all 50 states within the U.S. and in additional than 70 nations. habitat.org

Families and people who want a hand-up associate with Habitat to construct or renovate their very own houses alongside volunteers—they usually all the time pay an reasonably priced mortgage, which helps to construct extra housing for others.

MORE: Warren Buffett Gives Another $4.1 Billion to Charity as ‘World’s Most Successful Investor’

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