MacKenzie Scott Donates $60 Million to Disaster Philanthropy Center
MacKenzie Scott has made a significant contribution of $60 million to the Center for Disaster Philanthropy (CDP), as announced by the nonprofit on Tuesday. This donation is the largest that CDP has ever received and ranks among the most substantial donations Scott has made to any organization.
Transformative Impact on Disaster Relief
Patricia McIlreavy, president and CEO of CDP, referred to Scott’s donation as a “transformative investment.” The funds will enhance the nonprofit’s capacity to support communities in effectively recovering from disasters. This comes at a crucial time when climate-related disasters are increasing in frequency and financial impact.
A Nonprofit’s Mission
Founded in 2010, CDP provides guidance and resources to enhance the effectiveness of donations aimed at aiding communities affected by climate disasters. The organization prioritizes long-term recovery strategies that are often overlooked in the immediate aftermath of such events.
Significance of the Donation
- The $60 million will be allocated to improving disaster preparedness.
- Funds will address the fundamental vulnerabilities of communities to hazards.
- Support for long-term recovery initiatives is included.
Scott’s wealth, estimated at around $34 billion by Forbes, primarily stems from Amazon shares acquired post-divorce from Jeff Bezos. Notably, she has committed to giving away at least half of her wealth, having already donated over $19 billion since 2019.
Freedom in Philanthropy
Scott is recognized for her unique approach to philanthropy. She often provides unrestricted funds, allowing organizations like CDP to allocate resources where they are most needed, including operational costs. McIlreavy expressed her surprise upon learning about the generous donation, which she received via a telephone call in September.
Context of Increasing Disasters
The timing of Scott’s donation aligns with alarming statistics on increasing climate disasters. This year alone, the U.S. has encountered over 14 incidents causing damages exceeding $1 billion, totaling approximately $101.4 billion. Furthermore, the ongoing uncertainty regarding federal disaster response funding adds to the challenges faced by recovering communities.
Broader Impact of Scott’s Philanthropy
Throughout October, Scott has made headlines for her numerous donations to various nonprofits, including $40 million to the African American Cultural Heritage Action Fund and $70 million to UNCF, a major provider of scholarships for minority students.
Her recent essay on her website, Yield Giving, emphasizes the importance of collective acts of kindness. Scott advocates for a broader, more inclusive view of philanthropy that extends beyond large monetary gifts.
As climate disasters continue to challenge communities nationwide, Scott’s contribution to the Center for Disaster Philanthropy stands as a pivotal investment in both immediate recovery and long-term resilience.
