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Yield Giving is an American foundation which is the primary philanthropic vehicle for MacKenzie Scott, the former wife of Amazon CEO Jeff Bezos. [1] The organization's name is based on her philosophy of adding value in her philanthropy by giving up control to local organizations (localization). [2] The website was launched in December 2022. [3]
Philanthropist MacKenzie Scott is giving away $640 million to 361 nonprofits, her organization — Yield Giving — and Lever for Change announced Tuesday, after an open call for applicants.
The name Yield Giving comes from the belief of adding value by giving up control. Since its founding, the organization has granted over $17,300,000,000 to more than 2,300 nonprofits.
The awarded organizations focus on a variety of causes including access to healthcare, environmental justice, humanitarian assistance and more.
In the United States, a donor-advised fund (commonly called a DAF) is a charitable giving vehicle administered by a public charity created to manage charitable donations on behalf of organizations, families, or individuals. To participate in a donor-advised fund, a donating individual or organization opens an account in the fund and deposits ...
After retiring from his role at Microsoft, Steve Ballmer decided to join his wife, Connie, in philanthropy, and the two co-founded the Ballmer Group in 2015. [2] [3] [4]At the start of his philanthropic work, Ballmer wanted to understand how much the government was actually helping disadvantaged children and set up Ballmer Group to help children, especially those from the lowest economic ...
Giving, whether through charitable donations or creating a legacy for your family, can also become a priority. Consulting a financial specialist can help you understand the best ways to make your ...
On cash and voucher assistance, conflicting statements were made simultaneously mentioning the benefits of giving people with humanitarian needs cash, but without setting any specific targets, and also calling for more research into benefits and risks. Parties agreed to reduce duplication and management costs; to harmonise the templates for ...