MacKenzie Scott gives $60 million to the Center for Disaster Philanthropy

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FILE - Billionaire philanthropist MacKenzie Scott arrives at the Vanity Fair Oscar Party, March 4, 2018, in Beverly Hills, Calif.FILE - Billionaire philanthropist MacKenzie Scott arrives at the Vanity Fair Oscar Party, March 4, 2018, in Beverly Hills, Calif. Photo by Evan Agostini /Evan Agostini/Invision/AP

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MacKenzie Scott, one of the world’s richest women and most influential philanthropists, has donated $60 million to the Center for Disaster Philanthropy, according to a Tuesday announcement from the nonprofit.

Financial Post

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The donation is among the largest single gifts Scott, the ex-wife of Amazon founder Jeff Bezos, has made to a nonprofit, and the largest the Center for Disaster Philanthropy has ever received.

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Patricia McIlreavy, CDP president and CEO, called the gift a “transformative investment” that would help the nonprofit “strengthen the ability of communities to withstand and equitably recover from disasters.”

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The gift comes at a time when climate disasters are becoming more frequent and costly and as President Donald Trump stokes uncertainty about how much federal support communities will receive to recover from future emergencies.

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Founded in 2010, CDP offers advice and resources to donors seeking to maximize their impact on communities recovering from climate disasters and other crises. The organization emphasizes medium- and long-term recovery, two oft-neglected phases of disaster response.

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CDP also does its own disaster giving, including through its Atlantic Hurricane Season Recovery Fund which will soon support Hurricane Melissa recovery in the Caribbean, according to the group.

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The $60 million grant would go toward “improving disaster preparedness, addressing the root causes of vulnerabilities to hazards and providing vital resources for the long-term recovery of disaster-affected communities,” according to a CDP statement.

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Scott, 55, amassed most of her wealth through shares of Amazon that she acquired after her divorce from the company’s founder and executive chairman, Jeff Bezos. Forbes estimates her current wealth to be about $34 billion.

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Soon after her divorce, Scott signed the Giving Pledge, promising to give away at least half of her wealth throughout her lifetime. She has donated more than $19 billion since 2019.

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The author of two novels is known for her quiet and trust-based giving. Scott rarely comments on her donations apart from sporadic essays published on her website, Yield Giving.

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Nonprofits are often surprised to learn they are receiving one of her grants, which come without restrictions on how groups can use the money.

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McIlreavy told The Associated Press she found out about the gift in September through a phone call. “There was a disbelief and joy mixed together,” she said.

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The lack of restrictions allows CDP to put some of the money toward general operations like staffing, an aspect of nonprofit work for which it is often difficult to fundraise.

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McIlreavy said nonprofits trying to raise money for administrative costs can sometimes feel like they are running a pizza shop. “People would come in and say ‘I want pizza, but I don’t want to pay for the staff to make it, or the trucks that bring in the cheese.”‘

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