September 26, 2022

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MacKenzie Scott gives $436M to Habitat for Humanity in largest publicly disclosed donation yet

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(Habitat For Humanity Seattle – King County Photo)

MacKenzie Scott has gifted $ 436 million to Habitat for Humanity in the largest publicly disclosed donation since the billionaire Seattle philanthropist and author pledged to give away the majority of her vast wealth.

Habitat for Humanity, a global nonprofit housing organization founded in 1976, announced Tuesday that the funds would aid 84 US Habitat affiliate organizations. The investment includes $ 15 million for Habitat in Washington state, directed at communities in Clallam, Pierce, King, Kittitas, and Thurston Counties.

Habitat for Humanity Seattle-King and Kittitas Counties called the gift a “transformational donation” in a region where the home affordability gap continues to widen. The organization shared some of how it plans to use the money:

  • Land acquisition and development – Purchase and develop more than 100 new lots for future homes.
  • Homebuilding – Increase homebuilding efforts to 65 homes sold annually.
  • Critical home repairs – Increase critical repairs to 75 homes completed annually, preventing displacement, and helping people to age in place.
  • Homeownership education – Expand educational programs to the broader community, teaching skills that help people become successful homeowners, build financial security, and maintain their homes.

“This funding allows us to continue to pair existing public and private sources on a larger scale,” said Brett D’Antonio, CEO of Habitat Seattle-King & Kittitas Counties. “We are still understanding the impact of this donation, but we are conservatively projecting a 30-40% increase across all existing programs.”

D’Antonio added that the gift will have an “immeasurable, multi-generational impact for families in our communities and our region for many years to come.”

The international arm of Habitat will receive $ 25 million.

MacKenzie Scott. (Elena Seibert Photo)

Last week, Scott donated $ 281 million to Boys & Girls Clubs of America and 62 local Boys & Girls Clubs around the country, the nonprofit announced. In February, she gave $ 50 million to the National 4H council to aid youth-focused programs.

Scott is worth about $ 48 billion and since signing The Giving Pledge she has given more than $ 8 billion to nonprofits and other organizations in the two years since her divorce from Amazon founder Jeff Bezos.

Scott said in December that she was more interested in getting at the true meaning of philanthropy rather than making headlines with dollar signs. She said she was leaving it to organizations to call attention to themselves and any amount they received.

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