MacKenzie Scott awards more than $150 million in housing grants
 
            
    
    
                   
					A windfall of housing and financial development grants totaling more than $150 million were awarded by philanthropist MacKenzie Scott this fall.
While the Giving Pledge signatory has not yet made her annual grant announcement through her philanthropic vehicle, Yield Giving, several nonprofits confirmed the donations through announcements of their own. Scott awarded at least seven unrestricted gifts, including $65 million to Local Initiatives Support Corporation (LISC), the largest contribution in the organization’s history; $65 million to Enterprise Community Partners; $40 million to Corporation for Supportive Housing; $15 million to Coastal Enterprises, Inc. (CEI); $22 million to Nonprofit Finance Fund; $15 million to Craft3; and $10 million to Access to Capital for Entrepreneurs in Atlanta. The gifts come on the heels of Scott selling 61.66 million shares of her Amazon stock—worth at least $8 billion—according to a filing with the Securities and Exchange Commission reported by the NonProfit Times.
“This kind of unrestricted funding allows LISC to test new ideas, scale up promising programs, and leverage other sources of capital to support positive socio-economic impact,” said LISC chair and former U.S. Secretary of the Treasury Robert E. Rubin.
“MacKenzie Scott’s continued support reaffirms the importance of Enterprise’s mission,” said Enterprise Community Partners president and CEO Shaun Donovan. “This gift will allow us to expand and accelerate our work, delivering community-based and sustainable housing solutions to the people and places that need them most.”
“We feel privileged to be recognized with other organizations that are creating positive change in their communities,” said CEI president Keith Bisson. “In particular, we are grateful for Ms. Scott’s ongoing commitment to the community development finance sector as a means to build economic agency and resilience, particularly for people and communities with low incomes.”
(Photo credit: Getty Images/sommart)

 
            
    
    
     
            
    
    
     
            
    
    
     
            
    
    
     
            
    
    
    				
			 
            
    
    
    				
			