- Jeff Bezos’s ex-wife donated $436 million to Habitat for Humanity.
- MacKenzie Scott has been on a donating spree after her divorce from Jeff Bezos.
- She owns 4% of Amazon’s stocks.
MacKenzie Scott, the ex-wife of Amazon founder Jeff Bezos, has donated $436 million to Habitat for Humanity.
Jonathan Reckford, CEO of Habitat for Humanity International, described the donation as “transformational.”
“This incredibly generous gift will allow us to dramatically increase capacity and implement programs that will have a multi-generational impact on communities around the U.S. and our global mission for many years to come,” he added.
Ms. Scott has donated $8 billion to hundreds of charities in the last two years after her divorce from Jeff Bezos left her with 4% of Amazon’s stock. She has signed the Giving Pledge, in which many billionaires have agreed to give more than half of their fortune.
The donation will be split between 84 Habitat affiliates in the United States and the International nonprofit, which will use its $25 million shares to expand the supply of affordable housing and advocate for policies and laws that enable homeownership through its Cost of Home campaign.
The donations will also go to the promotion of research and measurement initiatives that will help discover best practices in areas such as sustaining home affordability and housing innovation, as well as to study how prospective and current programs help individuals and families achieve better outcomes.
The unrestricted gifts also help to fund the nonprofit’s global operations through the tithing program. Last year, US Habitat organizations tithed approximately $14 million to support Habitat’s work across the world, and the Tithe International Disasters Fund has already pledged $200,000 to support Habitat’s immediate response to refugees leaving Ukraine.
Since it was founded in 1976, the Christian housing organization, for which former US President Jimmy Carter has devoted many days of manual labor with his hammer, has expanded to cover all 50 states in the US and over 70 countries.
Since the Christian housing organization was founded in 1976 it has expanded to include all 50 states in the United States as well as over 70 countries. Former US President Jimmy Carter has also devoted countless days of manual labor with his hammer for the organization.
Families and individuals in need work with Habitat to construct or renovate their own houses with the support of volunteers, and they always pay an affordable mortgage that helps Habitat build more homes for others.
Source: Good News Network