Billionaire philanthropist MacKenzie Scott, 54, donated $65 million to Enterprise Community Partners final month, a nationwide nonprofit primarily based in Maryland that goals to handle the U.S.’s scarcity of inexpensive housing.
The shock donation left the group shocked, reps stated in a press release.
“A few of us in all probability wished to cry for pleasure,” Janine Lind, president of Enterprise’s neighborhood growth division, informed the Baltimore Banner. “This got here at a second the place the inexpensive housing sector definitely is being put to check and is struggling.”
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It is Scott’s second present to the 42-year-old group—the primary was $50 million in 2020. The group noted in a press release that Scott’s present is “one of many largest reported items to an inexpensive housing group.”
“Housing affordability is on the nationwide radar in a approach that it is by no means been in my three a long time of labor on this discipline,” stated Shaun Donovan, CEO and President of Enterprise Group Companions, in a press release. “There’s rising bipartisan consensus over the necessity to handle this disaster, and MacKenzie Scott’s continued help reaffirms the significance of Enterprise’s mission. This present will enable us to develop and speed up our work, delivering community-based and sustainable housing options to the individuals and locations that want them most.”
Scott, who helped begin Amazon along with her first husband, Jeff Bezos, remains to be a “main” shareholder with a 1.3% stake, primarily based on a November 2024 SEC submitting, and has an estimated internet price of $41.3 billion, according to Bloomberg.
In 2022, Scott donated two Beverly Hills properties price $55 million to the California Group Basis to help the nonprofit’s inexpensive housing and immigrant integration initiatives. That very same 12 months, she additionally donated $84.5 million to the Woman Scouts of the USA.
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