No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Thursday, May 7, 2026
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Business

Billionaire philanthropist MacKenzie Scott donates $70 million to Meals on Wheels America—helping feed more than 2 million people a year

by TheAdviserMagazine
3 weeks ago
in Business
Reading Time: 3 mins read
A A
Billionaire philanthropist MacKenzie Scott donates  million to Meals on Wheels America—helping feed more than 2 million people a year
Share on FacebookShare on TwitterShare on LInkedIn



While billionaires have come under fire for not living up to their philanthropic promises, one person is rising from the rest: MacKenzie Scott. She’s pouring billions into education, public health, and the environment—and now, she just funneled some of her fortune to help feed and support millions of Americans. 

Scott recently gave a $70 million unrestricted donation to Meals on Wheels America, a nationwide charity providing meals, social connection, and safety checks to more than 2 million U.S. seniors and homebound people every year. 

The organization announced Scott’s donation last Friday, adding that her contribution comes at a time when one in three local Meals on Wheels providers have a waitlist, with elderly citizens having to wait an average of four months for meals and services. 

Scott’s $70 million donation is just a drop in the bucket of her $26 billion philanthropic streak since 2020. The early Amazon employee and ex-wife of Jeff Bezos worth $41.1 billion is rewriting the playbook of billionaire philanthropy. 

How Scott’s $70 million donation will support America’s isolated elders

Thanks to Scott’s latest investment, Meals on Wheels said it can focus more on opportunities to “strengthen the network’s capacity” in the long-term and give more resources to local providers. 

Meals on Wheels currently supports more than 5,000 community-based programs related to senior hunger and isolation. Scott’s gift will make a real difference, the organization says, but it won’t completely bridge the country’s growing needs—it hopes her donation will inspire others to support.

“We will steward the investment thoughtfully and responsibly to help generate economies of scale and impact that strengthen the capacity of local providers so they can reach more older adults with meals, connection and care,” Kristine Templin, chief development and marketing officer at Meals on Wheels America, tells Fortune in a statement.

 “Ultimately, success means more seniors are able to access the support they need to live more nourished, independent and healthy lives.”

Scott’s $26 billion in donations has made her the face of ultra-rich philanthropy 

Scott isn’t just donating millions to combat America’s issues of hunger and isolation—her foundation, Yield Giving, has been stealthily donating billions since 2020 with no strings attached. 

Less than a week ago, Scott donated $7 million to Minnesota tribal college Red Lake Nation College; and just weeks before that, it was revealed Scott had donated $42 million to Elizabeth City State University, one of America’s historically Black colleges and universities. That contribution set her at a new milestone: it pushed her total giving to HBCUs over the $1 billion mark. Since 2020, she has been on a spending spree to support the schools; the 56-year-old has given $20 million to Xavier University, $20 million to Morehouse College, $80 million to Howard University, and $38 million to Spelman College, to name a few. 

The mega philanthropist has also given an eye-watering $436 million in unrestricted giving to Habitat for Humanity: a global non-profit organization helping alleviate the housing crisis. Plus, she’s invested in climate action, donating $90 million to the Forests, People, Climate (FPC) collaborative determined to end tropical deforestation. Even the Girl Scouts of the USA received about $84.5 million from Scott to support girls’ leadership and programming. 

The philanthropist donated a whopping $7.2 billion in 2025 alone and is named the third most generous philanthropist in the world, having given away 46% of her net worth, according to an analysis from Forbes earlier this year. In contrast, Forbes also estimated that Bezos and his wife, Lauren Sánchez Bezos, have only donated $4.7 billion throughout their entire lives. In total, her philanthropic vehicle Yield Giving totals her more than 2,700 donations at $26 billion—but the size of her checks is only one way she’s shaking up billionaire charity. 

Notably, philanthropy experts have told Fortune that Scott strays from the pack through her “stealth giving” practice: donating unrestricted money directly to nonprofits, trusting them to handle the funds as they see fit. She’s in direct opposition to “very technocratic” ways of giving, emulated by many billionaires who have been in the spotlight, like Bill Gates—and organizations are keen to see if others will follow in her footsteps. 

“I think she’s a trendsetter and sort of moral ballast to the way that Gates has been,” Bella DeVaan, associate director of the charity reform initiative at the Institute for Policy Studies, told Fortune last year. “I do see that being not just a trend, but shifting common sense toward trust-based philanthropy.”



Source link

Tags: AmericahelpingBillionaireDonatesFeedMackenzieMealsMillionpeoplephilanthropistScottwheelsyear
ShareTweetShare
Previous Post

Israel’s skies reopen but booking flights is fraught with risk

Next Post

Why Trump’s $10bn WSJ Defamation Lawsuit Failed

Related Posts

edit post
eBay bans GameStop CEO’s account after he listed store signs to fund his  billion eBay offer

eBay bans GameStop CEO’s account after he listed store signs to fund his $56 billion eBay offer

by TheAdviserMagazine
May 7, 2026
0

Apparently every dollar counts in GameStop’s $56 billion effort to acquire eBay.  GameStop’s CEO, Ryan Cohen, already has a $20...

edit post
Tata and JSW near bn bet on domestic EV research

Tata and JSW near $1bn bet on domestic EV research

by TheAdviserMagazine
May 7, 2026
0

India's Tata Group and JSW Group are collectively directing nearly $1bn towards independent electric-vehicle (EV) and battery research, as domestic...

edit post
Addiction, emotional distress and dread of dull tasks: AI models ‘behave as though’ they’re sentient

Addiction, emotional distress and dread of dull tasks: AI models ‘behave as though’ they’re sentient

by TheAdviserMagazine
May 7, 2026
0

ChatGPT probably tells you that it’s “happy to help.” Claude apologizes when it makes mistakes. AI models push back when...

edit post
Trafigura to build new aluminium smelter in Egypt

Trafigura to build new aluminium smelter in Egypt

by TheAdviserMagazine
May 7, 2026
0

Trafigura has signed a term sheet with the Egyptian Aluminium Company (Egyptalum) and Metallurgical Industries Holding (MIH) to establish a...

edit post
Dabur Q4 Results: Cons PAT rises 15% YoY to Rs 369 crore, revenue up 7%; Rs 5.50 per share dividend announced

Dabur Q4 Results: Cons PAT rises 15% YoY to Rs 369 crore, revenue up 7%; Rs 5.50 per share dividend announced

by TheAdviserMagazine
May 7, 2026
0

FMCG major Dabur India reported a consolidated net profit at Rs 369 crore in the March-ended quarter versus Rs 320...

edit post
Treasury expected to borrow  trillion this year—more than 6 billion every month

Treasury expected to borrow $2 trillion this year—more than $166 billion every month

by TheAdviserMagazine
May 7, 2026
0

The U.S. Treasury will likely have borrowed more than $2 trillion by the end of the fiscal year, according to...

Next Post
edit post
Why Trump’s bn WSJ Defamation Lawsuit Failed

Why Trump’s $10bn WSJ Defamation Lawsuit Failed

edit post
The 21 Largest NYC Tech Startup Funding Rounds of Q1 2026 – AlleyWatch

The 21 Largest NYC Tech Startup Funding Rounds of Q1 2026 – AlleyWatch

  • Trending
  • Comments
  • Latest
edit post
Gavin Newsom issues ‘final warning’ amid California’s dire housing crisis — what’s at stake for millions of residents

Gavin Newsom issues ‘final warning’ amid California’s dire housing crisis — what’s at stake for millions of residents

May 3, 2026
edit post
Florida Warning: With Senior SNAP Benefits Averaging 8/Month, Thousands Risk Losing Assistance in 2026

Florida Warning: With Senior SNAP Benefits Averaging $188/Month, Thousands Risk Losing Assistance in 2026

April 27, 2026
edit post
Minnesota Wealth Tax | Intangible Personal Property Tax

Minnesota Wealth Tax | Intangible Personal Property Tax

May 6, 2026
edit post
10 Cheapest High Dividend Stocks With P/E Ratios Under 10

10 Cheapest High Dividend Stocks With P/E Ratios Under 10

April 13, 2026
edit post
Exclusive: America’s largest Black-owned bank launches podcast with mission to unlock hidden shame holding back generational wealth

Exclusive: America’s largest Black-owned bank launches podcast with mission to unlock hidden shame holding back generational wealth

April 29, 2026
edit post
NYC Mayor Mamdani knocked Ken Griffin in pied-a-terre tax promo. His firm calls the move ‘shameful’

NYC Mayor Mamdani knocked Ken Griffin in pied-a-terre tax promo. His firm calls the move ‘shameful’

April 23, 2026
edit post
eBay bans GameStop CEO’s account after he listed store signs to fund his  billion eBay offer

eBay bans GameStop CEO’s account after he listed store signs to fund his $56 billion eBay offer

0
edit post
Trump Ends Federal Foreclosure Protection Measures—Prepare For a Wave of Deals to Hit the Market

Trump Ends Federal Foreclosure Protection Measures—Prepare For a Wave of Deals to Hit the Market

0
edit post
Chart of the Week: Big Tech Isn’t as Big as You Think

Chart of the Week: Big Tech Isn’t as Big as You Think

0
edit post
*HOT* Luxury Towel Warmer only  shipped!

*HOT* Luxury Towel Warmer only $49 shipped!

0
edit post
Stop Fundraising Like It’s 2021: The Bootstrapped Hybrid Model Is Quietly Winning

Stop Fundraising Like It’s 2021: The Bootstrapped Hybrid Model Is Quietly Winning

0
edit post
Trump small business loans: the  billion clawback

Trump small business loans: the $22 billion clawback

0
edit post
eBay bans GameStop CEO’s account after he listed store signs to fund his  billion eBay offer

eBay bans GameStop CEO’s account after he listed store signs to fund his $56 billion eBay offer

May 7, 2026
edit post
*HOT* Luxury Towel Warmer only  shipped!

*HOT* Luxury Towel Warmer only $49 shipped!

May 7, 2026
edit post
Tata and JSW near bn bet on domestic EV research

Tata and JSW near $1bn bet on domestic EV research

May 7, 2026
edit post
Ethereum Price Slips as ETH Whales Offload Holdings, What’s Next?

Ethereum Price Slips as ETH Whales Offload Holdings, What’s Next?

May 7, 2026
edit post
Chart of the Week: Big Tech Isn’t as Big as You Think

Chart of the Week: Big Tech Isn’t as Big as You Think

May 7, 2026
edit post
12 Government Benefits You Didn’t Know You Qualify For After 60

12 Government Benefits You Didn’t Know You Qualify For After 60

May 7, 2026
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • eBay bans GameStop CEO’s account after he listed store signs to fund his $56 billion eBay offer
  • *HOT* Luxury Towel Warmer only $49 shipped!
  • Tata and JSW near $1bn bet on domestic EV research
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.