No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Thursday, May 28, 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
1 month 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
Wix CEO blames strong shekel for layoffs

Wix CEO blames strong shekel for layoffs

by TheAdviserMagazine
May 28, 2026
0

Wix CEO Avishai Abrahami wrote to the company’s employees today, "Today is a sad day for me. We have...

edit post
Dolly Khanna’s portfolio sees steady gains in CY26; 5 stocks rise up to 25% – Portfolio Moves

Dolly Khanna’s portfolio sees steady gains in CY26; 5 stocks rise up to 25% – Portfolio Moves

by TheAdviserMagazine
May 28, 2026
0

An ETMarkets analysis of ace investor Dolly Khanna’s portfolio shows that, based on shareholding data for the March 2026 quarter,...

edit post
U.S. companies spend .7 billion annually to halt union formation 

U.S. companies spend $1.7 billion annually to halt union formation 

by TheAdviserMagazine
May 28, 2026
0

On Tuesday, members of the newly formed App Drivers Union rallied victoriously outside the Massachusetts State House, celebrating the certification...

edit post
Can Republicans Survive High Food and Gas Prices?

Can Republicans Survive High Food and Gas Prices?

by TheAdviserMagazine
May 28, 2026
0

Four years ago, then-President Joe Biden and the Democrats were fretting over the cost of groceries and gas. As the...

edit post
Tel Aviv set to approve 5,000 new homes for city center

Tel Aviv set to approve 5,000 new homes for city center

by TheAdviserMagazine
May 28, 2026
0

The building plan for central Tel Aviv, which will add thousands of new apartments to the city, is nearing...

edit post
ETMarkets PMS Talk | A ‘private equity approach’ to public markets has driven our investing success for 15 years: Sameer Shah

ETMarkets PMS Talk | A ‘private equity approach’ to public markets has driven our investing success for 15 years: Sameer Shah

by TheAdviserMagazine
May 27, 2026
0

In an era where passive investing, benchmark tracking and broad diversification dominate investor conversations, Sameer Shah believes long-term wealth creation...

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
Supreme Court Delivers More Bad Redistricting News for Democrats

Supreme Court Delivers More Bad Redistricting News for Democrats

May 19, 2026
edit post
From Maine to Michigan, Democrats Are Making Communism Great Again

From Maine to Michigan, Democrats Are Making Communism Great Again

May 16, 2026
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
Minnesota Wealth Tax | Intangible Personal Property Tax

Minnesota Wealth Tax | Intangible Personal Property Tax

May 6, 2026
edit post
It’s Time To Talk About Massie

It’s Time To Talk About Massie

May 23, 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
Wix CEO blames strong shekel for layoffs

Wix CEO blames strong shekel for layoffs

0
edit post
SK Hynix joins Micron in  trillion club as AI memory chip rally accelerates

SK Hynix joins Micron in $1 trillion club as AI memory chip rally accelerates

0
edit post
Traders are skeptical of Iran timeline for Strait of Hormuz reopening

Traders are skeptical of Iran timeline for Strait of Hormuz reopening

0
edit post
Building an Online Community of Collaborators: Fostering SEL in Virtual Learning Environments – Faculty Focus

Building an Online Community of Collaborators: Fostering SEL in Virtual Learning Environments – Faculty Focus

0
edit post
Dolly Khanna’s portfolio sees steady gains in CY26; 5 stocks rise up to 25% – Portfolio Moves

Dolly Khanna’s portfolio sees steady gains in CY26; 5 stocks rise up to 25% – Portfolio Moves

0
edit post
10 Dividend Growth Stocks To Guard Wealth

10 Dividend Growth Stocks To Guard Wealth

0
edit post
Wix CEO blames strong shekel for layoffs

Wix CEO blames strong shekel for layoffs

May 28, 2026
edit post
Dolly Khanna’s portfolio sees steady gains in CY26; 5 stocks rise up to 25% – Portfolio Moves

Dolly Khanna’s portfolio sees steady gains in CY26; 5 stocks rise up to 25% – Portfolio Moves

May 28, 2026
edit post
Bitmine Stuns Market With Largest Ethereum Buy Of 2026 As Tom Lee Turns Bullish

Bitmine Stuns Market With Largest Ethereum Buy Of 2026 As Tom Lee Turns Bullish

May 28, 2026
edit post
U.S. companies spend .7 billion annually to halt union formation 

U.S. companies spend $1.7 billion annually to halt union formation 

May 28, 2026
edit post
Can Republicans Survive High Food and Gas Prices?

Can Republicans Survive High Food and Gas Prices?

May 28, 2026
edit post
Tel Aviv set to approve 5,000 new homes for city center

Tel Aviv set to approve 5,000 new homes for city center

May 28, 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

  • Wix CEO blames strong shekel for layoffs
  • Dolly Khanna’s portfolio sees steady gains in CY26; 5 stocks rise up to 25% – Portfolio Moves
  • Bitmine Stuns Market With Largest Ethereum Buy Of 2026 As Tom Lee Turns Bullish
  • 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.