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☆ This college town is experimenting with giving low-income entrepreneurs and gig workers $12,672, no strings attached
▼ + stars: | 2024-05-07 | by ( Allie Kelly | ) www.businessinsider.com time to read: +5 min

Ann Arbor's program, called Guaranteed Income to Grow Ann Arbor, is giving low- and moderate-income residents $528 a month, no strings attached. Over 50 municipalities have tried the GBI model since 2019, offering low-income participants between $100 and $1,000 a month, no strings attached for one to five years. "This pilot will help us learn whether guaranteed income payments can be an effective way to help some entrepreneurs with their business efforts." Chicago announced in April that it restarted its previous GBI program that offered low-income residents $500 a month. A GBI program in Harris County, Texas is being challenged by Attorney General Ken Paxton, who called the program "unconstitutional."

Persons: —, Ann, Ann Arbor's, Monique Gonzalez, Ann Arbor, GBI, Ken Paxton Organizations: Service, Business, Local, Services, Denver, Ann Arbor Area Community Foundation, University of Michigan, Chicago, Republican Locations: Ann Arbor , Michigan, Ann Arbor, San Antonio, Antonio's, Ann, Michigan, Atlanta, Denver, Flint, Harris County , Texas, Iowa , Arizona, South Dakota

☆ Reed Hastings says he kept losing money as an investor so he sticks to owning Netflix stock and index funds
▼ + stars: | 2024-04-05 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. In late January, he gifted 2 million Netflix shares worth $1.1 billion to the Silicon Valley Community Foundation. The donation slashed his direct stake in Netflix by about 40% to just under 3 million shares — a position valued at about $1.9 billion. The tech veteran's net worth is still around $6 billion, as he holds 3 million Netflix stock options and has sold about $2 billion worth over the years, per the Bloomberg Billionaires Index. Hastings has also donated vast amounts of money to education providers like charter schools and historically Black colleges and universities (HBCUs).

Persons: —, Reed Hastings, Tim Ferriss, I've, Hastings, Warren Buffett, Ferriss, Buffett, priding, Charlie Munger, Hastings —, he's Organizations: Service, Netflix, Business, Berkshire Hathaway, Hastings, Community Foundation, Bloomberg

☆ Venture capital firm's plan to buy nonprofit hospital system has Ohio community on edge
▼ + stars: | 2024-03-02 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +17 min

In late 2022, Harrison joined venture firm General Catalyst, which has backed tech highfliers like Stripe, Snap and Airbnb . This is the first holistic transformation of a health system to a thoughtful combination of digital and in-person care." "It just makes people a little nervous, and it doesn't feel quite aligned with this concept of health care being a human right." To revolutionize how we care for patients, we in health care are doing the same." "This is not like a turnaround, this is not a distressed system," Harrison said.

Persons: Marc Harrison, who's, Astrid Stawiarz, Mark Zuckerberg, Elon Musk, He's, screeds, Harrison, Catalyst, HATCo, Fitch, Ceci Connolly, Connolly, She's, Freddy Krueger, John Bass, Bass, he's, Chris Bischoff, Bischoff, it's, Harrison isn't, Michael Greeley, Greeley, Beaumont, Cliff Deveny, hadn't, Deveny, Ben Sutton, Sutton, Shammas Malik, James Hardy, Hardy, Mayor Malik, Malik, we've, Capital's Greeley, Catalyst's Organizations: Healthy, CNBC, Intermountain Healthcare, Catalyst, Summa Health, Health Assurance Transformation Corporation, Summa Health Medina, Urban Institute, Fitch Ratings, Alliance of Community Health, General Catalyst, HCA Healthcare, University of California Davis Health, Intermountain, Flare Capital Partners, Beaumont Health, Health, Akron, Ideastream Public Media, HATCo Locations: New York City, Silicon Valley, Utah, Ohio, Harrison, PitchBook, U.S, Canada, Israel, Michigan, Beaumont, Akron, Summit County, Akron's

☆ Arlington, Virginia, gave $500 to low-income families no strings attached. It helped them catch up on bills, but many still struggle to afford housing.
▼ + stars: | 2024-02-17 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +7 min

For the 10% of households making under 30% of the county's median income, median living expenses are about three times what they earn. AdvertisementCompared to the control group that didn't receive payments, participants had significantly better employment outcomes. While the percentage of employed control group families stayed the same at 74%, the participants’ employment rate jumped from 75% to 87%. When looking only at employed participants, median income rose from $1,573 to $1,900 per month. When factoring in other sources of income, such as Social Security or child support, the control group’s income rose 40% while the participants’ income rose 84%.

Organizations: Service, Arlington Community Foundation, Arlington County Department of Human Services, Business, Economic Research Institute, Security Locations: Washington, Arlington , Virginia, Texas, South Dakota, Arlington, American, Arlington County

☆ Arlington, Virginia gave people $500 a month. They worked less overtime and pursued education instead, a report found.
▼ + stars: | 2024-02-11 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +4 min

Read previewA guaranteed basic income program in Arlington, Virginia that gave low-income residents $500 a month with no strings attached allowed them to find their footing, seek out education, and improve their job security, a final report found. Recipients said reducing their weekend and overtime hours helped them pursue education and certifications that could lead to higher-paying jobs. Arlington is not the first city to experiment with a guaranteed basic income program. Some lawmakers in Texas, however, oppose basic income programs. One state senator asked the state attorney general to declare a similar program in the Houston area unconstitutional.

Persons: —, Uber Organizations: Service, Arlington Community Foundation, Arlington County Department of Human Services, Business, Arlington Community Fund Locations: Arlington , Virginia, Arlington, Washington, DC, Virginia, Baltimore, Boston, Austin, Denver , Minneapolis, Texas, Houston

☆ Netflix cofounder Reed Hastings just gave stock worth $1.1 billion to a Silicon Valley charity
▼ + stars: | 2024-01-30 | by ( Polly Thompson | ) www.businessinsider.com time to read: +2 min

He donated the holding, worth about $1.1 billion, to the Silicon Valley Community Foundation. The charity is favored by the elite of Silicon Valley including Mark Zuckerberg. AdvertisementReed Hastings, the cofounder and executive chairman of Netflix, has given away 2 million shares in the streaming platform. A Netflix representative told The Wall Street Journal the shares had been donated to the Silicon Valley Community Foundation. AdvertisementIn 2012 the Meta CEO and his wife, Priscilla Chan, donated 18 million shares worth about $500 million to the foundation.

Persons: Reed Hastings, Mark Zuckerberg, —, It's, Jack Dorsey, Priscilla Chan, Hastings, Marc Randolph, Patty Quillin, They've, Bill Gates, Warren Buffett Organizations: Netflix, Community Foundation, Service, Wall Street, Bloomberg, United Negro College Fund, Business Locations: Silicon Valley, Bay

☆ MacKenzie Scott sold Amazon stock worth more than $10 billion last year
▼ + stars: | 2024-01-29 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +1 min

MacKenzie Scott sold Amazon stock worth more than $10 billion last year. The ex-wife of Jeff Bezos has an estimated net worth of $37.6 billion , according to the Bloomberg Billionaires Index. Upon signing the pledge, Scott wrote : "I have a disproportionate amount of money to share. The billionaire launched the website Yield Giving in 2022, which details some 1,600 organizations that she's donated $14 billion to since 2019. Scott said in a blog post last March that she donated $3.86 billion to 465 nonprofits since June 2022.

Persons: MacKenzie Scott, Jeff Bezos, Scott, Bezos, Lauren Sanchez, she's Organizations: Bloomberg, Amazon, California Community Foundation Locations: Beverly

☆ Insight: Defying Pope's calls for climate action, US Catholic bishops cling to fossil fuels
▼ + stars: | 2023-11-29 | by ( Richard Valdmanis | ) www.reuters.com time to read: +10 min

The ongoing investments in the U.S. reflect a long-running rift between U.S. Catholic bishops and the pope on how to address global warming. The pope's Laudato Si encyclical urged immediate action against climate change, declaring that "highly polluting fossil fuels need to be progressively replaced without delay." The Vatican bank, which is separate from APSA, also does not invest in fossil fuels, a bank official said. A CCF official said energy and fossil fuels stocks make up between 3.5% and 6% of archdiocese investment funds, and that CCF uses its shareholder status to press for corporate environmental improvements. He called the enormous financial gains by oil companies "immoral profits."

Persons: Pope Francis, Dan DiLeo, Peter Marlow, Remo Casilli, Anne, Marie Welsh, William Lori, Bernard Hebda, Saint, Joshtrom Kureethadam, Chieko Noguchi, Noguchi, USCCB, Sabrina Danielsen, Danielson, Richard Valdmanis, Philip Pullella, John Mair, Suzanne Goldenberg Organizations: Catholic, drillers, U.S . Conference of Catholic Bishops, Catholic Church, Reuters, Justice, Peace, Creighton University in, Vatican, Opportunity Fund, Collective Investment, Archdiocese, Minneapolis, Catholic Community Foundation of Minnesota, CCF, Development, American Petroleum Institute, Christian Brothers Investment Service, Investment, BP, Shell, Creighton University, U.S, Thomson Locations: United States, Dubai, Creighton University in Nebraska, U.S, APSA, Vatican, Ireland, Germany, Archdiocese, Boston, Chicago, San Francisco, Erie , Pennsylvania, Texas, San Antonio, Austin, Fort Worth . Erie, Erie, Baltimore, Saint Paul, Paris, Saudi Aramco, PetroChina, India, Vatican City, Berlin, Sydney

☆ Opinion | Learning to Become Openhearted
▼ + stars: | 2023-11-02 | by ( ) www.nytimes.com time to read: +3 min

Charles GoldbergNewtown Square, Pa.To the Editor:Kudos to David Brooks’s extraordinary lesson on being human. The only missing element was the power of humor, particularly when it is directed at oneself. Burdened by a debilitating stutter in my youth, I learned to laugh at it and myself. I found that self-deprecating jokes disarmed those inclined to ridicule me and invited in the compassionate. Armed with Mr. Brooks’s advice, I will try to devote my remaining years to listening, and speaking, with a human ear.

Persons: David Brooks, Brooks, “, Joe Posnanski, ”, Charles Goldberg, David Brooks’s, Tom Wilcox Boca, Robert Judkins Organizations: Concord Academy, Baltimore Community Foundation Locations: Pa, Tom Wilcox Boca Grande, Fla, Tenn

NEW YORK (AP) — To appeal to a new generation of philanthropists, the Brooklyn Community Foundation is ditching the word “foundation” and establishing itself with a new name: Brooklyn Org. “The point isn’t lost on Rainey, who says that no matter what people call it, Brooklyn Org is still a foundation. But she said the new name reflects different practices the foundation has put in place that let residents steer the course of the institution. All of the foundation’s discretionary grantmaking, Rainey says, uses a participatory approach, where residents research and pick nonprofits to receive grants. The AP and the Chronicle receive support from the Lilly Endowment for coverage of philanthropy and nonprofits and are solely responsible for this content.

Persons: Jocelynne Rainey, grantmakers, ’ ”, ”, Edelman, Sruthi Sadhujan, Sadhujan, ” Sadhujan, isn’t, Rainey, Alex Daniels Organizations: Brooklyn Community Foundation, Brooklyn Org, Brooklyn Museum, Brooklyn Academy of Music, Independent Sector, Edelman Data, Intelligence, Ford Foundation, Associated Press, The, AP Locations: Brooklyn

☆ The Simple Nudge That Raised Median Donations by 80%
▼ + stars: | 2023-09-16 | by ( Ron Lieber | More About Ron Lieber | ) www.nytimes.com time to read: +1 min

That kind of boost can change the trajectory of a nonprofit over time if enough people increase their gifts. And people of any faith — or none at all — can create their own numerical prompt on any platform to encourage extra generosity. Buddhists and Hindus sometimes give in multiples of $108, though a spokesman for Catholic Charities said it had seen no particular numerical pattern over time. Even within particular religions, opinions vary on whether to anchor gifts to a figure or to increase donations by a certain number. Anwar Khan, the president of Islamic Relief USA, said he had not seen a numerical pattern in donations to his organization — not even in the number 786, which some Muslims believe is lucky or holy.

Persons: Anwar Khan, —, Khan, “, ”, Daffy Organizations: Catholic Charities, Islamic Relief

The Maui Invitational will be held in Honolulu this year because of the wildfires that devastated Lahaina, where the tournament usually is played. “We appreciate everything the Maui Invitational is doing to help Maui and its residents.”Political Cartoons View All 1163 ImagesTickets purchased for the tournament in Maui will be honored. Also, the Maui Invitational has launched an online auction with all proceeds going directly to relief and recovery efforts. The Maui Invitational, one of college basketball's premier events, has long been a source of pride in Lahaina, also a major tourist destination. “The Maui Invitational is a great event that celebrates all of Hawaii,” Hawaii Governor Josh Green said in a statement.

Persons: Chaminade, Richard Bissen, Mike Krzyzewski, Bill Self, Tom Izzo, Josh Green, ” Organizations: Maui, Stan Sheriff Center, Kansas, Purdue, Gonzaga, Marquette . Syracuse, Chaminade, UCLA, NAIA, Virginia, Lahaina Civic Center, Maui Invitational, mauiinvitational.com, ’, Hawaii, Strong, surfboards Locations: Honolulu, Lahaina, Gonzaga , Tennessee, Marquette, Maui, Asheville , North Carolina, Las Vegas, Hawaii, Mike Krzyzewski , Kansas, Michigan, Oahu

NEW YORK (AP) — It’s a transaction that would be commonplace for a corporation or a sports team, but it’s the kind of deal that is practically unheard of in the nonprofit sector. The philanthropy research organization Candid will send control of its CF Insights website and the staff that gathered information about community foundations to the Council on Foundations, the association of nearly 900 nonprofit members, on Friday. It helps them make better decisions.”Chang said CF Insights can help community foundations see how its peers handled expansion or compensation. And that information pairs well with the Council on Foundations annual surveys on compensation and benefits among community foundations. That doesn’t happen in the nonprofit sector.

Persons: —, Ann Mei Chang, ” Chang, “, Kathleen Enright, ” Enright, Chang, Enright Organizations: Foundations, ”, Hawaii Community Foundation, don’t, Candid, The Aspen Institute, Urban Institute, Internal Revenue Service, Lilly Endowment Inc, AP Locations: Hawaii, Maui

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Persons: we've, Alden B, Sallie Mae, Mae, they're, Landry, that’s, that's, Raisin, Mykail James, Roger Ma, it's, Tania Brown, Sophia Acevedo Organizations: Alliance Bank, Western Alliance Bank, Mint, FDIC, Chevron, Market, Credit Union, Union, Alpena Alcona, Dow Credit Union, DCU, NCUA, Dow Inc, Dow Corning Corporation, Employer Group, Dow Credit, Midland Center, Dow Museum of Science & Art, Midland Historical Society, Midland Country Club of Great, Virgin Islands, City National Bank of, Mae Bank, Reading Chevron, State Credit Union, Pelican State Credit Union, ARC Baton Rouge, Parents Association of Northwest Support, Federal Credit Union, Federal Credit, DC, U.S, Capital Historical Society, American Consumer Council, GTE Financial Credit, CUSavers, NCUA Department of Commerce Federal Credit Union, Commerce Federal Credit Union, Department of Commerce Federal Credit Union's, of Commerce Federal Credit Union, Department of Commerce Federal Credit, US Department of Commerce, NOAA, White House Management, Administration, American Consumer, Ponce Bank, Ponce, Credit, Midland Area Community Foundation, Pelican State Credit, Services, Parents, GTE Financial, GTE Financial Credit Union, GTE, of Commerce Federal Credit, Department of Commerce Federal Credit Union, Administration Office, Finance, Federal Reserve, Federal, Limelight, National Bank of America, Technology Credit, Barclays, NASA Federal Credit, Western Alliance, Banks, Citi, PNC Bank, of America, Chase Bank, Charles Schwab Bank, Wells Locations: Alpena Alcona, Michigan, Alpena, Midland , Michigan, Midland Country Club of Great Lakes, Florida, Somoa, Guam, Northern Mariana Islands, Chevron, City National Bank of Florida, NCUA, Louisiana, Rapise, St, Tammany Parish, Alexandria , Virginia, Washington, Washington ,, Maryland, Virgin, Pelican, Ponce

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Persons: you'll, Sallie Mae, Raisin Organizations: Connexus, Connexus Credit Union, Connexus Association, Connexus Credit, Dow Credit, Dow Credit Union, Midland Area Community Foundation, Dow, Virgin Islands, Sallie, Sallie Mae Bank, Federal, Federal Credit Union, Signature Federal Credit Union, American Consumer Council, Western Alliance Bank, Cash, Forbright, Limelight, Limelight Bank, CCBank, Popular, Rising, Bank, Products Locations: Florida , Puerto Rico, American Samoa, Guam, Northern Mariana Islands, Virgin, Midwest

Josh Green insisted Friday that the years-long undertaking of rebuilding Maui’s historic Lahaina community will prioritize residents’ desires over those of property developers. The western Maui community – once a lively economic and cultural hub – has been decimated by the wildfires that began tearing through the island on August 8. Sarah Salmonese sits where her apartment once stood in Lahaina, Hawaii, on Friday, August 11. Matthew Thayer/The Maui News/AP In pictures: The deadly Maui wildfires Prev NextSports teams pitch in to helpWith the stark task ahead of rebuilding leveled communities, some sports teams are contributing to ongoing relief efforts. Proceeds from the game on October 29 in Champaign, Illinois, will be donated to the Hawai’i Community Foundation Maui Strong Fund, which provides financial resources towards Maui’s recovery, according to the schools.

Persons: Josh Green, ” Green, Jaime Kanani Green, ”, “, they’ve, Tiare Lawrence, Green, he’s, Herman Andaya, Andaya, Sarah Salmonese, Go Nakamura, Ken Alba, Jae C, Yuki Iwamura, Patrick T, Fallon, Bryan Anselm, Mike Blake, Matthew A, Foster, Rick Bowmer, Lauren Haley, Makalea Ahhee, Justin Sullivan, Max Whittaker, Zoltan Balogh, Robert Gauthier, Mengshin Lin, Evelio Contreras, CNN Vixay Phonxaylinkham, Lana, Phonoxaylinkham, Marco Garcia, Claire Rush, Myrna Ah Hee, Sui, Ty O'Neil, Ku'u Kauanoe, ZUMA, Matthew Thayer, WNBA’s Sparks, Bill Self, Brad Underwood Organizations: CNN, Hawaii Gov, Maui’s Emergency Management Agency, New York Times, Getty, Reuters, Staff, US Army National Guard, Maui Police, Facility, AP Volunteers, Grace Baptist, Volunteers, Los Angeles Times, AP, Washington Post, Kahului Airport, Technologies, Kahului, AP Helicopters, Hawaii Army National Guard, Hawaii National Guard, Reuters Residents, ZUMA Passengers, Maui News, Angeles, Angels, Dodgers, NFL’s Chargers, Rams, NBA’s Clippers, Lakers, NHL’s, Ducks, Angel City Football Club, LA Galaxy, University of Kansas, University of Illinois ’, Hawai’i, Strong, Maui Invitational Locations: Hawaii, Lahaina, Maui, –, Maui County, Lahaina , Hawaii, AFP, Wahikuli, Wailuku, Kula , Hawaii, Kula, Kihei, West Maui, Grace, Napili, Honokowai, Honolulu, Maalaea, Kahului, California, Las Vegas, Church, Lahaina Hongwanji, “ Despite California, Southern California, NHL’s Kings, Champaign , Illinois, Kansas, Illinois

March 29 (Reuters) - Elon Musk and a group of artificial intelligence experts and industry executives are calling for a six-month pause in developing systems more powerful than OpenAI's newly launched GPT-4, in an open letter citing potential risks to society and humanity. "Powerful AI systems should be developed only once we are confident that their effects will be positive and their risks will be manageable," the letter said. The letter detailed potential risks to society and civilization by human-competitive AI systems in the form of economic and political disruptions, and called on developers to work with policymakers on governance and regulatory authorities. Rather than pause research, she said, AI researchers should be subjected to greater transparency requirements. "If you do AI research, you should be very transparent about how you do it."

March 28 (Reuters) - Elon Musk and a group of artificial intelligence experts and industry executives are calling for a six-month pause in developing systems more powerful than OpenAI's newly launched GPT-4, in an open letter citing potential risks to society and humanity. "Powerful AI systems should be developed only once we are confident that their effects will be positive and their risks will be manageable," the letter said. The letter detailed potential risks to society and civilization by human-competitive AI systems in the form of economic and political disruptions, and called on developers to work with policymakers on governance and regulatory authorities. Co-signatories included Stability AI CEO Emad Mostaque, researchers at Alphabet-owned (GOOGL.O) DeepMind, as well as AI heavyweights Yoshua Bengio and Stuart Russell. Musk, whose carmaker Tesla (TSLA.O) is using AI for an autopilot system, has been vocal about his concerns about AI.

☆ MacKenzie Scott says she's given away almost $2 billion this year
▼ + stars: | 2022-11-27 | by ( Sam Tabahriti | ) www.businessinsider.com time to read: +2 min

MacKenzie Scott has donated $2 billion to charities this year, per her most recent Medium post. With a net worth of $26 billion, she's become one of the world's most generous billionaires. The 52-year-old philanthropist and former wife of Jeff Bezos has a net worth of $28 billion, according to Forbes. The funds donated by Scott this year are in addition to the $12.5 billion she's given away since signing up to the Giving Pledge. On November 14, Scott wrote a blog post on Medium outlining her most recent donations.

☆ Jeff Bezos donates a total of $123 million to 40 groups fighting homelessness after vowing to give away majority of his wealth
▼ + stars: | 2022-11-24 | by ( Kate Duffy | ) www.businessinsider.com time to read: +3 min

Jeff Bezos is giving away $123 million to an array of groups combatting homelessness in the US. MacKenzie Scott, his ex-wife, also supported housing groups by donating mansions worth $55 million. Inc.Other groups that were given grants included Homeless Alliance, Samish Indian Nation, and LA Family Housing, per the press release. "Honored to support these groups," Bezos wrote in the Instagram post. Like Bezos, Scott has also contributed to housing charities.

☆ A Beverly Hills mansion that MacKenzie Scott donated to a housing charity sold for $37 million, report says
▼ + stars: | 2022-11-20 | by ( Sam Tabahriti | ) www.businessinsider.com time to read: +2 min

MacKenzie Scott gave two Beverly Hills mansions to a housing charity in September. The 12,000-square-foot home was one of two properties given to the California Community Foundation by Jeff Bezos's ex-wife in September. Bezos and Scott bought the home in 2007 for about $24.5 million. The Spanish-style home in Beverly Hills has sold for $37 million. California Community Foundation didn't immediately respond to a request for comment by Insider.

☆ Latino leaders call for resignations over racist remarks while outlining 'principled path' to representation
▼ + stars: | 2022-10-24 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Edwin-Head-Shot-Copy.Jpg | Edwin Flores | ) www.nbcnews.com time to read: +3 min

A group of Latino academics and civic leaders are insisting on the resignations of Latino members of the Los Angeles City Council after a recording of racist remarks was leaked, while outlining the need to ensure that the city's Hispanics are represented politically in a way that still strengthens race relations. "It is time to chart a principled path for the role an emerging Latino majority plays in our community." “The City of Los Angeles is overdue for institutional reform, especially reform that depoliticizes the redistricting process,” they said. The City Council is up for election on Nov. 8. In the letter, the group requested the opportunity to meet with City Council leaders.

☆ MacKenzie Scott donates $15 million to a social enterprise that provides affordable eyeglasses to millions of people
▼ + stars: | 2022-10-13 | by ( Sam Tabahriti | ) www.businessinsider.com time to read: +2 min

Philanthropist MacKenzie Scott has given $15M to a social enterprise that provides cheap eyeglasses. VisionSpring said it'll help generate $1 billion in income for agricultural and artisan workers. Scott has pledged to give away most of her fortune as part of the Giving Pledge she signed in 2019. Scott recently gave two Beverly Hills mansions worth about $55 million to the California Community Foundation. It is the second time Scott has assisted the charity following her $20 million donation last year to establish the LA Arts Endowment Fund.

☆ Billionaire philanthropist MacKenzie Scott is reportedly getting divorced from her second husband
▼ + stars: | 2022-09-28 | by ( Avery Hartmans | ) www.businessinsider.com time to read: +3 min

MacKenzie Scott filed for divorce from her second husband, Dan Jewett, The New York Times reports. Scott, who's worth $27.8 billion, married Jewett in 2021 after divorcing Amazon founder Jeff Bezos. Now, Scott's Giving Pledge page contains a new headshot of her and no mention of Jewett. Recent recipients of grants from Scott have thanked only her, while in the past they thanked both her and Jewett, The Times reports. She recently donated two Beverly Hills mansions worth roughly $55 million to the California Community Foundation, a Los Angeles-area charity — in a statement about the gift, the foundation's CEO thanked Scott alone.

☆ MacKenzie Scott, Jeff Bezos' ex-wife, gives 2 Beverly Hills mansions worth $55 million to a housing charity
▼ + stars: | 2022-09-10 | by ( Sam Tabahriti | ) www.businessinsider.com time to read: +2 min

MacKenzie Scott, the former wife of Jeff Bezos, gave two Beverly Hills mansions to a housing charity. She donated the properties, worth $55 million, to the California Community Foundation. The properties are located on N. Alpine Drive near Coldwater Canyon Park in Beverly Hills. The California Community Foundation said the donation by the 52-year-old billionaire and philanthropist would allow it to create more affordable housing in Los Angeles. Bezos and Scott's Spanish-style home in Beverly Hills.

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