Get All Access for $5/mo

MacKenzie Scott Has Given Away Billions and Just Made a Record-Breaking Donation Following her divorce from Jeff Bezos and a $38.3 billion settlement, Scott became the world's richest woman in September 2020, with an estimated net worth of $60 billion at that time.

By Amanda Breen

Mackenzie Scott, billionaire philanthropist and ex-wife of Amazon founder Jeff Bezos, has donated $133.5 million to education nonprofit Communities In Schools (CIS), CBS News reports.

The donation, the largest unrestricted gift in the organization's history, could help millions of students across the country who have had their lives and educations upended by the Covid-19 pandemic.

According to CIS's website, its staff work in 2,900 schools in 26 U.S. states plus Washington, D.C., bringing communities of support to students and ensuring access to critical resources like food, technology and school supplies, emotional support and more. In the 2020-21 school year, 99% of CIS's students stayed in school for the duration of the academic year, 96% were promoted to the next grade level, and 93% of seniors graduated or recieved a GED.

Related: MacKenzie Scott Pens Essay on Philanthropy, Value of Donations

President and CEO of Communities in Schools Rey Saldaña, who is also an alumnus of the program, told CBS Mornings that he was overjoyed at the news of Scott's generous gift. "It's a once-in-a-lifetime opportunity because you think about all of the work that you can do," he said. "What this allows us to do is really bring community support inside our schools to empower students to not just graduate from school but achieve in life."

Following her divorce from Bezos and a $38.3 billion settlement, Scott became the world's richest woman in September 2020, with an estimated net worth of $60 billion at that time. She has donated billions of her fortune over the years.

In 2020, she gifted over $4 billion to 384 organizations across the U.S. in a four-month period, and she made headlines again in 2021 when she donated another $2.7 billion to 286 organizations on behalf of herself and her husband, Dan Jewett. Some of the organizations that received donations include the Save the Music Foundation, United States Artists, The Freedom Fund and Girls First Fund.

Related: Melinda French Gates, Mackenzie Scott Direct $40 Million to Empower Women

Forbes estimates Scott has a current net worth of $45.5 billion.

Amanda Breen

Entrepreneur Staff

Senior Features Writer

Amanda Breen is a senior features writer at Entrepreneur.com. She is a graduate of Barnard College and received an MFA in writing at Columbia University, where she was a news fellow for the School of the Arts.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Business Solutions

Right Now, You Can Get More Than 310 Hours of IT Training for Just $50

Stay ahead in tech with the CompTIA Super Bundle.

Business News

Here's What the CPI Report Means for Your Wallet, According to JPMorgan and EY Experts

Most experts agree that there will be another rate cut next week.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Starting a Business

How to Start a Freight Brokerage Business

Get your entrepreneurial destiny really moving by becoming a broker--matching shippers and transportation servicess--for the freight industry.

Business News

These Companies Offer the Best Work-Life Balance, According to Employees

The ranking is based on Glassdoor ratings and reviews.

Operations & Logistics

The Holidays Mean Vacation Time — But Disaster Can Still Strike. Is Your Crisis Plan Ready?

Holidays mean different working hours for companies and different schedules for employees that take off. Before you and your team enjoy some much deserved time off, it is important to put a crisis management plan in place so your business is ready to tackle any issue that crops up.