• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

I wrote that Boomers were choking America’s economy. Their responses to me were revealing

2

If Elon Musk merges SpaceX with Tesla he'll create a $3.4 trillion behemoth—with zero profits

3

When loyalty is rewarded: Top earners who stay in their jobs get much larger pay increases than those who switch

1

I wrote that Boomers were choking America’s economy. Their responses to me were revealing

2

If Elon Musk merges SpaceX with Tesla he'll create a $3.4 trillion behemoth—with zero profits

3

When loyalty is rewarded: Top earners who stay in their jobs get much larger pay increases than those who switch
SuccessDEI

Billionaire MacKenzie Scott doubles down on DEI with $42 million donation

Ashley Lutz
By
Ashley Lutz
Ashley Lutz
Executive Director, Editorial Growth
Down Arrow Button Icon
Ashley Lutz
By
Ashley Lutz
Ashley Lutz
Executive Director, Editorial Growth
Down Arrow Button Icon
October 10, 2025, 3:43 PM ET
Getty Images

MacKenzie Scott’s latest round of gifts sends a clear message: Her commitment to diversity, equity, and inclusion remains intact—and she’s doubling down on it through major, unrestricted support for scholarship providers serving students of color and underrepresented communities. Recent donations include a $42 million gift to 10,000 Degrees, a Bay Area nonprofit expanding college access for low-income and largely non-white students, alongside eight-figure commitments to Native student scholars and HBCU endowments through UNCF.

Recommended Video

Standing by DEI

  • Scott’s $42 million donation to 10,000 Degrees marks the largest single gift in the organization’s 45-year history, reinforcing her strategy of funding opportunity pipelines for first-generation and low-income students, many of whom are students of color.​
  • Her recent giving also includes tens of millions for Native Forward, the nation’s largest scholarship provider for Native students, signaling continued backing of racial-equity-centered education funds amid broader sector retrenchment on DEI. ​
  • The pattern aligns with Scott’s hallmark of large, trust-based grants to equity-focused organizations, providing flexible capital to scale access for underrepresented learners.

The UNCF anchor gift

  • In September, Scott donated $70 million to UNCF as part of a campaign to bolster pooled endowments across 37 HBCUs, a move designed to create durable revenue streams and narrow historical wealth and funding gaps versus predominantly white institutions.​
  • The gift—one of Scott’s largest—builds on her earlier support for Black higher education and reflects a multiyear focus on education equity as a cornerstone of her philanthropy.

How Scott gives

  • Scott’s model emphasizes speed, scale, and minimal restrictions: large grants delivered quickly and without strings, allowing grantees to deploy funds where needs are greatest and opportunities are most immediate.​
  • In 2024, she formalized part of her approach with an open-call process via Yield Giving, while retaining the element of surprise that has made her philanthropy unusually catalytic for recipients unaccustomed to such flexible major gifts.​

Track record and totals

  • Over the past five years, Scott has given more than $19 billion to thousands of organizations, with 2024 alone accounting for roughly $2 billion across nearly 200 grantees focused on economic security, housing, jobs, child development and postsecondary education, and health care.​
  • Her portfolio of large recipients spans affordable housing, health equity, education, and financial inclusion, with repeat funding to proven performers and a growing list of equity-centered institutions.​

No-strings-attached

  • Fortune’s previous reporting on Scott’s UNCF gift details its endowment-building design and the no-strings-attached nature of her grants, which are intended to accelerate institutional capacity at HBCUs over the long term.​
  • Scott’s $19 billion, five-year giving arc includes an operational shift toward “mission‑aligned” investing alongside grant making to multiply social impact, especially in economic mobility and education.​

What’s next in her giving plan

  • Scott, who pledged to give away billions following her divorce from Amazon founder Jeff Bezos, has signaled an expansion into mission-aligned investments that mirror her grant priorities, aiming to “withdraw” capital from portfolios that directly advance economic mobility, education, and health—then amplify that impact again through unrestricted nonprofit grants.​
  • Expect continued emphasis on trust-based funding, repeat gifts to high-performing grantees, and endowment-strengthening contributions that turn equity goals into durable institutional assets, particularly across HBCUs and scholarship ecosystems serving underrepresented students.

For this story, Fortune used generative AI to help with an initial draft. An editor verified the accuracy of the information before publishing. 

The Fortune 500 Innovation Forum will convene Fortune 500 executives, U.S. policy officials, top founders, and thought leaders to help define what’s next for the American economy, Nov. 16-17 in Detroit. Apply here.
About the Author
Ashley Lutz
By Ashley LutzExecutive Director, Editorial Growth

Ashley Lutz is an executive editor at Fortune, overseeing the Success, Well, syndication, and social teams. She was previously an editorial leader at Bankrate, The Points Guy, and Business Insider, and a reporter at Bloomberg News. Ashley is a graduate of Ohio University's Scripps School of Journalism.

See full bioRight Arrow Button Icon

Latest in Success

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Success

ap
Arts & Entertainmentbooks
Ann Patchett opened a bookstore everyone said would fail. Now it’s a blueprint
By Hillel Italie and The Associated PressJune 1, 2026
35 minutes ago
gp
PoliticsElections
‘Being married is hard’: Graham Platner’s wife rips media reports of her husband’s sexual texts as ‘gossip’
By Jesse Bedayn, Kimberlee Kruesi and The Associated PressMay 31, 2026
12 hours ago
Workday CEO Carl Eschenbach
SuccessCareers
Ex-Workday CEO says his career took off after he changed his attitude—and Amazon boss Andy Jassy swears by the same mindset hack
By Preston ForeMay 31, 2026
22 hours ago
ms
Arts & Entertainmentbaby boomers
Why the economy forces boomers to work longer, then vilifies them for it
By Lee Ann Rawlins Williams and The ConversationMay 31, 2026
1 day ago
Allison Danielsen is CEO, Tallo.
CommentaryCareers
My wrist injury derailed my college plans. It’s why I’m a CEO today
By Allison DanielsenMay 31, 2026
1 day ago
treble
CommentaryElections
I built a startup from scratch and still nearly died because of a broken healthcare system. That’s why I’m running for Congress
By Jonathan TrebleMay 31, 2026
1 day ago

Most Popular

I wrote that Boomers were choking America’s economy. Their responses to me were revealing
Personal Finance
I wrote that Boomers were choking America’s economy. Their responses to me were revealing
By Nick LichtenbergMay 31, 2026
1 day ago
If Elon Musk merges SpaceX with Tesla he'll create a $3.4 trillion behemoth—with zero profits
Investing
If Elon Musk merges SpaceX with Tesla he'll create a $3.4 trillion behemoth—with zero profits
By Shawn TullyMay 31, 2026
1 day ago
When loyalty is rewarded: Top earners who stay in their jobs get much larger pay increases than those who switch
Future of Work
When loyalty is rewarded: Top earners who stay in their jobs get much larger pay increases than those who switch
By Jacqueline MunisMay 30, 2026
2 days ago
A rare 'super' El Niño is looking more likely. Here’s what to expect
Environment
A rare 'super' El Niño is looking more likely. Here’s what to expect
By Brian K. Sullivan and BloombergMay 31, 2026
17 hours ago
Ex–Google CEO Eric Schmidt warns U.S. tech workers: Competing with China’s grueling 12-hour workdays means sacrificing work-life balance
Future of Work
Ex–Google CEO Eric Schmidt warns U.S. tech workers: Competing with China’s grueling 12-hour workdays means sacrificing work-life balance
By Marco Quiroz-GutierrezMay 30, 2026
2 days ago
Jamie Dimon tells Gen Z to 'learn how to think, learn how to earn respect' as he describes 'great meeting' with Zohran Mamdani
Success
Jamie Dimon tells Gen Z to 'learn how to think, learn how to earn respect' as he describes 'great meeting' with Zohran Mamdani
By Nick LichtenbergMay 29, 2026
3 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.