Mackenzie Scott gives $50M to Native Forward for scholarships and endowment
Philanthropist MacKenzie Scott has donated $50 million to the Native Forward Scholars Fund to support Native American students through scholarships and a permanent endowment. This is the largest single gift in the organization's history and follows a previous $20 million donation in 2020.
Why it matters
The donation significantly bolsters financial aid for Native American students, addressing a critical gap in higher education funding.
Native Forward Scholars Fund (NFSF) has announced how it will use the entire $50 million unrestricted donation it received from philanthropist and Amazon founder Jeff Bezos' former wife, MacKenzie Scott. The organisation said every dollar of the gift will go towards supporting Native students through scholarships and long-term funding.NFSF provides scholarships to Native American students. According to the organisation, the funding will be divided into two parts. It will spend $10 million over the next five years to expand scholarships, adding around $2 million each year. The remaining $40 million will be placed into a permanent endowment that will continue supporting students for years to come.The announcement comes as the organisation says more students are seeking financial help for higher education.
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