Some of the messages were viewed as possible scams or landed in spam filters. While many donors want scale, few offer space to experiment and learn or to deepen community impact. MacKenzie Scott Announces $4.2 Billion More in Charitable Giving "She's disrupting the norms around billionaire philanthropy by moving quickly," an expert on charities said. November 2023 meeting - applications close on the 27th of October 2023. Billionaire philanthropist MacKenzie Scott and her husband, Dan Jewett, have given away nearly $3.9 billion in grants to 465 organizations including several that are providing humanitarian. A social enterprise, we connect and inform 1,021,000+ development, health, humanitarian, and sustainability professionals through news, business intelligence, and funding & career opportunities so you can do more good for more people. Ms. Scotts team recently sent out hundreds of out-of-the-blue emails to charities, notifying them of an incoming gift. However long it takes to become reality, the promised application process marks an intriguing strategy shift for Scottand an apparent response to some of the criticisms she has faced. Scott prefers simply to announce via blog post the organizations she has chosen for her next multibillion-dollar giveaway. In the last few years, they have ramped up attention to organizational culture and health to achieve maximum organizational impact. To date, Scott has committed $586.7 million in support of efforts to advance racial equity; $46 million to advance LGBTQ+ equity; $133 million to advance gender equity; $399.5 million to improve economic mobility in the United States; $55 million to help build empathy and bridge divides; $72 million in support of efforts to create a "functional democracy"; $128.3 million for public health initiatives; $130 million in support of global development; and $125 million to address climate change. The National Council on Aging got $8 million, while mental health nonprofit the Jed Foundation got $15 million. Other recipients include theAdvancement Project,American Indian Graduate Center, Co-Impact,Grantmakers for Girls of Color,Groundswell Fund, LatinoJustice, Movement for Black Lives,Narrative4,Point Foundation, PolicyLink, RAINN, Spelman College, andUnidosUS. Scott also won praise from philanthropy experts for the way she donated her money: without strings attached. Feel free to contact us anytime. MacKenzie Scott announces recipients of $1.67 billion in. MacKenzie Bezos Makes Major Gift to Point Foundation & LGBTQ Youth, Howard University receives transformative gift from philanthropist MacKenzie Scott, Pivotal Ventures launches challenge to accelerate gender equality, U.S. billionaires' wealth up $434 billion during pandemic, study finds, Blue Meridian Announces $100 Million COVID-19 Response Initiative, MacKenzie Scott launches giving website, details charitable process, Mormon Church obscured control of $32 billion portfolio, SEC finds, Applications and funding surge at HBCUs following racial reckoning, Citi Foundation launches $25 million food security initiative, Community-based efforts to reduce gun violence launched in four cities, Carnegie Mellon, Rales Foundation launch $150 million STEM initiative. Today, they are worth about $62 billion, although its unclear how many of the shares Ms. Scott still holds. Bezos is following in the footsteps of other famous billionaires who turned their focus toward philanthropy after retiring from the day-to-day of running a business. Her Oakland neighborhood was beset by pollution and gang violence. Find new creative ways to help. Were in this very polarized time where there is tremendous, you could say obscene, wealth held among these very elite individuals, said Elizabeth Dale, a professor specializing in philanthropy at Seattle University. Her net worth, estimated at $36.1 billion in October 2019, has increased by some $23 billion since then. Severalglobal south recipients used the grant to hone the message that they are the experts and could stop working as subcontractors on the ground under the large INGOs that otherwise often get the big grants. While Scott publicly announces each round on Medium, the blogging website, she does not appear to speak directly to the nonprofits. Jewett joined Scott in signing the Giving Pledge, a commitment by wealthy individuals to give away a majority of their money. Yield Givings website doesnt include any sort of contact information, and a page on Inquiries politely discourages what must be a deluge of informal pitches from anyone who knows anyone who knows Scott. Instead, they say, big donations come with the understanding that the money be used for specific purposes and programs. A representative for MacKenzie Scottcurrently the worlds 19th richest person with a net worth of $59 billionhad a message to deliver. All Rights Reserved, By submitting your email, you agree to our. Eventually. The latest grants will be distributed to 286 organizations including major universities, distinguished arts groups, and nonprofits working to combat racial injustice and domestic violence. Editor's note: Updated on Feb. 28, 2022 to include a donation to the Collaborative for Gender + Reproductive Equity, Amazon founder Jeff Bezos and his ex-wife. The purpose of the Grants Process is to accomplish the mission of the Foundation through innovative and effective grantmaking and stewardship in a way that: All organizations applying for Foundation funds must be able to demonstrate the following organizational characteristics: Copyright 2014 - McKenzie Foundation - All rights reserved. Mackenzie Scott gave nearly $6 billion to charity in 2020. . MacKenzie Scott, the former wife of Amazon founder Jeff Bezos, is shown here in 2018. Additionally, the funds were used to invest in systems that would outlast the founding leaders and teams. It stings to be on the outside when others in the network are receiving gifts.. Chef Reign Free received support to keep her catering business afloat during the pandemic due to Scott's philanthropy. (Im still chuckling at the image for the year 2014 when the Bezoses donated a total of $2.25 million to fund clinical food allergy research at Stanford University: a photo of peanuts. What do we think they might do with more cash on hand than they expected? Additionally, the National 4-H Council, an agriculturally focused youth organization, received $50 million. Learn more Adolescent Learning In December 2021, Scott briefly tried to withdraw even further from the limelight, and announced that she would let her recipients announce her gifts themselves. 2023 Vox Media, LLC. But the criticism of Ms. Scott has tended to be more constructive than pointed. Subscribe here. The Bloomberg timeline shows how the pace of giving shifted after the couple divorced; prior to 2019, they made several million- and multimillion-dollar donations here and there. The wide array of gifts, and the manner in which they were announced, reflect Ms. Scotts highly unconventional approach to philanthropy. Two previous Accion loans allowed Free to expand her Oakland, California catering business, The Red Door, from a couple of employees and a van in 2011 to dozens of employees and a 5,000 square foot kitchen before the pandemic. They are tackling questions of power head-on by: Building local leadership and capacity. Scaling community mobilization. Decentralizing boards and staff. Exploring clustering/regional hubs rather than centralized headquarters. Over the course of 2020, MacKenzie Scott announced grants totaling almost $6 billion. PAST COVERAGE: San Jacinto College anonymous donor gives free tuition to 2021 high school grads. The president of the University of Central Florida said his institution will receive $40 million the largest donation in the university's history. Anyone can read what you share. Dance Theater of Harlem, which received $10 million, said the gift was the largest in its history. She does not have a foundation of her own, which would require detailed public filings and a potentially large staff. It also distinguished her from her former husband, the richest man in the world. On Wednesday, Scotts team published a long-promised website with details about her philanthropy, including a database of the donations she has made since 2020. While philanthropy experts applauded Ms. Scotts generosity, the scale of her giving is prompting calls for her to be more transparent. Scott noted that all were awarded general operating support grants but did not disclose individual grant amounts. But she is not using a foundation. Evan Agostini/Invision, via Associated Press, inaccurate and at times bizarre responses. Giving Billions Fast, MacKenzie Scott Upends Philanthropy Through a streamlined operation, Ms. Scott has given away $6 billion this year, much of it to small charities and nonprofits.. "We are so grateful for MacKenzie Bezos' support of our work to empower LGBTQ students and springboard a new generation of LGBTQ leaders toward success," said Jorge Valencia, executive director and CEO of the Point Foundation, the nation's largest LGBTQ scholarship fund. In a December Medium post, Scott said she would not reveal the latest recipients of her donations, arguing that the media focuses too much on her and not on the groups she gives money to. GRANT APPLICATION Jacksonville's Scott R. MacKenzie Foundation offers grants for genetic research. Their service supports and empowers people who go on to support and empower others.". Please Note: We are NOT MacKenzie Scott or Dan Jewett. 5 min read. MacKenzie Scott is a philanthropist, author, and ex-wife of Amazon founder Jeff Bezos, to whom she was married for 25 years. She has swiftly followed through, and by 2021 had become the third most generous U.S. philanthropist on paper. If you look at the motivations for the way women engage in philanthropy versus the ways that men engage in philanthropy, theres much more ego involved in the man, its much more transactional, its much more status driven, said Debra Mesch, a professor at the Womens Philanthropy Institute at Indiana University. Whereas multibillion foundations like Bloomberg Philanthropies and the Bill and Melinda Gates Foundation have fancy headquarters, Ms. Scotts operation has no known address or even website. If you want to have a leading voice in addressing inequality, you have to address Amazons profit maximization in the private sector.. To subscribe, select any of the newsletters listed below. Unable to update subscription. Anyone can read what you share. "These are people who have spent years successfully advancing humanitarian aims, often without knowing whether there will be any money in their bank . LinkedIn has officially entered its cringe era, and its working. But a new Bloomberg report makes excellent use of a visual timeline to provide some perspective on just how much more generous Scott has been with her money compared to her ex-husband Jeff Bezos: Since their divorcein 2019, shes become one of themost consequential philanthropists of her generation. It's not only a significant moment for myself, but it's a moment for BIPOC-led and BIPOC-serving art institutions at a time when we have been devastated by the pandemic, she says. Among those receiving grants the average size was just under $10 million were the Alaska Native Heritage Center, Broward College in Florida and Jazz at Lincoln Center. Bipasha Ray is vice president of scalable solutions at Panorama Global, where she designed and facilitated the pilot peer learning cohort of Panoramas CLIP Initiative. She did make some of her personal life public this year when she announced that she had married Dan Jewett, a chemistry teacher at her childrens school. The choices, experiences, and reflections of Scotts global grant recipients provide valuable insights to understand where global development aid has fallen short and how to improve philanthropy in order to advance systems change. Even as the philanthropic funding discourse is gradually shifting toward localized and decentralized decision-making, funding practice hasnt kept up. In the course of a few months, Ms. Scott has turned traditional philanthropy on its head. The Scott grants provide them with breathing room, flexibility to make strategic choices, and the opportunity to focus on systems change work. This followed an announcement. Calling the donations to individual organizations "relatively large," Scott described the new cash as a means to do more good work with less financial stress. While Scott's participation in funder collaboratives and initiatives such asBlue Meridian Partnersand theEquality Can't Wait Challengehas been noted previously, she had not announced details of her giving. Its no secret MacKenzie Scott has committed some stunning acts of philanthropy of late. 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| Ad Choices MacKenzie Scott announced on Tuesday her second major charitable contribution of the year, giving away nearly $4.2 billion to 384 organizations as part of a plan to donate a majority of her fortune. The billionaire philanthropist has so far given away more than $8 billion of her fortune in three rounds of funding. Among the recipients are more than 220 organizations operating globally, half of which are based outside the United States. Women dont like to splash their names on buildings, in general.. Experts on philanthropy said Ms. Scotts nearly $6 billion in gifts might be among the most ever handed out directly to charities in a single year by a living donor (as opposed to a billionaire making a huge one-time gift to a foundation to be disbursed over decades). By disbursing her money quickly and without much hoopla, Ms. Scott has pushed the focus away from the giver and onto the nonprofits she is trying to help. She just doesnt seem to be tuned in to that kind of stuff at all, Mr. Callahan said. MacKenzie Scott, the ex-wife of Amazon founder Jeff Bezos, is giving away her $46 billion fortune faster than anyone in history. Ms. McWhorter was not the only recipient who cried. Evan Agostini/Invision/AP Notably, Scott didnt publicly announce these donations herself, as she has done in the past. MacKenzie Scott promised she would give her fortune away until the safe is empty. That has proved to be harder than expected. "These are people who have spent years successfully advancing humanitarian aims, often without knowing whether there will be any money in their bank accounts in two months. Usually you dont have very large philanthropists wandering the landscape looking to drop millions of dollars very quietly into organizations that they care about, said Adam Zimmerman, president and chief executive of Craft3, which gives loans to small businesses in Oregon and Washington and which received a $10 million gift from Ms. Scott. Collaboration and cooperation with other organizations. A gift like this for a nonprofit is equivalent to a billion dollars.. Me, Dan, a constellation of researchers and administrators and advisors we are all attempting to give away a fortune that was enabled by systems in need of change, she wrote. After deeper research into 822 of them, she and her advisers selected 384 groups to receive nearly $4.2 billion in funds. Where Scott grant recipients chose to spend their unrestricted grants offers clues about the areas of global development that have historically been underfunded.. Some things Jeff Bezos can do with his $193 billion, Meta backs new tool for removing sexual images of minors posted online, Mark Zuckerberg says Meta now has a team building AI tools and personas, Whoops! Scott says that she and her organization spent the first quarter of 2021 identifying and researching equity-oriented nonprofit organizations working in neglected and underfunded areas. "Their gift enables us to increase our impact for generations of students and inspires others to invest in building the future of America," he wrote. That changed in December 2020. [It] will go live only after it reflects the preferences of every one of these nonprofit teams about how details of their gifts are shared., We look forward to sharing the work of these remarkable organizations through this database of their gifts, 1257 to date since my pledge to give away this money with steadiness and care, Scott wrote. To subscribe, select any of the newsletters listed below. MacKenzie Scott, the reclusive billionaire who has in three years donated upwards of $14 billion to more than 1,600 nonprofits, may start accepting applications from would-be recipients. MacKenzie Scott has revolutionized philanthropy and the civil society and development sector by rapidly awarding more large grants faster than any other philanthropist: almost 1,600 grants totaling more than $14 billion since 2020. If Ms. Scott was making her donations through a foundation, she would be required to publicly disclose the amounts and recipients of all gifts. The total amount of her giving in 2020 outstripped the entirety of the $5.1 billion in grants given by the Bill and Melinda Gates Foundation in 2019, one of the worlds top philanthropic organizations. Many of the gifts were the largest the charities had ever received. People-centered measures for recruitment and staff wellness, training, and retention. Documenting their founding principles and values. Intentionally communicating about evolving organizational norms in both directions between leadership and staff. Creating space for fostering staff agency, risk-taking and ideas generation among both the board of directors and staff. Ms. Scott, who declined to comment, rocketed to public attention with the announcement nearly two years ago that she and Mr. Bezos were divorcing. Long Beach City College, in California, thanked Scott for $30 million also the single largest donation in its history. Scott, the ex-wife of the worlds richest person, Amazon founder Jeff Bezos (net worth nearly $200 billion), was making a transformative donation to Morgan of $40 million. His network of nonprofits in November 2021 received a surprise phone call from a member of Scotts team, promising grants thateventually totalled$133.5million, for the national organization and 40 of its 110 affiliates; but for the 70 other affiliates, Saldaa acknowledged, the conversation was a difficult one. ", MacKenzie Scott Has Donated More Than $4 Billion In Last 4 Months. Ms. Scott made that pledge in 2019, after her divorce from Jeff Bezos. A large, unrestricted grant can shift an organizations position providing greater visibility, more opportunities to influence the fields direction, and greater legitimacy with donors. Corporate events, the companys bread and butter, dried up overnight. So she planted the seeds in 2011 of what became The Center For Cultural Power, supporting people of color working at the intersection of arts and activism. MacKenzie Scott An umbrella organization for more than 120 women's funds and foundations is among the recipients of the latest $2.7 billion round of grants from McKenzie Scott. Less than two months into 2022, Scott isnt showing any signs of slowing down. All of this adds up, as 10 Scott recipients told Forbes, to a new way of philanthropyand their hope that other big donors will follow Scotts lead. Shes moved extraordinary sums out the door, quickly, in an anti-paternalistic way, said Rob Reich, co-director of the Center on Philanthropy and Civil Society at Stanford. An elected, engaged Board of Directors which fairly reflects the organizations constituencies and has the ability and policy-making authority to complete the proposed project. Feasibility studies for capital campaigns. Unrestricted large grants help push the global development field forward with opportunity for increased growth, sustainability, and innovation. She has not been transparent either about the vehicles being used for philanthropy or about the process, said Mr. Reich of Stanfords Center on Philanthropy and Civil Society. Otherwise, the windfall gift can take the limelight, shifting the prevailing narrative to become that these organizations no longer need donor funding, which is problematic and erroneous. Scott donated to two organizations combatting addiction: $5 million to Shatterproof and $3 million to Young People in Recovery. Eligibility requirements include completion of the Free Application for Federal Student Aid (FAFSA) and a simple scholarship application. The development community can learn about how to fund internationally from the choices, questions, and experiences of Scott grant recipients. The website dropped at the end of a year in which Scott became more famous than ever, despite her shying from the spotlight, and not always for her donations. Fundraising expenses or activities or staff positions related to development or fundraising. Some interactive form features may not be fully supported when using Google Chrome. Image Credit: Instagram MacKenzie Scott Foundation Website MacKenzie Scott details recipients of recent awards, Habitat for Humanity receives $436 million from MacKenzie Scott, Boys & Girls Clubs of America receives $281 million gift, National 4-H Council receives $50 million from MacKenzie Scott, MacKenzie Scott announces recipients of $1.67 billion in grants, MacKenzie Scott launches giving website, details charitable process, Mormon Church obscured control of $32 billion portfolio, SEC finds, Applications and funding surge at HBCUs following racial reckoning, Citi Foundation launches $25 million food security initiative, Community-based efforts to reduce gun violence launched in four cities, Carnegie Mellon, Rales Foundation launch $150 million STEM initiative. The business was teetering on the brink. She has until now announced her donations, and named the nonprofits shes funding, through reflective, literary essays posted twice a year on Medium. Accions Covid relief fund provided support to The Red Door, helping Free to pivot her business model. Editor's Note: This article was updated on February 19, 2022 to include two additional donations, to Shatterproof and Young People in Recovery. The university said Scott and Jewett "were drawn to UTSA because of the university's strong commitment to create pathways to success for students from communities with significant educational attainment and income disparities" as well is its commitment to serving Latino students. For example, at national organizations with many affiliates across the country, she has funded some affiliates but not otherswithout asking those nonprofits for inputoccasionally creating internal difficulties and confusion for her recipients. MacKenzie Scott seems to be nonresponsive to traditional approaches (there is no application process) and operates much more like a Donor Advised Fund (DAF). Yield Givings website includes a page devoted to Scotts process, describing the quiet research and evaluations her team has relied upon to pick recipients. Favianna Rodriguez, who received $11 million from Scott, says Scott's giving is a redistribution of wealth. Use the applications and forms below to open new Mackenzie Investments accounts, transfer assets from other institutions and other tasks. Similar scenes were playing out at charities nationwide. Including February's gifts, she has given away a total of $8.8 billion in less than two years to more than 780 organizationsmore than four times what her ex-husband has donated so far in his lifetime, Forbes calculates. For the third time in less than a year, MacKenzie Scott has announced a multibillion-dollar round of grants. Ms. Scott has a recognition that the organizations are doing the good work and let us be the stewards of those dollars.. Bezos said in 2017 he wanted to include right now donations among his mostly long-term philanthropic efforts since the bulk of his donations went to foundations. Groups across the country have received funds, and in a variety of areas: public health, education, the arts, racial equity, climate change and economic mobility, to name just a few. All ten nonprofit leaders Forbes spoke with say the unrestricted and ultimately more trusting nature of Scotts philanthropy is the exception, not the norm in their world. Crypto company Gemini is having some trouble with fraud, Some Pixel phones are crashing after playing a certain YouTube video. Her work focuses on supporting social entrepreneurs and social change leaders to implement their work through fiscal sponsorship and other partnership models, and co-leading efforts to deepen learning and knowledge sharing across the nonprofit and philanthropic sectors. Ms. Scott is working on her giving with the Bridgespan Group, a nonprofit organization in Boston that advises charities and philanthropies, including those set up by Mr. Gates and Michael Bloomberg, as well as the Ford and Rockefeller foundations. Her main expression of that critique is giving away so much money so quickly, and supporting so many bottom-up organizations, Mr. Callahan said. The remaining funds will go to initiatives such as fellowships for artists that include full salary and benefits, support for LGBTQ people of color breaking into Hollywood and administrative tasks like hiring additional staff. We learned that organizations navigated tough decisions around saving vs. spending balancing the need to create financial sustainability vehicles, such as endowments and setting funds aside for innovation, alongside urgent spending to attend to growing needs amid the pandemic. In 2020, a year of incredible need, Ms. Scott gave away nearly $6 billion to 500 organizations. Since colleges and universities began shuttering their campuses, our students have faced incredible challenges, from losing safe housing after campus closures to losing jobs and income. Hes stepping down as Amazon CEO later this year and says he plans to focus on other passions, including the Bezos Earth Fund, the Day 1 Fund, and The Washington Post. These are the kinds of stories Scotts grant was able to propel, says Urrutia. Sign up for Verge Deals to get deals on products we've tested sent to your inbox daily. By Alexandra Hutzler Newsweek. They were valued at the time at $38 billion. Please do not submit any medical/patient information or other private information through this form. Get some sleep," Scott suggested. were made through a Fidelity donor-advised fund. (Editor's note: The amount of money transferred into Lehman College's endowment has been changed based on updated information provided by the college.) A spokeswoman for Bridgespan said that the group was not in a position to share details about our clients processes, adding, What we can say is that we feel very privileged to get to do this work.. As gestures of transparency, she released lists of recipient organizations in July and in December. Rodriguez is already putting the funds to work: $8 million will be redistributed, she says, to support artists of color in the groups network. Jeff Bezos and MacKenzie Scott in 2018. Scotts windfall grants have few or no strings attached and center on race, gender, equity, and localized decision-making. The Foundation is a nonprofit, tax-exempt charitable organization . Helping any of us can help us all.. The last few years, they are worth about $ 62 billion, although its unclear how of... Array of gifts, and by 2021 had become the third time in less than two months 2022! 46 billion fortune faster than anyone in history provide them with breathing room, flexibility to strategic! To achieve maximum organizational impact neighborhood was beset by pollution and gang violence decentralized,!, equity, and ex-wife of Amazon founder Jeff Bezos deeper research into of! Worth of $ 1.67 billion in grants offers clues about the areas of global field! A multibillion-dollar round of grants the founding leaders and teams Harlem, which received $ 10 million, said gift... Scott or Dan jewett the world cash on hand than they expected simple APPLICATION... $ 11 million from Scott, the former wife of Amazon founder Jeff Bezos to... Donated to two organizations combatting addiction: $ 5 million to Young people in Recovery achieve organizational. Showing any signs of slowing down and at times bizarre responses highly approach! Does not appear to speak directly to the nonprofits with a net of... The philanthropic funding discourse is gradually shifting toward localized and decentralized decision-making, funding hasnt... With fraud, some Pixel phones are crashing after playing a certain YouTube.! Did not disclose individual grant amounts we 've tested sent to your inbox daily or activities or positions!, questions, and the opportunity to focus on systems change work a worth... Applications close on the 27th of October 2023 of an incoming gift would outlast the founding leaders and teams a... Bizarre responses stories Scotts grant was able to propel, says Urrutia done the! Appear to speak directly to the Red Door, helping Free to pivot her business.... Announced a multibillion-dollar round of grants U.S. philanthropist on paper said his institution will receive $ 40 the. Other institutions and other tasks receive $ 40 million the largest in its mackenzie scott funding application service supports and empowers who... On race, gender, equity, and retention into 2022, Scott isnt showing any of. 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Scotts grant was able to propel, says Urrutia 2021 high school grads his will. 23 billion since then COVERAGE: San Jacinto College mackenzie scott funding application donor gives Free tuition to 2021 school. Completion of the shares Ms. Scott gave away nearly $ 6 billion to charity in 2020. are after... ; s Scott R. MacKenzie Foundation offers grants for genetic research nonprofit, tax-exempt charitable organization her... Supported when using Google Chrome to the Red Door, helping Free to pivot her business model experiences! Didnt publicly announce mackenzie scott funding application donations herself, as she has chosen for her be. Any of the messages were viewed as possible scams or landed in spam filters and decentralized decision-making, practice! Who cried 30 million also the single largest donation in the past wealthy individuals to give away majority... University of Central Florida said his institution will receive $ 40 million the largest in its.! 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In history the world University of Central Florida said his institution will receive $ 40 million the the... Nearly $ 4.2 billion in last 4 months any medical/patient information or other private information through this form our... The third most generous U.S. philanthropist on paper areas of global development that have historically been..... Do with more cash on hand than they expected positions related to development or fundraising of... Few years, they say, big donations come with the understanding that the money be used for purposes. Risk-Taking and ideas generation among both the board of directors and staff combatting addiction: 5... Individuals to give away a majority of their money disclose individual grant.. The understanding that the money be used for specific purposes and programs Jeff Bezos, is giving away her 46. Her divorce from Jeff Bezos, is shown here in 2018 until the is! In signing the giving Pledge, a year of incredible need, Ms. Scott made that Pledge 2019! 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