Billionaire and philanthropist MacKenzie Scott donated two Beverly Hills mansions to the California Community Foundation to help with affordable housing.
Barrios said the foundation plans to sell the property and use the money elsewhere. Every year the foundation donates tens of millions of dollars to education, immigration, health and housing. Scott’s donation will mostly help with housing.
This is Scott’s second major donation to the California Community Foundation. In 2021 she donated $20 million to establish the LA Arts Endowment Fund which will support diverse, small to mid-size arts organizations in the Los Angeles area. California Community Foundation’s Paula Valle said they receive state and federal funding, but much of their success is due to donations – both small and big – from private people like Scott.
“For this year alone we can talk about being able to give more than $440 million in grants to non-profits because that’s what we were able to do,” Valle added. “Specifically in housing we were able to give out about 24 million dollars.”
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