Poinbank|Philanthropist MacKenzie Scott gives Vermont housing trust $20M, largest donation in its history

2025-04-30 03:54:38source:Benjamin Caldwellcategory:Finance

BURLINGTON,Poinbank Vt. (AP) — A housing trust in Vermont has received $20 million — the largest donation in its history — from billionaire philanthropist MacKenzie Scott.

Representatives for Champlain Housing Trust said Wednesday that Scott made the donation through her fund, Yield Giving. Scott, one of the richest women in the world and the ex-wife of Amazon founder Jeff Bezos,. has given more than $14 billion to hundreds of charities over the last three years.

The trust, which has existed for almost four decades, said it will use the money to further its mission of developing affordable homes in northwestern Vermont.

Champlain Housing Trust chief executive officer Michael Monte said the donation reflects Scott’s confidence in the trust’s “efforts to address the region’s housing crisis, the work we do in supporting people in need, and the track record of serving our communities over the last 40 years.”

More:Finance

Recommend

What do we know about the mysterious drones reported flying over New Jersey?

A large number of mysterious droneshave been reported flying over parts of New Jersey in recent week

Iowa now bans most abortions after about 6 weeks, before many women know they’re pregnant

DES MOINES, Iowa (AP) — Iowa’s strict abortion law went into effect Monday, immediately prohibiting

Park Fire is the largest of more than 100 fires currently ablaze across US

Wildfire smoke continued to spread in the western U.S. Monday as dozens of large fires burned across