MacKenzie Scott Hands Out Life-Changing Gift: $10 Million Donation to Support Cook County Students' Higher Education
In a significant move, philanthropist MacKenzie Scott has donated $10 million to the George M. Pullman Educational Foundation, a nonprofit dedicated to providing Cook County students with access to higher education. This generous gift is part of Scott's ongoing efforts to support underprivileged communities.
The donation will help the foundation provide resources such as full-ride scholarships of up to $40,000 over four years and services designed to ensure that recipients graduate debt-free. Additionally, Pullman Scholars will receive monthly check-ins, career guidance, and mentorship from alumni who have successfully navigated their own educational journeys.
Scott's contribution comes at a critical time when the student debt crisis continues to plague the nation. The cost of attending Chicago-area universities can range from $22,000 to over $100,000 per year, making higher education increasingly unaffordable for many students.
In line with her philanthropic mission, Scott has donated more than $19 billion of her wealth amassed through Amazon shares as part of her 2019 divorce from Jeff Bezos. This latest donation is a testament to her commitment to empowering marginalized communities and providing them with the tools necessary to succeed in life.
The Pullman Educational Foundation's program offers a unique approach, allowing scholarship recipients to attend any accredited four-year college or university without restrictions on major or enrollment location. Currently, 109 students are enrolled in the program at institutions across the country, including five near Chicago.
With this $10 million donation, the foundation is poised to sustain and deepen its programming, ensuring that it can continue to meet the evolving needs of its scholars. As Eric Delli Bovi, executive director of the George M. Pullman Educational Foundation, noted in a statement, "This award gives us the breathing room to focus on students where they are, providing them with financial support, community, and critical skills that allow them to thrive."
In a significant move, philanthropist MacKenzie Scott has donated $10 million to the George M. Pullman Educational Foundation, a nonprofit dedicated to providing Cook County students with access to higher education. This generous gift is part of Scott's ongoing efforts to support underprivileged communities.
The donation will help the foundation provide resources such as full-ride scholarships of up to $40,000 over four years and services designed to ensure that recipients graduate debt-free. Additionally, Pullman Scholars will receive monthly check-ins, career guidance, and mentorship from alumni who have successfully navigated their own educational journeys.
Scott's contribution comes at a critical time when the student debt crisis continues to plague the nation. The cost of attending Chicago-area universities can range from $22,000 to over $100,000 per year, making higher education increasingly unaffordable for many students.
In line with her philanthropic mission, Scott has donated more than $19 billion of her wealth amassed through Amazon shares as part of her 2019 divorce from Jeff Bezos. This latest donation is a testament to her commitment to empowering marginalized communities and providing them with the tools necessary to succeed in life.
The Pullman Educational Foundation's program offers a unique approach, allowing scholarship recipients to attend any accredited four-year college or university without restrictions on major or enrollment location. Currently, 109 students are enrolled in the program at institutions across the country, including five near Chicago.
With this $10 million donation, the foundation is poised to sustain and deepen its programming, ensuring that it can continue to meet the evolving needs of its scholars. As Eric Delli Bovi, executive director of the George M. Pullman Educational Foundation, noted in a statement, "This award gives us the breathing room to focus on students where they are, providing them with financial support, community, and critical skills that allow them to thrive."