MacKenzie Scott Hands Over $10 Million to Help Chicago Students Achieve Higher Education Goals
In a significant move aimed at alleviating the burden of student debt in Cook County, philanthropist MacKenzie Scott has donated $10 million to the George M. Pullman Educational Foundation. The donation brings together two main objectives: providing accessible higher education opportunities and equipping students with essential tools for career success.
The foundation's mission is made possible through scholarships ranging from up to $40,000 over four years, as well as on-demand mental health services, individual monthly check-ins, seminars, and career guidance. Moreover, Pullman Scholars have access to alumni mentors who provide ongoing support during their academic journey.
Scott's contribution underscores the pressing issue of skyrocketing college costs in the United States. A recent review found that Chicago-area universities charge between $22,000 and nearly $100,000 per year. By donating to the Pullman Foundation, Scott is addressing this issue directly.
The philanthropist has been actively involved in various charitable initiatives, including a record-breaking donation of $15 million to Community Investment Corp., which supports affordable housing efforts. In March 2024, she allocated $640 million through her "Yield Giving" venture, targeting nonprofits across the country.
While some scholarship programs come with specific restrictions on enrollment or academic pursuits, the Pullman Foundation offers its recipients more flexibility. These students can attend any four-year accredited college or university without such limitations.
Currently, 109 Pullman Scholars are enrolled at 40 colleges nationwide, including five near Chicago at prestigious institutions like Northwestern University and DePaul University. According to Eric Delli Bovi, the executive director of the George M. Pullman Educational Foundation, this donation will enable them to deepen their programming while maintaining their commitment to student support.
The contribution from Scott marks a significant milestone in the foundation's efforts to help Cook County students overcome educational hurdles. With this $10 million gift, the foundation can continue to provide critical resources and services that promote academic success and career readiness.
In a significant move aimed at alleviating the burden of student debt in Cook County, philanthropist MacKenzie Scott has donated $10 million to the George M. Pullman Educational Foundation. The donation brings together two main objectives: providing accessible higher education opportunities and equipping students with essential tools for career success.
The foundation's mission is made possible through scholarships ranging from up to $40,000 over four years, as well as on-demand mental health services, individual monthly check-ins, seminars, and career guidance. Moreover, Pullman Scholars have access to alumni mentors who provide ongoing support during their academic journey.
Scott's contribution underscores the pressing issue of skyrocketing college costs in the United States. A recent review found that Chicago-area universities charge between $22,000 and nearly $100,000 per year. By donating to the Pullman Foundation, Scott is addressing this issue directly.
The philanthropist has been actively involved in various charitable initiatives, including a record-breaking donation of $15 million to Community Investment Corp., which supports affordable housing efforts. In March 2024, she allocated $640 million through her "Yield Giving" venture, targeting nonprofits across the country.
While some scholarship programs come with specific restrictions on enrollment or academic pursuits, the Pullman Foundation offers its recipients more flexibility. These students can attend any four-year accredited college or university without such limitations.
Currently, 109 Pullman Scholars are enrolled at 40 colleges nationwide, including five near Chicago at prestigious institutions like Northwestern University and DePaul University. According to Eric Delli Bovi, the executive director of the George M. Pullman Educational Foundation, this donation will enable them to deepen their programming while maintaining their commitment to student support.
The contribution from Scott marks a significant milestone in the foundation's efforts to help Cook County students overcome educational hurdles. With this $10 million gift, the foundation can continue to provide critical resources and services that promote academic success and career readiness.