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

2025-05-02 09:40:00source:Indexbit Exchangecategory:Stocks

BURLINGTON,Algosensey 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:Stocks

Recommend

Hackers hit Rhode Island benefits system in major cyberattack. Personal data could be released soon

PROVIDENCE, R.I. (AP) — Cybercriminals could release personal data of many Rhode Islanders as early

Who was behind the explosions in Crimea? Ukraine and Russia aren't saying

KYIV, Ukraine — Days after explosions at a Russian air base on the Crimean coast, no side has offici

Shawn Mendes Clears the Air on Sabrina Carpenter Dating Rumors

There's nothing holdin' Shawn Mendes back from addressing rumors about his love life.Almost a month