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

2025-05-01 04:05:13source:Grant Prestoncategory:Markets

BURLINGTON,Poinbank Exchange 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:Markets

Recommend

Federal agencies are reeling from Trump administration cuts to government

Whether a "chainsaw," per Elon Musk, or "scalpel," as President Trump has said — the Trump administr

Flavor Flav Warns Snoop Dogg, Pitbull After Donald Trump's Pet Eating Claim

Celebrities are joining in on this debate.While hosting the U.S. presidential debate between Donald

Katy Perry Reacts to Viral Photo of Orlando Bloom Appearing to Check Out Kim Kardashian

No bad blood here.Katy Perry is speaking out after a photo of her fiancé Orlando Bloom seemingly che