MacKenzie Scott gives $30 million to Silicon Valley housing nonprofit

MacKenzie Scott donated $30 million to Housing Trust Silicon Valley, the largest individual gift in the nonprofit's 25-year history, to address the Bay Area's affordable housing crisis. The funding will support housing initiatives over the next decade. The unrestricted gift from Scott's Yield Giving fund will accelerate the organization's lending, expand first-time homebuyer programs starting in 2026, and fund new staff for policy advocacy. CEO Noni Ramos said the donation allows the group to scale what works and take calculated risks. Scott's total philanthropy has surpassed $19 billion, including $436 million to Habitat for Humanity and a $55 million Beverly Hills estate to the California Community Foundation. Her 2024 giving included about $2 billion to nearly 200 organizations focused on housing and economic security.