A California-based nonprofit dedicated to advancing quality education and career opportunities for students from low-income backgrounds just received a “transformational gift” from philanthropist MacKenzie Scott.
She donated $42 million this week to the group ‘10,000 Degrees’ to assist in its mission of “supporting students to, through, and beyond college”.
In their history of nearly a half century, 10,000 Degrees has worked with more than 80,000 students and awarded more than $113 million in scholarships, trying to break the cycle of generational poverty in the U.S. and create a positive ripple effect in the lives of students and their communities for generations to come.
“We are deeply grateful for Ms. Scott’s confidence and investment in our mission and proven college success model,” said Kim Mazzuca, President and CEO of 10,000 Degrees.
“This extraordinary gift is not only a bold affirmation of the power of education, but it is a vital investment in our communities at a time when it’s needed most.”
Scott, who was formerly married to Amazon founder Jeff Bezos, has been giving away her fortune by the billions to charities and nonprofits worldwide.
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A media release said this new grant will allow 10,000 Degrees to address the educational opportunity gap by serving more students with college and financial aid advising, scholarships, and mentorship support from recent college grads, to help them navigate a pathway toward success.
“Our mission has always been to ensure that every student, no matter their background, has a real chance to achieve their potential and to live a healthy, happy and prosperous life,” said Mazzuca.
“Ms. Scott’s gift will have a profound and lasting impact – significantly increasing support for our students from their first step toward college through graduation and into meaningful careers,” said Guy Lampard, chair of the board of directors.
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“With this support, our students can build generational stability for themselves, their families and their communities, forever.”
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