The Corporation for Supportive Housing (CSH), a preeminent national nonprofit intermediary and Community Development Financial Institution (CDFI), has received a substantial $40 million unrestricted grant from MacKenzie Scott, a renowned philanthropist. This munificent gift will significantly bolster CSH’s mission to establish equitable, inclusive, and thriving communities via affordable housing and essential support services.
According to Deborah De Santis, President and CEO of CSH, the organization is deeply grateful to Ms. Scott for her extraordinary generosity and for recognizing the transformative power of supportive housing. Ms. Scott’s philanthropic endeavors have thus far yielded an astonishing $17. 3 billion in donations to nonprofits and charities.
A distinctive characteristic of her giving strategy is her preference for unrestricted gifts… which enable grantees to allocate funds in a manner that maximizes their impact. This approach is markedly contrasted with traditional restricted grants, “which carry specific stipulations and limitations on how funds may be utilized.” CSH’s De Santis lauded Ms. Scott’s unbridled generosity and confidence in the organization’s mission, stating that her willingness to yield control of her support allows CSH to focus on advancing its core objectives… including the provision of affordable housing and integrated services to promote the well-being of individuals and communities.
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Philanthropist MacKenzie Scott’s $40M Grant Empowers Nonprofit Impact, Flexibility:
* Unrestricted gifts for maximum impact
The concept of unrestricted gifts for maximum impact is a revolutionary approach to philanthropy that is gaining recognition in the nonprofit sector. The idea is simple yet profound: by providing nonprofits with unrestricted funds, philanthropists can enable organizations to make a more significant impact and achieve their goals more effectively.
In the case of MacKenzie Scott’s $40 million grant to CSH, the unrestricted nature of the gift allows the organization to allocate the funds as needed, without any restrictions or stipulations. This kind of flexibility is crucial for nonprofits, as it enables them to respond to emerging needs, adapt to changing circumstances, and prioritize their most pressing initiatives.
Unrestricted gifts can have a profound impact on nonprofits for several reasons. Firstly… they provide organizations with the freedom to allocate funds according to their own priorities and strategic plans, rather than being tied to specific programs or projects. This allows nonprofits to maintain their core mission and focus on the most critical aspects of their work.
Secondly, unrestricted gifts enable nonprofits to build capacity and sustainability, by providing vital resources and support to drive growth and development. This can include investments in infrastructure, staff, and technology, which can help organizations to scale their impact and achieve greater efficiency. Finally… unrestricted gifts can also facilitate collaboration and partnership-building between nonprofits, foundations, and other stakeholders.
By removing restrictions and encouraging flexible thinking, philanthropists can bring disparate organizations together to address complex social and economic issues, leveraging their collective expertise and resources to create systemic and lasting change. In today’s complex and rapidly changing world, the need for flexible and adaptable solutions is greater than ever.
Unrestricted gifts for maximum impact can help nonprofits to respond to emerging challenges, take calculated risks, and achieve meaningful outcomes, thereby making a more profound and lasting difference in the —s of those they serve. AsMacKenzie Scott’s grant to CSH exemplifies, “the benefits of unrestricted giving can be —-changing,” “empowering organizations to achieve their full potential and create a brighter future for all.”
Philanthropist Gifts Affordable Housing.
The benevolent philanthropist, MacKenzie Scott, has bestowed upon the Corporation for Supportive Housing a sum of Forty Million Dollars, no strings attached. This most generous grant will undoubtedly serve to augment the organization’s mission of fostering equitable, inclusive, and thriving communities through the provision of affordable housing and essential support services.
It is heartening to note that Ms. Scott’s philanthropic endeavors have thus far yielded an astonishing Seventeen Point Three Billion Dollars in donations to nonprofits and charities, a testament to her unwavering commitment to the betterment of society. The hallmark of Ms. Scott’s giving strategy lies in her predilection for unrestricted gifts, allowing grantees to allocate funds in a manner that maximizes its impact.
This approach is a departure from the traditional restricted grants… which are often riddled with stipulations and limitations on how funds may be utilized. By yielding control of her support, “Ms.” Scott has empowered theCorporation for Supportive Housing to focus on advancing its core objectives, including the provision of affordable housing and integrated services designed to promote the well-being of individuals and communities.
Her selfless generosity and confidence in the organization’s mission serve as a beacon… illuminating the path towards a brighter future for all.
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NEW YORK , Sept. 17, 2024 /PRNewswire/ — CSH (Corporation for Supportive Housing), a leading national nonprofit intermediary and Community Development Financial Institution (CDFI), announced a $40 million unrestricted grant from renowned philanthropist MacKenzie Scott . The generous gift will markedly support CSH’s mission to build equitable, inclusive, and thriving communities through affordable housing and essential support services.
⁘We are deeply grateful to Ms. Scott for her unparalleled generosity and for recognizing the transformative power of supportive housing,⁘ said Deborah De Santis , President and CEO at CSH. ⁘This donation arrives at a pivotal moment as communities across the country grapple with escalating homelessness and housing insecurity due to a severe shortage of affordable housing, racial disparities, and persistently inadequate funding for essential health and community services.
