Yield Giving Organization Donates $10 Million for Affordable Housing

MacKenzie Scott’s philanthropic organization, Yield Giving, is donating $10 million to the National Housing Trust in Washington, D.C.—the largest donation NHT has ever received. That funding will be used to create and preserve affordable housing, support affordable rent payments for tenants, and make D.C. homes more sustainable, Fast Company reports.

Since its founding in 1986, the organization has helped to create and preserve more than 19,000 affordable units in 11 states and the District of Columbia. Because NHT owns most of the properties, it also ensures that tenants can afford rent by offering job training, hiring connections, job-placement programs, and other resources.

The group will be able to do more of this work with the $10 million from Yield Giving, which has donated billions of dollars since 2019, according to its website, to groups ranging from Habitat for Humanity to Planned Parenthood to the Lutheran Immigration and Refugee Service. It doesn’t require applications, rather it does “quiet research” to pinpoint organizations whose focus is to advance underserved communities

Read more