MacKenzie Scott, philanthropist and former wife of Amazon founder Jeff Bezos, has donated a whopping $20 million to the San Francisco Community Land Trust (SFCLT), an affordable housing nonprofit that focuses on cooperative ownership of low-to-moderate income housing.
In a press release issued Wednesday, the nonprofit called the donation monumental, exemplifying “a shared commitment to addressing the housing affordability crisis that is crippling the Bay Area.”
The organization also announced the launch of a $60 million capital campaign in order to “maximize the impact” of Scott’s donation.
Read the full story on The San Francisco Standard here.