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MacKenzie Scott Donates $42M to Marin Education Nonprofit

by Priya Shah – Business Editor

Local ⁤Nonprofit 10,000 Degrees Receives⁤ Meaningful Grant from MacKenzie Scott

A Marin County-based nonprofit, 10,000 Degrees, has been⁣ awarded a substantial grant‌ from philanthropist MacKenzie Scott, signaling ⁣a major boost ⁤for its college access and success programs. While the exact amount of the grant hasn’t been ​disclosed,⁢ the organization’s leadership anticipates significant expansion as ​a result.

According to Kim Mazzuca, ‌Executive Director of 10,000 Degrees, Scott’s organization had been evaluating the nonprofit’s performance ⁤for some time, with a particular focus on student outcomes.

10,000 Degrees currently supports 12,000 high school students‍ and 4,300 college‌ students across​ eight Bay Area counties – Marin, Napa, Lake, Sonoma,⁤ Contra Costa, San Mateo, San Francisco, and Santa Clara. The organization provides ⁤a comprehensive suite of services including peer support, financial aid guidance, workshops,⁤ small‌ group instruction, and scholarships.

In the ⁤past⁢ year alone, 10,000 Degrees distributed $10 million in scholarships to college students, and assisted them in ⁢securing an‍ additional $73 ⁣million in financial aid. college⁤ students also benefit from a paid peer mentor ⁢who provides support⁣ navigating challenges related to ⁤housing,​ academics, transportation, and healthcare.

The nonprofit’s high school program​ focuses on guiding students toward‌ attending ⁣community college for two years before transferring to a four-year university. Mazzuca highlighted the success of this ⁢model, noting that 10,000 ​Degrees students demonstrate improved outcomes by beginning their higher‌ education​ journey at a⁢ community college.

The ⁢new funding will allow 10,000 Degrees‌ to broaden its impact, both‍ within existing ​communities and ⁣by ‍expanding into new areas. Mazzuca stated the grant will ⁢”catapult” the organization to a “much greater‌ impact.” A portion ⁣of the funds will be allocated to hiring additional staff to facilitate this expansion, and another portion⁢ will increase scholarship opportunities. the organization also plans‍ to ⁢explore the potential of artificial intelligence programs to further‍ support student success.

10,000 Degrees ‌serves 300 high schools throughout the region, with a⁢ especially strong presence in Marin County, where it operates in all high school districts – ⁢even surpassing its​ reach in San ‍Francisco and Sonoma. The organization ‌specifically serves students⁣ from low-income⁣ families, with⁤ 92%‍ being first-generation college⁣ students and 92% identifying as students⁣ of color.

Founded in 1981, 10,000 Degrees has ‌supported over 80,000 students and awarded more than $113 million in scholarships.The organization boasts an 80% four-year college graduation⁢ rate for its students, double the national average. Similarly, ​its community ‍college transfer students graduate from four-year institutions at⁢ twice the⁤ national rate.

The grant comes​ from​ MacKenzie Scott, who has a net worth of approximately $34​ billion‌ (according to Forbes) following her divorce from Jeff Bezos. Scott pledged to donate more than half of her wealth to charitable causes through ⁢the Giving Pledge, an initiative started​ by Bill and‍ Melinda French ⁢Gates‌ and Warren Buffett, and has already given ⁤away approximately $19.2⁢ billion,including a ⁣recent ‌$70 million‍ donation to⁤ UNCF,the United Negro College Fund.

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