Hispanics in Philanthropy (HIP) was one of 384 organizations that got a major boost in the latest round of donations made by philanthropist and author Mackenzie Scott. HIP says the multi-million dollar gift will allow the four-decade-old nonprofit to remain responsive.
“We are so appreciative and inspired by this gift. To be recognized as a transformational force in philanthropy and social change by Mackenzie Scott is profoundly humbling,” said HIP president and CEO Ana Marie Argilagos in the statement. “Only one percent of philanthropic dollars in the U.S. currently go to Latinx organizations, a margin so far from the need reflected in our communities. Ms. Scott’s approach to distributing her wealth is a model for all. We see her gift as a vote of confidence in the legacy we have built and the work mapped ahead, to create an equitable and just future for Latinxs across the Americas.”
Argilagos also said that the donation will spur HIP’s efforts to create mechanisms for dollars and innovation to flow where they are needed.
The investment will help HIP provide grantmaking and grow investments in equity, leadership, and voice to achieve social justice and shared prosperity, the statement said.
The total number of donations announced this week form a part of a Giving Pledge Mackenzie Scott made to donate a significant amount of her wealth over her lifetime.
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