Jewish Vocational Companies Boston reported the most important single donation within the group’s historical past Thursday, a $7 million donation from philanthropist MacKenzie Scott.
“This extraordinary gift is a profound endorsement of the long-term impact we aim to make at JVS,” stated JVS Boston CEO Kira Khazatsky. “It will allow us to not only sustain but also grow our efforts to support individuals and families on their path to economic mobility. This investment ensures we can continue our mission for generations to come.”
JVS Boston, a non-profit, nonsectarian group based in 1938, offers grownup training and workforce growth companies and companions with employers in hiring, focusing on economically deprived adults.
The group stated the contribution will go to offering “long-term sustainability” and supporting initiatives in a brand new strategic plan, together with “expanding access to workforce training, deepening community partnerships, and creating innovative solutions to workforce challenges.”
JVS Boston reported practically $27 million in contributions and grants and simply over $30 million in income in 2023, in response to tax filings.
“MacKenzie Scott’s investment in JVS Boston ensures that we will be here to meet the needs of our community not just today, but for many years to come,” stated Trine Lustig, Chief Development Officer of JVS Boston.
The group gives an array of applications, together with English language studying companies, profession constructing instruments, monetary coach, refugee and immigrant assist, and incapacity companies.
MacKenzie Scott, a novelist, billionaire philanthropist and ex-wife of Amazon founder Jeff Bezos, made the donation as a part of her “Giving Pledge” from 2019, committing to supporting nonprofit organizations. JVS representatives stated the donation is “transformative” and “unrestricted.”
During the last a number of years, Scott has donated over $17 billion to over 2,300 non-profit groups, in response to her web site Yield Giving.
