Rhode Island Nonprofit Receives $1 Million From One of World’s Richest Women
Wednesday, March 20, 2024
Project Weber/RENEW, which is based in Providence, also has a location in Pawtucket. PHOTO: GoLocalProv
As announced this week, Project Weber/RENEW -- which "provides peer-led harm reduction and recovery support services, builds relationships with the people we serve, and fights for systemic change" and "empower[s] people who engage in drug use and/or sex work to make healthier and safer choices in their own lives" -- was among this year's grant recipients.
Yield Giving was established by Scott -- the former wife of Amazon founder Jeff Bezos -- to "share a financial fortune created through the effort of countless people."
GET THE LATEST BREAKING NEWS HERE -- SIGN UP FOR GOLOCAL FREE DAILY EBLAST"Yield is named after a belief in adding value by giving up control. To date, our network of staff and advisors has yielded over $17,300,000,000 to 2,300+ non-profit teams to use as they see fit for the benefit of others," according to the organization.
The Bloomberg Billionaires Index has Scott listed as the 40th richest person in the world with a net worth of $36.5 billion.
As GoLocal has reported, Scott has given millions to Rhode Island nonprofits in the past, including $10 million to United Way in 2020.
In 2018, when Bezos and Scott were still married, they gave $5 million to Crossroads.
GoLocal has featured Project Weber/RENEW and their work on GoLocal LIVE.
Project Weber/RENEW on Gift
This week, Project Weber/RENEW acknowledged the gift with the following statememt.
"We are humbled and grateful to share that we’ve received a $1 million gift from the Yield Giving Open Call! The #YieldGivingOpenCall — managed by LeverforChange — focused on elevating organizations working with people and in places experiencing the greatest need in the United States.
This funding could not come at a more opportune time. We are growing our programs due to increasing needs for our services, all while COVID funding sources are ending and the cost of basic needs are rising. We are incredibly grateful for this funding and how it will sustain our organization’s vital services. We are proud to represent Rhode Island in this cohort of amazing organizations working to create a more supportive, safe, and equitable society."
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