Philanthropist MacKenzie Scott and Yield Giving donated $42 million to San Rafael-based nonprofit 10,000 Degrees, marking the largest donation in its 45-year history, Fortune confirmed.

Scott, the ex-wife of billionaire Jeff Bezos, has a well-established reputation for directing her philanthropy toward first-generation and low-income students, many of them students of color.

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Backing higher education with no strings attached

Earlier this year, Scott donated $70 million to UNCF as part of a campaign to strengthen endowments across 37 historically Black colleges and universities (HBCUs). Fortune reports the aim was to create durable revenue streams and narrow historical funding gaps between HBCUs and p

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