ATLANTA — Billionaire philanthropist MacKenzie Scott has donated $10 million to a Georgia nonprofit.
Scott donated to Access to Capital for Entrepreneurs (ACE) in late August. The nonprofit provides funding to small businesses across the state.
“This is a testament to the social impact of the work ACE does, and does well,” said ACE Founder and CEO Grace Fricks, who started the nonprofit 24 years ago. “This will absolutely propel ACE to the next level.”
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About 1,500 small businesses in Georgia are expected to benefit from this donation. The $10 million is available for immediate use, according to a news release.
ACE also received a $5 million donation from Scott’s foundation in 2020.
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Scott has been donating millions to nonprofits around the country and the world since 2019.
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