MacKenzie Scott Donates Over $103 Million to Native CDFIs

In a major boost to Indigenous financial institutions, MacKenzie Scott has awarded more than $103 million to Native community development financial institutions (CDFIs) across the country, according to an exclusive report in Tribal Business News. The Native CDFI Network (NCN), a national nonprofit group that advocates for and supports Native CDFIs, lauded the unprecedented show of support for Native-led and Native-serving financial institutions. "This year has been transformative, and one word that has been on my mind is 'endow' — to devote resources for a useful purpose," Pete Upton, CEO of Native CDFI Network, said in a news release.