Jeff Bezos' former wife MacKenzie Scott says she has given USD 4.1 billion to charity in 4 months
4 years ago

Jeff Bezos' former wife MacKenzie Scott says she has given USD 4.1 billion to charity in 4 months

India TV News  

MacKenzie Scott, philanthropist, author and former wife of Amazon founder Jeff Bezos, has announced that she has given away $4.1 billion in the past four months to hundreds of organizations as part of a giving pledge she announced last year. “Meanwhile,” she wrote, “it has substantially increased the wealth of billionaires.” After donating $1.68 billion to 116 nonprofits, universities, community development groups and legal organizations last July, Scott asked a team of advisers to help her “accelerate” her 2020 giving with immediate help to those financially gutted by the pandemic. She said the team used a data-driven approach, identifying organizations with strong leadership and results, specifically in communities with high food insecurity, racial inequity and poverty rates, “and low access to philanthropic capital.” Scott and her team started with 6,490 organizations, researched 822 and put 438 “on hold for now,” waiting for more details about their impact, management and how they treat employees or community members. In total, 384 organizations in 50 states, Puerto Rico and Washington, D.C., will share $4,158,500,000 in gifts, including food banks, emergency relief funds “and support services for those most vulnerable.” Other organizations address “long-term systemic inequities that have been deepened by the crisis,” such as debt relief, employment training, credit and financial services for under-resourced communities and education for historically marginalized and underserved people. The money will also support legal defense funds “that take on institutional discrimination.” Washington state organization Craft3, a Community Development Financial Institution focused on investing in businesses owned by people of color, including Black and Indigenous owners, received $10 million.

History of this topic

Philanthropist MacKenzie Scott reveals another $2 billion in donations in 2024
5 days, 16 hours ago
What is next for billionaire philanthropist MacKenzie Scott’s giving?
8 months, 2 weeks ago
MacKenzie Scott donates $640 million, more than doubling her planned gifts to nonprofit applicants
9 months ago
Philanthropist MacKenzie Scott reveals the groups that got some of her $2.1 billion in gifts in 2023
1 year ago
Jeff Bezos's fund has now given almost $640 million to help homeless families
1 year, 1 month ago
MacKenzie Scott sets new ‘open call’ to donate $250 million
1 year, 9 months ago
'It’s Really Hard,' Says Jeff Bezos on Donating Effectively While Ex-Wife Gives Away $2 Billion
2 years, 1 month ago
Jeff Bezos says he will give away most of his fortune
2 years, 1 month ago
MacKenzie Scott donates $436 million to Habitat for Humanity
2 years, 9 months ago
Q&A: Ford Foundation’s leader straddles contrasting worlds
3 years, 5 months ago
With Amazon Billions, Jeff Bezos' Ex-wife MacKenzie Scott Spends on Charitable Gifts Amid Covid-19 Battle
3 years, 10 months ago
Letters to the Editor: More billionaires should be like MacKenzie Scott and give away their fortunes
4 years ago
Letters to the Editor: Billionaires shouldn’t be the ones deciding who deserves help
4 years ago
Jeff Bezos's Ex-wife MacKenzie Donated Over $4 Billion in 4 Months to 384 Organisations
4 years ago
MacKenzie Scott gives away $4.2 billion in historic charity binge
4 years ago
Who is MacKenzie Scott, World's Richest Woman, Who Donated $1.7 Bn Since Divorcing Jeff Bezos
4 years, 3 months ago

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