MacKenzie Scott, citing wealth gap, donates $2.7 billion
3 years, 9 months ago

MacKenzie Scott, citing wealth gap, donates $2.7 billion

Associated Press  

MacKenzie Scott, the billionaire philanthropist known for her unexpected multi-billion dollar donations to charities and racial equity causes, announced Tuesday that she has given $2.7 billion to 286 organizations. She and Jewett worked with a team of researchers and philanthropy advisors “to give away a fortune that was enabled by systems in need of change.” “In this effort,” she said, “we are governed by a humbling belief that it would be better if disproportionate wealth were not concentrated in a small number of hands and that the solutions are best designed and implemented by others.” In 2020, Scott made two similar surprise announcements, donating a combined $6 billion to COVID-19 relief, gender equity, historically Black colleges and universities and other schools. The 286 organizations chosen for Tuesday’s announcement included “equity-oriented” nonprofits working in long-neglected areas and were selected from a rigorous process of research and analysis, Scott said. David Callahan, the founder of the Inside Philanthropy website and author of “The Givers: Wealth, Power, and Philanthropy in a New Gilded Age” says Scott’s giving shows not only an emphasis on the wealth gap, but also an attempt to help raise the political voice of historically marginalized communities. “MacKenzie Scott has recommitted to transformative work, the organizations that undertake it and the leaders whose ideas are often under-funded and overlooked,” Erik Stegman, the executive director of the group, said in a statement.

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