MacKenzie Scott Has Given Away Over $4 Billion

N&P: Discuss governments, nations, politics and recent related news here.

Moderators: Alyrium Denryle, Edi, K. A. Pital

Post Reply
User avatar
Broomstick
Emperor's Hand
Posts: 28724
Joined: 2004-01-02 07:04pm
Location: Industrial armpit of the US Midwest

MacKenzie Scott Has Given Away Over $4 Billion

Post by Broomstick »

Link to Bloomberg article
One email about a $15 million gift, suspected of phishing, sat unopened for a month. Several others about a $20 million pledge went ignored by an assistant, who thought the nondescript sender was fake. The recipient of another memo, promising millions more, turned to their lawyer, who said it was likely a scam.

All of those big-fortune messages, and hundreds more like them, were not only legitimate, they came from the same source: a team working on behalf of MacKenzie Scott, fourth richest woman in the world — and, increasingly, the most powerful and mysterious force in philanthropy today.

With almost $8.6 billion in gifts announced in just 12 months, Scott has vaulted to the tippy top of philanthropic giving, outspending the behemoth Gates and Ford Foundations’ annual grants — combined. But, for someone who is single handedly reshaping nonprofits, Scott, who declined to comment for this story, has only given the public glimpses into the thinking driving her decisions. These days, she shares little more than the list of lucky organizations and an inspirational quote.

To get a better sense of which causes are benefiting from Scott’s coffers — and where she might turn her attention to next — Bloomberg categorized, by location and type, all 786 gifts she has given so far. We then tracked the money, using a survey and reporting, and found at least $4.3 billion distributed in 375 grants. The recipients of the remaining 411 haven’t disclosed the size of Scott’s gifts.

The groups that shared information are largely representative of the cross section of overall recipients. Education and arts and culture organizations were more likely to disclose the size of their gifts..... [continues in link]
If you're going "MacKenzie Who?" she's Jeff Bezos' ex-wife. This is what she has been doing instead of flying a giant penis rocket into sub-orbital space.

I find it interesting she's doing this solely as a private citizen and not setting up a foundation. Not the usual way this sort of thing is done. Very low key.
A life is like a garden. Perfect moments can be had, but not preserved, except in memory. Leonard Nimoy.

Now I did a job. I got nothing but trouble since I did it, not to mention more than a few unkind words as regard to my character so let me make this abundantly clear. I do the job. And then I get paid.- Malcolm Reynolds, Captain of Serenity, which sums up my feelings regarding the lawsuit discussed here.

If a free society cannot help the many who are poor, it cannot save the few who are rich. - John F. Kennedy

Sam Vimes Theory of Economic Injustice
Crazedwraith
Emperor's Hand
Posts: 11863
Joined: 2003-04-10 03:45pm
Location: Cheshire, England

Re: MacKenzie Scott Has Given Away Over $4 Billion

Post by Crazedwraith »

I guess the reason, they generally set up foundations and things is... avoiding the situation where people think your large donation is a scam?
User avatar
Broomstick
Emperor's Hand
Posts: 28724
Joined: 2004-01-02 07:04pm
Location: Industrial armpit of the US Midwest

Re: MacKenzie Scott Has Given Away Over $4 Billion

Post by Broomstick »

No, more likely avoiding people directly asking them for money everywhere they go.
A life is like a garden. Perfect moments can be had, but not preserved, except in memory. Leonard Nimoy.

Now I did a job. I got nothing but trouble since I did it, not to mention more than a few unkind words as regard to my character so let me make this abundantly clear. I do the job. And then I get paid.- Malcolm Reynolds, Captain of Serenity, which sums up my feelings regarding the lawsuit discussed here.

If a free society cannot help the many who are poor, it cannot save the few who are rich. - John F. Kennedy

Sam Vimes Theory of Economic Injustice
Post Reply