Mackenzie Scott Drops a Billion-Dollar Billionaire Bonanza on Charities
In a philanthropic blast that sent shockwaves through the charity world, Mackenzie Scott, the ex-wife of Amazon mogul Jeff Bezos, announced she'd doled out a whopping 2.15 billion dollars last year. The news was shared via her charity's website, Yield Giving, stating that every charity could benefit from more collaborators.
The reasons behind the staggering amount donated were as varied as the organizations themselves. Scott's generosity spanned to the Asian American Journalists Association, chipping in an undisclosed sum, and $12 million to the Howard University School of Medicine. Organizations offering assistance to rural communities in India, delivery services for abortive medication, and some legal aid services all received a slice of the generosity pie.
The Yield Giving database, a treasure trove of donation information, saw most open-books totalling millions - with several, like Canopy Planet, Start Early, and Malaria Consortium, netting a cool 10 million. Some donations hit the 20 million mark.
Scott's team dished out an additional 3.8 billion across 465 organizations since 2022, with Habitat for Humanity and Girl Scouts of the USA receiving substantial donations worth 436 million and 84.5 million, respectively - creating a history-making single donation.
Scott's philanthropic efforts have made headlines for years. Known for her sudden, significant nods to non-profit organizations, Scott played a significant role in building Amazon alongside her former husband, Jeff Bezos. The pair called it quits in 2019, leaving Scott with an impressive net worth of approximately 33.7 billion dollars, according to the Bloomberg Billionaires Index.
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Interesting Bits
MacKenzie Scott is handing out a significant portion of her $35.6 billion fortune, donating over $19 billion to over 2,450 organizations since 2017. Her motives for such generous giving extend beyond East Texas and northern Tanzania, supporting a diverse range of causes, including food assistance and affordable housing.
Her giving style is unique, as she opts for large, unrestricted donations, empowering the organizations to decide how best to utilize these resources. In the past five years, Scott's contributions have made a lasting impact on communities worldwide, supporting initiatives aimed at creating positive change.
