MacKenzie Scott gives away another $2.7 billion to charity

• Billionaire philanthropist MacKenzie Scott announced on her blog post that she’s donated more than $2.7 billion to hundreds of nonprofits and charity institutions this year.
• MacKenzie donated the money to a total of 286 organizations that are focused on a variety of causes.
• MacKenzie has committed to giving away most of her billions in her lifetime.

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Billionaire philanthropist MacKenzie Scott announced on her blog post that she’s donated over $2.7 billion to hundreds of nonprofits and charity institutions this year.

MacKenzie has donated to 286 “high-impact organizations” that support a variety of causes, ranging from the arts and racial justice to higher education and ending domestic violence.

This is the first donation MacKenzie did since she remarried. She was previously married to Amazon founder Jeff Bezos whom she divorced in 2019. Earlier this year, MacKenzie tied the knot with Dan Jewett, a science teacher from Seattle.

“Me, Dan, a constellation of researchers and administrators and advisors — we are all attempting to give away a fortune that was enabled by systems in need of change,” MacKenzie wrote in the blog post. “In this effort, 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.”

MacKenzie, who has a net worth of more than $59 billion, previously said that she consulted her team on how to give away her fortune in the quickest way. She has already made three donations in less than a year.

After her 2019 divorce from Bezos, the wealthiest man in the world, MacKenzie became one of the world’s wealthiest women with a 4% stake in Amazon.

MacKenzie has started giving away her money in July 2020. She donated $1.7 billion to historically Black colleges and universities, and several other groups. She announced in December that she donated another $4.2 billion to hundreds of organizations.

MacKenzie signed onto the Giving Pledge in 2019. pledging to give away at least half of her fortune to charity.

In 2010, Warren Buffett and Bill and Melinda Gates started The Giving Pledge to encourage the world’s billionaires to distribute their wealth.

Source: CNBC