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MacKenzie Scott Donates $2.7 Billion, Citing Wealth Gap

MacKenzie Scott Donates $2.7 Billion, Citing Wealth Gap

Newsy
Tuesday, June 15, 2021 07:02:11 PM UTC

It's the third round of major philanthropic gifts Scott has made, which together rival the charitable contributions made by the largest foundations.

MacKenzie Scott, the billionaire philanthropist known for her impromptu multi-billion dollar donations to charities and racial equity causes, announced Tuesday that she has given $2.7 billion to 286 organizations. It is the third round of major philanthropic gifts Scott has made, which together rival the charitable contributions made by the largest foundations. Scott, the ex-wife of Amazon founder Jeff Bezos, wrote in a Medium post that she and her husband, Dan Jewett, made the donations to enable the recipients to continue their work and as a “signal of trust and encouragement” to them and others. And she made clear in her announcement that she is troubled by the increasing concentration of vast wealth among a small proportion of individuals. 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.”
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