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The Consulting Firm Billionaires Turn to When They Give Away Money

The Consulting Firm Billionaires Turn to When They Give Away Money

The New York Times
Monday, November 15, 2021 08:07:35 PM UTC

A little-known organization called the Bridgespan Group is guiding the philanthropic choices of many leading donors, including MacKenzie Scott.

MacKenzie Scott stepped out of the long shadow of her former husband, the Amazon founder Jeff Bezos, by handing out billions of dollars in grants over the past two years to charities, community colleges, food banks and progressive nonprofits led by people of color.

Advising her was a team of consultants at a firm that is hardly known outside philanthropic circles but highly influential within them, the Bridgespan Group.

Spun out of the consulting firm Bain & Company as a nonprofit, Bridgespan is one of a host of groups that arose in the early 2000s as a new wave of giving led by tech billionaires was beginning to crest. Two decades later, the consultants working behind the scenes are more important than ever.

Read full story on The New York Times
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