MacKenzie Scott, referring to wealth gap, donates $ 2.7 billion

MacKenzie Scott, the billionaire philanthropist known for her improvised billion-dollar donations to charities and racial stocks, announced Tuesday that she has given $ 2.7 billion to 286 organizations. This is the third round of major philanthropic gifts Scott has made, competing alongside the charitable contributions of the largest foundations. Scott, the ex-wife of Jeff Bezos, founder of Amazon, wrote in a media 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 it clear in her announcement that she is concerned about the increasing concentration of great wealth among a small proportion of individuals. She and Jewett worked with a team of researchers and philanthropy advisers to give away a fortune made possible by systems in need of change. ‘ “In this endeavor,” she said, “we are driven by a humble conviction that it would be better if unequal wealth were not concentrated in a small number of hands and that the solutions were best designed and implemented by others. ‘ In 2020, Scott made two similar surprise announcements in which she donated a total of $ 6 billion to COVID-19 enlightenment, gender equality, historic black colleges and universities and other schools. Similar to the organizations she selected as recipients last year, Scott said the 286 organizations announced Tuesday were selected from a careful process of research and analysis. This effort included an ‘equity-oriented’ non-profit organization operating in long-neglected areas.

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“Because we believe that teams with experience in the front line of challenges will know best how to make good use of the money, we encouraged them to spend it as they please,” she wrote. The latest recipients range from universities to refugee resettlement groups to arts and culture organizations that have had a decline in donations as donors have focused on more urgent needs brought on by the coronavirus pandemic. The donations are also targeted at non-profit organizations that focus on minority communities. The group Native Americans in Philanthropy, a recipient that connects philanthropic organizations with Native American-led nonprofits, said in a statement that the million-dollar contribution will help them in their efforts to increase funding to tribal communities. “MacKenzie Scott has re – committed himself to transformative work, the organizations that undertake it and the leaders whose ideas are often underfunded and overlooked,” Erik Stegman, the group’s executive director, said in a statement. “It is important to note that she has also just written checks to these organizations, leaving her own interests aside and giving up power to the organizations she funds.”