Business Insane World

MacKenzie Scott donates $2.74 billion to ‘historically underfunded organizations’

MacKenzie Scott donated $2.74 billion to organizations that focus on the arts and combating racial discrimination.

In divorce settlement with Jeff Bezos, Ms Scott became one of the richest woman’s in the world. She and Bezos were married for 25 years.

At $193.5 billion, Bezos is currently the world’s’ wealthiest person, and Scott’s fortune is valued at about $59 billion, according to Forbes. She married Dan Jewett in March.

In May 2019, shortly before her divorce to Bezos was final, Scott joined The Giving Pledge, a campaign created by Bill Gates, Warren Buffett, and Melinda Gates that encourages extremely wealthy people to contribute a majority of their wealth to philanthropic causes.

Scott’s wealth soared as Amazon’s stock surged during the pandemic. In July 2020, she announced that she had given away $1.7 billion of her fortune to 116 organizations to “areas of need” including racial equity, LGBTQ+ equity, functional democracy and climate change. And in December, Scott announced that she donated another $4.2 billion to 384 organizations.

With this most recent donation brings her givings to more than $8.5 billion worth of donations in less than a year.

In a blog post, Scott listed the 286 organizations she donated to most recently, which are “high-impact organizations in categories and communities that have been historically underfunded and overlooked,” she said.

“People struggling against inequities deserve center stage in stories about change they are creating,” she said.