MacKenzie Scott, a billionaire author and philanthropist, announced another $2 billion in donations, marking a total of $19.2 billion given away since 2019. She also revealed her approach to managing her wealth, emphasizing 'mission-aligned ventures'.
Billionaire author and philanthropist MacKenzie Scott acknowledged another $2 billion in donations in a blog post on Wednesday, bringing the total she’s given away since 2019 to $19.2 billion. Scott also announced that she has directed advisors to invest her funds into “mission-aligned ventures,” rather than “withdrawing funds from a bank account, or from a stock portfolio that increases the wealth and influence of leaders who already have it.
” It’s the first time Scott has offered information about her approach to managing her wealth, most of which comes from shares of Amazon that she received when she divorced the company’s founder, Jeff Bezos. Forbes estimates her current wealth to be $31.7 billion, even after giving away her money for five years. In announcing the gifts on her Yield Giving website, Scott mulled over the meaning of “investing,” writing that it “seems to have undergone a kind of semantic shriveling. On the list of its big, beautiful, original definitions? To devote resources for a useful purpose. To endow with rights. To clothe.” Scott, who does not comment on her giving beyond the rare post on her website, has shaken up the nonprofit sector with her embrace of “trust-based philanthropy,” providing big grants with no strings attached to over 2,450 nonprofits. In 2024, she also gave repeat gifts to several organizations — something of a new development in her giving, which has set a high bar for how much and how fast megadonors can give. Two organizations, CAMFED, which supports girls education in Africa, and Undue Medical Debt, which was formerly called RIP Medical Debt, both got third donations from Scott this year. Grantees say that when Scott’s team notifies them of grants they say not to expect additional suppor
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