GraceRandolph Posted December 19, 2023 Posted December 19, 2023 Billionaire philanthropist MacKenzie Scott announced nearly $2.2 billion in 2023 gifts to 360 organizations in a post on her Yield Giving website dated December 6, bringing her total lifetime giving to nearly $16.6 billion. Scott’s 2023 grants spanned a similar range to her previous years’ gifts—from $600,000 to $25 million for organizations that often have annual budgets smaller than that—and mostly went to organizations supporting early learning, access to affordable housing, race and gender equity, health equity, and civic and social engagement. Recipient charities include career training organization Jobs for the Future, affordable housing advocate the San Francisco Community Land Trust and early childhood education nonprofit Zero to Three. The two time novelist’s announcement was a short paragraph announcing the donation: “Excited to call attention to these 360 outstanding organizations, every one of whom could use more allies. Grateful to everyone in the extended team who made it possible to give them gifts,” Scott wrote on her Yield Giving website. “Inspired by all the ways people work together to offer each other goodwill and support.” Scott, one of just 11 U.S. billionaire philanthropists who have given away more than 20% of their wealth, is known for her rapid pace of giving. After receiving a 4% stake in Amazon in her 2019 divorce from Jeff Bezos, she’s quickly donated one-third of that—in a few short years. She’s still the fourth-richest woman in the world, though, worth just under $40 billion. Most of Scott’s gifts stand out in the landscape of billionaire giving because they are relatively small (less than $10 million), no-strings-attached donations given, often unexpectedly, to local charities. In fact, some organizations have said they thought it was a scam when they first got the call. Scott is also one of a small handful of prominent philanthropists who do not give through a private foundation, which would have to disclose contributions in yearly tax filings (one other notable example is her ex-husband Bezos). Instead she’s been known to give through a Delaware-registered LLC that reportedly represents her family office: Lost Horse LLC, which shows up on some recipients’ documentsand is connected to three Seattle-area properties that she is suspected of owning. Scott’s few public statements about her giving have often mentioned her desire that media attention about her philanthropy should focus not on her wealth but on the recipient organizations. Read more: https://www.forbes.com/sites/phoebeliu/2023/12/08/mackenzie-scott-has-donated-22-billion-to-charity-this-year/?sh=2961abbac143&utm_source=ForbesMainTwitter&utm_medium=social&utm_campaign=socialflowForbesMainTwitter 1
eli's_rhythm Posted December 19, 2023 Posted December 19, 2023 She's probably the best billionaire alive lbr.
Gelato Posted December 19, 2023 Posted December 19, 2023 Good for her. She is one of the model billionaires
getBusy Posted December 19, 2023 Posted December 19, 2023 Ok i think i stan her now Let me open a thread in the Base.
Cameltoe Chariot Posted December 19, 2023 Posted December 19, 2023 She will go down in history for all the right reasons unlike her gutter troll ex husband!
Recommended Posts