Billionaire philanthropist MacKenzie Scott has donated practically $1,990,800,000 over the previous seven months, she introduced Monday.
Scott’s replace on her philanthropic giving got here hours after her former husband, Amazon
AMZN,
founder Jeff Bezos, said he would give away nearly all of his estimated $121 billion fortune throughout his lifetime.
As the 2 billionaires introduced their newest acts of generosity, the corporate that created each of their fortunes was making much less optimistic headlines: Amazon is reportedly poised to lay off about 10,000 workers.
Scott, who’s value an estimated $29.4 billion, wrote in a Medium post that her most up-to-date spherical of donations went to 343 teams throughout the U.S. “supporting the voices and alternatives of individuals from underserved communities.”
Scott didn’t elaborate on the donations, however famous that many went to funds that give grants to different nonprofits engaged on explicit points. Donations additionally went to a number of nationwide teams with native chapters across the nation, together with Huge Brothers Huge Sisters and Buddies of the Kids.
“‘I needn’t ask these I care about what to say to them, or what to do for them. I can share what I’ve with them to face behind them as they communicate and act for themselves.’”
Scott has stated beforehand that she needs media consideration to give attention to the teams receiving her cash, not on her.
“I lately discovered a saying utilized in incapacity communities: ‘Nothing about us with out us,’” she wrote in Monday’s replace. “For me, it’s one other lovely and highly effective reminder. I needn’t ask these I care about what to say to them, or what to do for them. I can share what I’ve with them to face behind them as they communicate and act for themselves.”
Scott additionally stated she would quickly launch a database of her giving so the general public can see the place her donations have gone. Scott has handed out greater than $12 billion to charities since her 2019 break up from Bezos. She’s made a reputation for herself as one of many quicker shifting philanthropists within the U.S, and he or she’s additionally gotten consideration for her “trust-based” model of giving, which suggests she doesn’t inform teams receiving her donations how one can spend the cash.
Scott walked away from her marriage to Bezos with a 4% stake in Amazon, making her the fourth-richest woman in the world at the time.
Amazon shares are down 40% year-to-date, in comparison with a 6.5% decline for the Dow Jones Industrial Common
DJIA,
and a 15.9% drop for the S&P 500 Index
SPX,
