Don’t attach strings. Shaw. “She’s moved extraordinary sums out the door, quickly, in an anti-paternalistic way,” said Rob Reich, co-director of the Center on Philanthropy and Civil Society at Stanford. Her fortune comes from shares of Amazon that she got after her divorce last year from Jeff Bezos, the company’s founder. Instead, at least some of her donations — including the gift to the Chicago Y.W.C.A. Copyright © 2018-2020 All rights reserved. Photo by form PxHere.. December 15, 2020; Bloomberg So far, MacKenzie Scott has donated almost $6 billion in gifts. Ms. Scott is working on her giving with the Bridgespan Group, a nonprofit organization in Boston that advises charities and philanthropies, including those set up by Mr. Gates and Michael Bloomberg, as well as the Ford and Rockefeller foundations. Charitable groups applauded the unconditional nature of Ms. Scott’s gifts. My name is MacKenzie Scott Bezos, I am an American novelist and philanthropist, the former wife of Amazon founder Jeff Bezos, who later became the founder and CEO of Amazon. All told, Ms. Scott — whose fortune comes from shares of Amazon that she got after her divorce last year from Jeff Bezos, the company’s founder — had given more than $4 billion to 384 groups, including 59 other Y.W.C.A. MacKenzie Scott. Today, they are worth about $62 billion, although it’s unclear how many of the shares Ms. Scott still holds. Last year she signed The Giving Pledge, which is an initiative started by Bill and Melinda Gates that encourages the world’s wealthiest people to donate at least half their fortunes to charitable causes. “Women don’t like to splash their names on buildings, in general.”. On a Monday evening in November, Dorri McWhorter, the chief executive of the Y.W.C.A. Many only barely meet that requirement, instead hoarding their cash and giving away less than the profits they earn through investments. (Elena Seibert Photo) MacKenzie Bezos, former wife of Amazon CEO Jeff Bezos, listed 116 non-profit organizations that will receive funding as … (Page 3) Foundations are required by law to pay out at least 5 percent of their endowments a year. In a … Ms. Scott’s team recently sent out hundreds of out-of-the-blue emails to charities, notifying them of an incoming gift. Telephone: 1-800-387-0780 Option 1: English Hours: Monday to Friday 8am to 8pm (ET) MacKenzie Scott in 2018. “That mentality of trust is what we need in philanthropy,” said Katie Carter, chief executive of the Pride Foundation in Seattle, an L.G.B.T.Q.+ charity that received a $3 million donation. It might be safe to say that MacKenzie Scott is more philanthropic than her ex-husband and Amazon CEO Jeff Bezos, who incidentally is also the richest person in the world. She noted that she had made “unsolicited and unexpected gifts given with full trust and no strings attached.” Such strings are a mainstay of modern philanthropy: onerous grant proposals and nerve-racking site visits, followed by reports on the variety of performance benchmarks that charities are required to meet to keep the money flowing. If Ms. Scott was making her donations through a foundation, she would be required to publicly disclose the amounts and recipients of all gifts. “If their choice is to hold onto that wealth or give it away, I’m going to come down on the side of giving it away every time.”, Giving Billions Fast, MacKenzie Scott Upends Philanthropy. historically Black colleges and universities, community colleges. more ››, How to record a live stream while it's live. Mr. Bezos has made some big charitable commitments but has not made philanthropy a top priority. We found 31 records in 20 states for Mackenzie Scott in the US. It was only in the course of the conversation with a representative of the donor that he learned who the donor was: MacKenzie Scott, philanthropist, novelist and, well, the world’s richest woman. chapters. menu "There are lots of resources each of us can pull from our safes to share with others — time, attention, knowledge, patience, creativity, talent, effort, humor, compassion. All grants will be reviewed to ensure the request meets the Foundation’s criteria as well as legal and regulatory compliance requirements. Between the pandemic and the recession, it had been a difficult year for the Chicago Y.W.C.A., which runs a rape crisis hotline and provides counseling to women on jobs, mortgages and other issues. Scott, who formerly went by the name MacKenzie …, Inquiries around And rather than a few targeted donations, she gave broadly to hundreds of groups. Mackenzie Scott in the US . “Power deserves scrutiny.”. MacKenzie Scott is an author and the ex-wife of Amazon founder Jeff Bezos, to whom she was married for 25 years. Find Mackenzie Scott's phone number, address, and email on Spokeo, the leading online directory for contact information. MacKenzie Scott Donates to Three Tribal Colleges in Montana Native News Online 22:42 6-Jan-21. How to Know the Difference between COVID-19 and Allergies? Ms. Scott’s disbursement of $6 billion in about five months only accentuated the stodgy pace of her peers. Mr. Bezos, the richest man in the world, has made big charitable commitments but not made philanthropy a top priority. MacKenzie Scott Gives Big to Houston Both the Greater Houston YMCA and Prairie View A&M have received funds from the philanthropist's donation … 0. As part of their split, she received 4 percent of the outstanding shares of Amazon. MacKenzie Scott - The Giving Pledge Save givingpledge.org. Ms. Scott described in her Medium post how her team used hundreds of emails and phone interviews and thousands of pages of data analysis to sift through 6,490 potential gift recipients. Metropolitan Chicago, got a phone call from a representative of the billionaire philanthropist MacKenzie Scott. Whereas multibillion foundations like Bloomberg Philanthropies and the Bill and Melinda Gates Foundation have fancy headquarters, Ms. Scott’s operation has no known address — or even website. In her statement on Medium , MacKenzie Scott announced $1.67 billion in direct grants to 116 charities, mostly addressing racial injustice and other aspects of inequality. Ms. Scott announced the names of groups that got gifts, but she didn’t disclose how much each received. MacKenzie Scott (née Tuttle, formerly Bezos; April 7, 1970) is an American novelist, billionaire, and venture philanthropist. Very little staff time was tied up in making the donation happen. Here’s what you can learn from how she donated the first $1.7 billion. 148 records for Mackenzie Scott. Metropolitan Chicago, got a phone call from a representative of the billionaire philanthropist MacKenzie Scott. They were valued at the time at $38 billion. CHICAGO, Dec. 15, 2020 /PRNewswire/ -- Author and philanthropist MacKenzie Scott announced today that she has made an unrestricted transformational gift to … In the course of a few months, Ms. Scott has turned traditional philanthropy on its head. All of Scott’s 116 gifts – many in the millions or tens of millions, like the $30 … She refers to a “team of advisers” rather than a large dedicated staff. Ms. Scott has moved away from “the heavy hand of the philanthropy in steering the direction of social change,” said Benjamin Soskis, a senior research associate in the Center on Nonprofits and Philanthropy at the Urban Institute. Through a streamlined operation, Ms. Scott has given away $6 billion this year, much of it to small charities and nonprofits. That allows their endowments to keep growing and the foundations to survive in perpetuity, and some foundations argue that it allows them to take the time to make grants that will yield the best results. But the criticism of Ms. Scott has tended to be more constructive than pointed. How To Clean And Store Fresh Strawberries. “She has not been transparent either about the vehicles being used for philanthropy or about the process,” said Mr. Reich of Stanford’s Center on Philanthropy and Civil Society. Contact; MacKenzie Scott (Formerly Bezos) Has Already Given Away $1.7 Billion Of Her Fortune To Charity . On a Monday evening in November, Dorri McWhorter, the chief executive of the Y.W.C.A. She was behind the wheel when she and Mr. Bezos drove to Seattle to start an online bookstore named after a Brazilian river. The top state of residence is California, followed by Indiana. How To Contact Mackenzie Scott. MacKenzie Scott, the ex-wife of Amazon founder Jeff Bezos, said Tuesday she has given $4.2 billion to groups helping the vulnerable, as the pandemic hits lives like "a wrecking ball." “Women-led, Black women-led organizations tend to be at the very bottom of the pile for philanthropists,” said Dorri McWhorter, the head of the Y.W.C.A. MacKenzie Scott gaat geld uitgeven tot haar schatkist leeg is Het Financieele Dagblad 14:39 11-Jan-21. And while that rate is breaking records, Scott needs her giving machine to work faster, because the stock she holds in Amazon has rocketed in value from $23.6 billion this year to $60.7 billion, according to the Bloomberg Billionaires Index. By disbursing her money quickly and without much hoopla, Ms. Scott has pushed the focus away from the giver and onto the nonprofits she is trying to help. 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