Scott employs a "no strings attached" style of giving, wherein the nonprofits to which she donates have full control over how to best deploy the new funds. It kind of gives a multipronged strategy of letting the organizations figure out how to make their best contributions, and own that in a variety of diverse ways, because theyre all going to do different things with the money.". This cookie is set by GDPR Cookie Consent plugin. ", She said college administrators were informed of the gifts in telephone calls and were "welcomed to spend the funding on whatever they believe best serves their efforts. Most notable in Scott's gifts is the lack of any reporting requirements, something that nonprofit workers like Water For People's Williford heartily welcome. Hes nowhere near as rich as he boasts, nor as poor as his critics claim. March 8, 2021 / 11:23 AM [17] Toni Morrison, her former teacher, reviewed the book as "a rarity: a sophisticated novel that breaks and swells the heart". In the course of a few months, Ms. Scott has turned traditional philanthropy on its head. Mackenzie Bezos Scotts gift will enable workers on tea, coffee and cocoa plantations to buy glasses likely for as little as $1.50 a pair. Shaw in 1992; after three months of dating, they married and moved from Manhattan to Seattle, Washington, in 1994. This material may not be published, broadcast, rewritten, or redistributed. But shares of the company's stock rose sharply during the pandemic, and despite giving away billions, Scott's wealth keeps growing. Bachelor of Arts/Science, Princeton University. The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. May 24, 2022 2 Mins Read. American philanthropist and novelist (born 1970), For the musician named Mackenzie Scott, see, "What we know, and don't know, about Jeff Bezos' religious beliefs", "MacKenzie Scott has already donated nearly $1.7 billion of her Amazon wealth since divorcing Jeff Bezos", "Here's how much money MacKenzie Scott has given away in recent years", "Bloomberg Billionaires Index: MacKenzie Scott", "MacKenzie Scott: The 100 Most Influential People of 2020", "MacKenzie Bezos and the Myth of the Lone Genius Founder", "MacKenzie Bezos Signs The Giving Pledge and Pledges to give Half Her Fortune", "MacKenzie Scott Gives Away $4.2 Billion in Four Months", "Jeff Bezos and Mackenzie Scott: Please stop giving. A lot of people say, 'I want to make sure my money goes only to programming, not to overhead.' [15] They have four children: three sons, and one daughter who is adopted from China. We put 438 of these on hold for now due to insufficient evidence of impact, unproven management teams, or to allow for further inquiry about specific issues such as treatment of community members or employees.
