Education

Philanthropist MacKenzie Scott gives away £2bn to 286 organisations


The billionaire philanthropist MacKenzie Scott, known for her impromptu multibillion-dollar donations to charities and racial equity issues, has announced that she has given a further $2.7bn (£1.9bn) to 286 organisations.

Scott, the ex-wife of the Amazon founder, Jeff Bezos, wrote in a Medium post that she made the gifts to enable the organisations to continue their work, and as a “signal of trust and encouragement” to them and others.

It is the third round of announcements Scott has made regarding her philanthropy, which rivals the largest of foundations. In 2020, she made two similar surprise announcements where she donated about $6bn to causes including Covid relief, gender equity, historically Black colleges and universities and other schools.

Scott made clear in her announcement on Tuesday that she was troubled by the increasing concentration of wealth among a small proportion of individuals. She said she worked with a team of researchers and philanthropy advisers “to give away a fortune that was enabled by systems in need of change”.

“In this effort, we are governed by a humbling belief that it would be better if disproportionate wealth were not concentrated in a small number of hands, and that the solutions are best designed and implemented by others,” she said.

“Though we still have a lot to learn about how to act on these beliefs without contradicting and subverting them, we can begin by acknowledging that people working to build power from within communities are the agents of change.”

The list of her recipients varied, from universities to refugee resettlement groups, to arts and culture organisations that have been hit by a drop in giving as donors focused on more urgent needs brought on by the pandemic.



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