MacKenzie Scott Gives Away Money … But Not to Me By James Reed
At the end of the day, there is probably a lot of good to come from Mackenzie Scott giving away the majority of her fortune, and it does not seem to be used as Soros does, so I hope she gives away more. Good to see Jeff Bezos’ money burnt up. Why can’t this guy get his eye fixed up, he looks too much like me. Is he now too broke? Can I send you a few tins of camp pie mate? You only have to ask.
“MacKenzie Scott is giving away her fortune at an unprecedented pace, donating more than $4 billion in four months after announcing $1.7 billion in gifts in July.
The world’s 18th-richest person outlined the latest contributions in a blog post Tuesday, saying she asked her team to figure out how to give away her fortune faster. Scott’s wealth has climbed $23.6 billion this year to $60.7 billion, according to the Bloomberg Billionaires Index, as Amazon.com Inc., the primary source of her fortune, has surged.
“This pandemic has been a wrecking ball in the lives of Americans already struggling,” she wrote in the post on Medium. “Economic losses and health outcomes alike have been worse for women, for people of color and for people living in poverty. Meanwhile, it has substantially increased the wealth of billionaires.”
Scott’s gifts this year approach $6 billion, which “has to be one of the biggest annual distributions by a living individual” to working charities, according to Melissa Berman, chief executive officer of Rockefeller Philanthropy Advisors.
Berman said Scott’s donations show that it’s possible to give large amounts quickly without requiring nonprofits to “jump through a lot of hoops to get the money.” The size of Scott’s gifts may also disprove a common theory that’s it’s hard to deploy vast amounts of money without running into trouble or proving wasteful.”
Give girl, until it hurts.
Comments