Tech giant Elon Musk described the charitable endeavors of MacKenzie Scott, the ex-wife of Amazon creator Jeff Bezos, as” concerning”. In response to a social media post that questioned Scott’s considerable gifts, he claimed that her efforts mostly support non-profits that promote controversial ideas rather than address pressing global problems.
The article highlighted Scott’s” trust-based philanthropy”, which involves providing no-strings-attached provides to over 2, 500 non-profits. It claimed that her advocacy for reasons like racist equality, immigrant rights, and Transgender justice fuels what the article described as an “NGO/non-profit complex,” creating jobs for people seeking to validate their cheap degrees. The post further detailed Scott’s$ 16 billion in donations over five years, noting her wealth remains substantial at$ 36 billion, boosted by Amazon’s rising stock price.
Scott, the ex-wife of Amazon founder Jeff Bezos, has become one of the most famous businessmen in recent years. Through her” Yield Giving” initiative, she has pledged more than$ 19 billion since 2019 to causes ranging from girls ‘ education in Africa to affordable housing in the United States. Scott has advocated for a revolutionary model of philanthropy, awarding substantial, unlimited offers that allow businesses to allocate funds as needed.
In 2024 only, Scott made replicate donations to various organisations, a exceptional proceed given her common “one-time grant” approach. For instance, CAMFED, which supports women ‘ education in Africa, received its second payment this month. Another notable beneficiary, Enterprise Community Partners, was unexpectedly awarded an additional$ 65 million after initially receiving$ 50 million in 2020.
With her debuting an open-call program procedure, Scott’s giving plan changed significantly this year. Over 6, 000 non-profits applied, and Scott committed$ 640 million to more than 360 companies, far exceeding her first claim. Donors praised the grant’s unlimited nature, describing them as beneficial for both personal organizations and entire sectors, such as affordable housing.
