MacKenzie Scott donates $640M -- more than double her initial plan -- to nonprofits ( abcnews.go.com )

Billionaire philanthropist and author MacKenzie Scott announced Tuesday she is giving $640 million to 361 small nonprofits that responded to an open call for applications.

Yield Giving’s first round of donations is more than double what Scott had initially pledged to give away through the application process. Since she began giving away billions in 2019, Scott and her team have researched and selected organizations without an application process and provided them with large, unrestricted gifts.

In a brief note on her website, Scott wrote she was grateful to Lever for Change, the organization that managed the open call, and the evaluators for “their roles in creating this pathway to support for people working to improve access to foundational resources in their communities. They are vital agents of change.”

blazera ,
@blazera@lemmy.world avatar

There's no such thing as a philanthropist. She didnt make billions of dollars doing good deeds.

Bloodyhog ,

Would you consider divorcing Bezos a good deed?..

Bloodyhog ,

For the record, I would. Also, what she is doing is great. Regardless of what you and I think about it.

fine_sandy_bottom ,

Sadly, I suspect some assholes will be along any moment to tell us all about how evil she is and how she's infecting kids with 5g or some such.

Kyrgizion ,

She's quite literally the opposite of those evil billionaires. She's a shining example that should be praised and used as a model.

Xanis ,

"But billionnaire bad cause has the money!" is how people typically respond. I don't even think being able to get billions is bad. The number itself is whatever. Actions are what's important. A handful of the whatever-naires aren't steaming piles of ass, so we should support them.

gamermanh ,
@gamermanh@lemmy.dbzer0.com avatar

I don't even think being able to get billions is bad

Translates to

I don't think exploiting those who work for me is bad

FunkPhenomenon ,

didnt recognize the name for a bit, had to look it up. good for her, I suppose. nice tax writeoff?

Feathercrown ,

You guys know what a tax writeoff is, right? She still loses all of that money. If you're not donating to "charities" that are really just fronts for your personal interests, there's not really any monetary incentive to do this.

FunkPhenomenon ,

if there's truly no monetary incentive then why is she doing it? out of the goodness of her heart or some chistmas carol trope?

Feathercrown ,

Uh... yes.

feedum_sneedson ,

It appears so on this occasion. She's made giving her money away a full-time job. Not like she's ever to live uncomfortably, but it's pretty much a positive.

fine_sandy_bottom ,

She's a philanthropist. A genuinely good person who wants the world to be a better place.

This may shock you but... Bill Gates is also a philanthropist.

tsonfeir ,
@tsonfeir@lemm.ee avatar

A lovely human being. She made the right life choices.

KJ118 ,

I know general consensus is fuck billionaires, and I'm not exactly desputing that, but I work in IT for a rural school district and a donation from her foundation allowed the district to set up a foundation and now 50 of our students can attend a local community College on full scholarship each year.

SpaceNoodle ,

She's strategically working on no longer being a billionaire.

gnate ,

And we could do the same without the billionaires. Since they don't create value, we can skip the part where the money goes to them, and directly support our communities. Eliminate billionaires as a drain on our society.

Ghostalmedia ,
@Ghostalmedia@lemmy.world avatar

To be fair, she took a billionaire’s (Jeff Bezos) money and is now redistributing $38b of his wealth. She’s one of the good ones.

mosiacmango ,

It was her money too, as she was a core founding member of Amazon, but until their divorce it was locked up in shares.

It does sure seem like she wanted to give a lot of it away, probably for a long time. I'm glad his midlife crisis is helping so many people.

Mastengwe ,

Who downvotes this?

FlyingSquid ,
@FlyingSquid@lemmy.world avatar

The thing I like most about what she is doing unlike other billionaire philanthropists is that her money is given with no strings attached.

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