MacKenzie Scott
Source: Getty

MacKenzie Scott announced recipients of $2.7 billion in donations in 2021.

MacKenzie Scott Announces $2.7 Billion in Philanthropic Gifts

By

Jun. 16 2021, Published 12:40 p.m. ET

MacKenzie Scott, the former wife of Amazon centibillionaire Jeff Bezos, has become well known for her charitable donations over the past several years. Scott, whose net worth is well into the billions since her split from Bezos in 2019, is now a philanthropist who has signed the Giving Pledge.

Article continues below advertisement

Scott, who is also a novelist, publicly announced her most recent round of donations on June 15 via a post on the Medium website.

MacKenzie Scott’s philosophy on giving

Author David Callahan wrote about Scott in his book The Givers: Wealth, Power, and Philanthropy in a New Gilded Age (AP). He said that Scott differs from most philanthropists in that she doesn’t seek to control the organizations who receive her donations.

Article continues below advertisement
Jeff Bezos and MacKenzie Scott
Source: Getty

“MacKenzie Scott is doing something quite differently. She’s finding groups who have their own ideas and empowering them to do their work,” stated Callahan.

Article continues below advertisement

Scott signed the Giving Pledge not long after her divorce settlement. That initiative, led by Warren Buffett and Bill Gates and Melinda Gates, urges the world’s billionaires to pledge to donate at least half their wealth. Her new husband Dan Jewett has joined Scott in signing the pledge.

Scott’s charitable contributions no doubt provide a sharp contrast to the recent scathing ProPublica report about billionaires avoiding taxes.

Article continues below advertisement

She is vocal about the problems of wealth inequality in the U.S. In her announcement, she said, “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.”

How much has MacKenzie Scott given away?

Scott’s most recent donations total $2.7 billion to be allocated to 286 organizations. Recipients include higher education institutions, organizations bringing interfaith support, arts and cultural institutions, organizations working to alleviate poverty, and more, according to Medium.

Article continues below advertisement

In 2020, Scott’s donations totaled $6 billion, described in two separate announcements to the public. These rounds of giving focused on COVID-19 relief, gender equity, and historically Black colleges and universities and other schools.

Scott didn’t specify donation amounts in her blog post, but some organizations have publicized how much they are receiving.

Article continues below advertisement

These are some of the specific donation amounts for this 2021 round, according to NPR:

  • Florida International University—$40 million

  • University of Central Florida—$40 million

  • University of Texas at San Antonio—$40 million

  • Long Beach City College—$30 million

Scott’s announcement said that she and her organization devoted most of the first quarter of 2021 to researching equity-oriented non-profits that serve underfunded and neglected areas to identify donation recipients.

Article continues below advertisement

These are just a few of the groups receiving funds from MacKenzie Scott, according to Medium:

  • Jazz at Lincoln Center

  • Rockefeller Philanthropy Advisors

    • Native Americans in Philanthropy
    • Inner-City Muslim Action Network
    • Japanese American National Museum
    • Renaissance Youth Center
  • mackenzie scott amazon
    Source: istock
    Article continues below advertisement

    MacKenzie Scott’s net worth

    Scott’s net worth is currently estimated at about $60 billion. Her divorce from the Amazon founder gave her a 4 percent stake in the massive company.

    As is the case with many of the world’s wealthiest individuals, Scott’s total net worth increased throughout the COVID-19 pandemic. NPR noted her net worth had grown from $36.1 billion in October 2019 to nearly $60 billion in 2021, according to Forbes.

    Advertisement

    More From Market Realist

      • CONNECT with Market Realist
      • Link to Facebook
      • Link to Twitter
      • Link to Instagram
      • Link to Email Subscribe
      Market Realist Logo
      Do Not Sell My Personal Information

      © Copyright 2021 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.