Woman billionaire donates $2.7 billion to 286 groups

on

Billionaire philanthropist MacKenzie Scott announced a donation of $2.7 billion to 286 organizations on Tuesday.

Scott said she and her husband Dan Jewett, a Seattle science teacher, selected the 286 “high-impact” non-profit organizations focused on arts, racial justice, higher education and combatting domestic violence as well as serving “communities that have been historically underfunded and overlooked.”

“Me, Dan, a constellation of researchers and administrators and advisors — we are all attempting to give away a fortune that was enabled by systems in need of change,” she said. “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,” said Scott, the former wife of billionaire Jeff Bezos who has a net worth of around $59 billion.

Scott also commented on the broader distribution of wealth and the focus placed on billionaire donors like herself rather than “people struggling against inequities.”

“Any wealth is a product of a collective effort that included them,” she said. “The social structures that inflate wealth present obstacles to them. And despite those obstacles, they are providing solutions that benefit us all.”

Scott became one of the world’s wealthiest women after her divorce from Bezos.

She has previously said she consulted with her team on how to give away her fortune more quickly, with two prior large donations in less than a year.

In July 2020, she donated $1.7 billion to historically Black colleges and universities and in December gave $4.2 billion to food banks, educational institutions and other charities.


Discover more from Current PH

Subscribe to get the latest posts sent to your email.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

MUST READ

PNP UMABUSO SA PANANAKIT SA AMING KASAMAHANG PHOTOG BULLET...

https://www.youtube.com/watch?v=GwQEH-FD2ug🇵🇭 Currentph News TV — Real News. Real Talk. Real Impact. Welcome to Currentph TV, the digital news and public affairs channel built for the...
video

SONA 2026: Marcos, China, US Alliance and the Philippines’...

https://youtu.be/p3zyjwm2oHM SONA 2026: Marcos, China, US Alliance and the Philippines' Next Direction As President Ferdinand Marcos Jr. prepares to deliver his 2026 State of the Nation...
video

Marcos 2028 Legacy: Economy, Corruption and West Philippine Sea...

https://youtu.be/1e0md4a2e0I Marcos 2028 Legacy: Economy, Corruption and West Philippine Sea Challenges As the Marcos administration moves closer to its final years in office, attention is turning...
video

SONA 2026: Marcos Faces Trust Drop, Flood Scandal and...

https://youtu.be/h49wdASICyU SONA 2026: Marcos Faces Trust Drop, Flood Scandal and Reform Pressure Today With President Ferdinand Marcos Jr.'s 2026 State of the Nation Address approaching, public...
video

SONA 2026 Raises Questions on Debt, Jobs, and Marcos’...

https://youtu.be/cEv77Q5dJNs SONA 2026 Raises Questions on Debt, Jobs, and Marcos' Remaining Two Years As President Ferdinand Marcos Jr. prepares for SONA 2026, the discussion shifts beyond...

Discover more from Current PH

Subscribe now to keep reading and get access to the full archive.

Continue reading

Discover more from Current PH

Subscribe now to keep reading and get access to the full archive.

Continue reading