MacKenzie Scott, billionaire author and philanthropist, has donated another $2 billion in grants since 2019, bringing her total to $19.2 billion. This new round of donations focuses on bolstering economic security and opportunities.
Scott’s investments are directed towards “mission-aligned ventures” that aim to tackle poverty. Unlike previous donors, Scott does not attach conditions or expectations to her gifts, providing nonprofits with full flexibility to use the funds as they see fit.
Five years into her philanthropic efforts, Scott has set a high standard for megadonors in terms of speed and scale of giving. Her approach is known as “trust-based philanthropy,” which emphasizes the importance of trust and transparency in the distribution of large sums of money.
Recent recipients of Scott’s grants include CAMFED, a girls’ education organization in Africa, and Undue Medical Debt, a healthcare non-profit. Enterprise Community Partners, an affordable housing organization, received its second major donation from Scott this year.
The impact of Scott’s philanthropy can be seen across multiple sectors, including affordable housing. Her approach has changed the way nonprofits operate and respond to funding opportunities, with many organizations now expecting donations without conditions or strings attached.
Source: https://apnews.com/article/mackenzie-scott-donations-billionaires-philanthropy-ad9c1b67e2ca76eb2c107ec158a4640f