Monday, February 6, 2023

Philanthropic Details $14 Billion in Donations

American philanthropist MacKenzie Scott reported that her donations have brought more than $14 billion to nearly 1,600 NGOs since 2019, according to her Yield Giving website, which was unveiled on Wednesday night.

Scott, the ex-wife of Amazon founder Jeff Bezos, announced her plans to create an “open call process” that allows funding NGOs to send her information for evaluation. Until now, Scott and his team have secretly contacted organizations that piqued their interest and offered them unrestricted donations after receiving their details.

Scott wrote, “Information from other people — other donors, my team, non-profit teams I’ve donated to — has been extremely helpful to me.” “If more information about these donations might be useful to someone, I want to spread it.”

The website includes a database of all the donations he has made, some of which were not made public, he said. This includes $75 million to Co-Impact, an organization that supports gender equality and promotes women’s leadership around the world. Scott and her then-husband Dan Jewett were listed as donors to the fund, but the amount was not released. Co-Impact did not respond to a request for comment.

It was also revealed that $40 million was donated to a non-profit consulting group that helps Scott screen and select the recipients of his donations.

“While we advised Scott about his philanthropy, we had no prior knowledge of or involvement in the decision to list Bridgespan as a grant recipient,” Bridgespan Group said in a statement Wednesday. The group has posted a list of its 2022 donors on its website, the statement said, although it does not “typically” announce donations.

Nation World News Desk
Nation World News Desk
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