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How MacKenzie Scott s 8-figure donations helped sustain small charities
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How MacKenzie Scott s 8-figure donations helped sustain small charitiesBy Maria Di Mento, Chronicle of Philanthropy, AP
Last Updated: Jun 04, 2021, 05:31 PM IST
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AP
MacKenzie Scott is showing a striking level of humility not usually seen among ultra-wealthy donors who have made their fortunes in technology.
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MacKenzie Scott stormed the philanthropy world last year with $5.7 billion in unrestricted donations to hundreds of charities. The seven- and eight-figure gifts were the largest many had ever received. At the time, few people understood the multiplier effect those gifts would have or how truly wide a net she was casting. The many tentacles of her giving are poised to touch charities far beyond those that received money directly from Scott.
It’s too early to tell whether MacKenzie Scott’s approach to giving will create a sea change in how other ultrawealthy donors give or what they support.