Philanthropy isn’t an unusual hobby among the ultra-wealthy. It’s very commonplace to see them make big donations to big causes and organizations they support. There’s even the famous Giving Pledge begun by Warren Buffett and Bill & Melinda Gates, which currently has more than 200 signatures and counting from billionaires vowing to give away most of their fortunes. But MacKenzie Scott, ex-wife of Amazon founder Jeff Bezos and one of the richest people in the world, puts most of them to shame with her philanthropic record.

MacKenzie Scott has been unusually committed to giving huge amounts of that fortune away. Just last week she donated $122 million to Big Brothers if America. With that donation, her total giving topped $12 billion in grants to various philanthropic causes. To put that in perspective, her ex-husband Jeff Bezos’s big philanthropic project is a $10 billion climate change pledge, of which he’s paid out an estimated $2.1 billion.

JORG CARSTENSEN/dpa/AFP via Getty Images

Any way you slice it, Scott has given away more money in the last three years alone than most billionaires – including those who are far wealthier than her – give away over the course of their entire lives. Even devoted philanthropists like Mark Zuckerberg, whose lifetime giving so far comes to an estimated $3 billion, doesn’t come close to Scott’s total, despite a significant head start.

Scott’s record of giving even looks good compared to a huge organization like the Gates Foundation. With its 1,700 paid employees and 20-year history of philanthropy, that foundation has given a reported $5.8 billion over the last year, a figure that Scott’s much smaller foundation has managed to surpass with $6.6 billion in grants over the last year.

In her own Giving Pledge letter, Scott promised “to give the majority of my wealth back to society that helped generate it, to do it thoughtfully, to get started soon, and to keep at it until the safe is empty.” While she’s still a way off from emptying her substantial “safe,” she’s doing a better job than most of her ultra-wealthy peers at making donations big enough to make a dent in those massive fortunes.

Scott also has a different attitude towards publicity than many of her philanthropic counterparts, preferring to stay more or less publicly silent and allow the recipients of her grants to make the announcements and ideally benefit from the resultant publicity. She also prefers a hands-off approach to the donations, as opposed to trying to manage the way the funds are spent. In a Medium post from December of 2020, she expressed her belief that “teams with experience on the front lines of challenges will know best how to put the money to good use.”

What are some of those teams and causes? There are literally too many to name here, with one report placing the total number of organizations to have received a grant from Scott over the course of just a single year at 780. But some of her biggest grants include $436 million to Habitat for Humanity and $275 million to Planned Parenthood, both grants dispersed across the many local chapters of those organizations.

As befitting her intention to give away most of her fortune, Scott has a wide scope of philanthropic interests. Racial and gender equality and climate change are two big ones, and she’s also donated a total of more than $800 million to various institutions of higher learning, including HBCUs, and she’s also given more than $4 billion to various organizations dealing with the economic fallout from COVID-19. In a press statement from the summer of 2020, she summed up her attitude towards philanthropy like this:

“Last fall, I asked a team of non-profit advisors with key representation from historically marginalized race, gender, and sexual identity groups to help me find and assess organizations having major impact on a variety of causes. Though this work is ongoing and will last for years, I’m posting an update today because my own reflection after recent events revealed a dividend of privilege I’d been overlooking: the attention I can call to organizations and leaders driving change.”

With a net worth of $57 billion, Scott’s $12 billion worth of giving comes to more than 20 percent of her total net worth. As you might imagine, this percentage also puts many of her fellow givers to shame. Take billionaire Phil Knight: he’s a very active philanthropist with more than $3 billion in lifetime giving to his name, a figure which still only comes to less than six percent of his net worth. Or you can take another look at Zuckerberg, whose giving percentage is more like 3 percent.

There’s no indication that MacKenzie Scott is looking to slow down. Instead, she seems poised to ramp up her giving if she truly intends to give most of it away. And if any of her fellow billionaires are feeling competitive about giving away money, they need to really step up their games if they’re going to have any hope of keeping up.

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Cole Hauser Cancer Illness: Where Is He Now?

Cole Hauser Cancer Illness: Where Is He Now? ColeHauser Cancer Illness: Where Is He Now? Cole Hauser Cancer reports … This Post : Cole Hauser Cancer Illness: Where Is He Now? initially shown up on Internewscast Cole Hauser Cancer Illness: Where Is He Now? Cole Hauser Cancer Illness: Where Is He Now?Cole Hauser is hectic with his routine tasks, recording and also advertising tasks. Cole Hauser was birthed to his moms and dads, Cass Warner as well as Wings Hauser, in Santa Barbara, California.

John Pankow Net Worth | Celebrity Net Worth

John Pankow Net Worth | Celebrity Net Worth What Is John Pankow’s Net Worth? John Pankow is an American actor… This Post: John Pankow Net Worth | Celebrity Net Worth first appeared on Internewscast

Malcolm X Net Worth|Celeb Net Worth

Malcolm X Net Worth|Star Net Worth Malcolm X was an American Muslim preacher and also civils rights protestor that … This Post: Malcolm X Net Worth|Celeb Net Worth initially shown up on Internewscast The family members ultimately relocated to Michigan to prevent trouble.When Malcolm was 6 years old, his dad passed away in what was formally ruled a mishap, though Malcolm’s mommy thought the Black Legion, a white racist team, had really killed him. Malcolm started authorizing his name as Malcolm X, as advised Muhammad advised all of the Nation’s fans to do.Malcolm X was paroled in 1952 and also he after that relocated to Detroit where he ended up being the aide preacher of the Nation’s Temple Number One. By this factor in time, the FBI was surveilling Malcolm X offered his surge with the Nation of Islam area. They had currently formerly explored him after Malcolm X had actually created a letter from jail to the head of state, revealing his ridicule for the Korean War as well as stating himself a communist.By the late 1950s, Malcolm X was incredibly noticeable within the area. On February 19, 1965, Malcolm X informed a job interviewer that the Nation of Islam was attempting to eliminate him.

That Is Ingrid Hunter? Meet Coach Kenneth Hunter Wife!: NEWSFINALE

Who Is Ingrid Hunter? Meet Coach Kenneth Hunter Wife! Meet Ingrid Hunter, other half of Netflix’s Last Chance U train Kenneth Hunter.… … This Post: Who Is Ingrid Hunter? Meet Coach Kenneth Hunter Wife! initially shown up on Internewscast That Is Ingrid Hunter? Train Kenneth and also his partner Ingrid Hunter shared 4 youngsters with each other. The first name of Ingrid Hunter is Baxter.