MacKenzie Scott says she gave $4.1 billion to charity – WBOY.com

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SEATTLE (AP) — MacKenzie Scott, philanthropist, author and former wife of Amazon founder Jeff Bezos, announced that she has donated $4.1 billion over the past four months to hundreds of organizations as part of from a pledge she announced last year.

Scott announced his philanthropy in the age of the pandemic in a Medium article on Tuesday, the Seattle Times reported. She described the coronavirus pandemic as “a wrecking ball in the lives of already struggling Americans,” and noted that it’s been worse for women, people of color and those living in poverty.

“In the meantime,” she wrote, “it has dramatically increased the wealth of billionaires.”

After donating $1.68 billion to 116 nonprofits, universities, community development groups and legal organizations last July, Scott asked a team of advisors to help him ‘speed up’ his donations. of 2020 with immediate relief to those who are financially drained by the pandemic.

She said the team used a data-driven approach, identifying organizations with strong leadership and results, especially in communities with high food insecurity, racial inequality and poverty rates. “and poor access to philanthropic capital”.

Scott and his team started with 6,490 organizations, researched 822, and put 438 “on hold for now,” pending more details about their impact, management, and how they treat employees or employees. community members.

A total of 384 organizations in 50 states, Puerto Rico and Washington, DC, will share $4,158,500,000 in giveaways, including food banks, emergency relief funds “and support services for the most vulnerable” . Other organizations are tackling “long-term systemic inequalities that have been deepened by the crisis,” such as debt relief, job training, credit and financial services for underprivileged communities. funded and education for historically marginalized and underserved people. The money will also support legal defense funds “that tackle institutional discrimination”.

Washington state organization Craft3, a community development financial institution (CDFI) focused on investing in businesses owned by people of color, including black and indigenous owners, received $10 million. It is one of several CDFIs nationwide to receive investment from Scott.

“We are incredibly honored by the recognition that comes with this unprecedented gift. Community development financial institutions are at the forefront of inclusive and equitable finance in the United States,” said Adam Zimmerman, president and CEO of Craft3, in a statement.

Scott noted that she was “far from completing” her pledge and urged others to follow her example in any way possible: time, voice or money.

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