Home /MacKenzie Scott Donates $1.7 Billion To Charitable Causes, Moves Millions To HBCUs
Follow the MoneyAugust 26, 2020
MacKenzie Scott Donates $1.7 Billion To Charitable Causes, Moves Millions To HBCUs
Esteemed author and philanthropist, MacKenzie Scott, is making good on her promise to "empty her safe" for charitable causes.
– MacKenzie Scott, who was previously married to Amazon's Jeff Bezos, has already donated nearly $1.7 billion of her fortune to a variety of organizations including historically black colleges and universities. A few HBCUs have already reported "Largest Gift In History". Click the in (@hbcubuzz) bio for the full story. #HBCU ⁠
A post shared by HBCU Buzz (@hbcubuzz) on Jul 28, 2020 at 4:44pm PDT
The third richest woman in the world who is the ex-wife of some rich white guy caught Amazon prime piping an alleged mistress, gave out $1.7 BILLION of her estimated $36 billion fortune to numerous organizations including historically black colleges and universities, organizations committed to racial and gender equity, economic mobility, public health, climate change, and more.
Following up on the commitment I made last year to give away the majority of my wealth in my lifetime: https://t.co/Ocb8eU5UR1. (Note my Medium account is under my new last name — changed back to middle name I grew up with, after my grandfather Scott.)
— MacKenzie Scott (@mackenziebezos) July 28, 2020
She shared more about the donations on Medium and added that she enlisted a team of nonprofit advisers with representation from marginalized communities to help her identify the charities to fund.
"I began work to complete my pledge with the belief that my life had yielded two assets that could be of particular value to others: the money these systems helped deliver to me, and a conviction that people who have experience with inequities are the ones best equipped to design solutions," she wrote, explaining her process. "I gave each a contribution and encouraged them to spend it on whatever they believe best serves their efforts."
The causes MacKenzie Scott donated to include;
$133 million to gender equity causes
$130 million to global development
More than $128 million to public health causes
$125 million to climate change groups
$72 million to "functional democracy" causes
$46 million to LGBTQ equity causes
$55 million to causes related to "empathy & bridging divides"
Scott also donated MILLIONS to numerous HBCUs including Howard, Hampton, Spelman, Morehouse, Xavier, and Tuskegee University who gleefully shared the news with their alumni. For a number of the HBCUs, Scott's gift is the largest donation in their schools' history.
#TuskegeeUniversity received a $20 million gift from philanthropist, activist and author MacKenzie Scott. President Lily D. McNair said the unrestricted donation is the largest single gift in the university's history. Read more here: https://t.co/GQ0S84Yuqn pic.twitter.com/LdwecPxRdB
— TUSKEGEE UNIVERSITY (@TuskegeeUniv) July 28, 2020
Howard University is pleased to announce a transformative gift from Author and Philanthropist MacKenzie Scott! https://t.co/SmhhnTbheJ pic.twitter.com/xAJq2rpLXT
— Howard University (@HowardU) July 28, 2020
Other organizations she donated to include Black Girls Code, the Urban League, and the Obama Foundation.
We're honored to receive a $3M donation from MacKenzie Scott to push our efforts in leveling the playing field for girls of color in #STEM forward! @mackenziebezos your generosity will be instrumental in helping creating equitable futures for our youth! https://t.co/NeNAyqE1QP pic.twitter.com/KFHvbt8krx
— Black Girls CODE (@BlackGirlsCode) July 29, 2020
We see you, MacKenzie! Thank you for your contributions.
Read more: feedproxy.google.com
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