Monday, December 25, 2023

$15 Billion to nearly 2,000 organizations in Five Years: What Data Tells Us About MacKenzie Scott’s Philanthropy

Bravo! Very impressive!

What were feminists used to say about male chauvinists: Husbands earn the money and wives' spend it or donate it. (just kidding, satire) 

"Over the last five years, MacKenzie Scott has gone from relatively unknown in the US philanthropic community to arguably its single most influential figure.
When she signed the Giving Pledge in 2019 following her divorce with Amazon founder Jeff Bezos, and wrote subsequent blog posts explaining her giving, Scott’s approach suggested an impatience to give away her wealth, a belief in giving as a way to empower the good works of others, and an unusual willingness to cede control. ...
Scott, whose net worth has been estimated to top $40 billion, established the organization Yield Giving in 2022 to manage donations. She has not finished giving, but with more than $15 billion granted to nearly 2,000 organizations, some meaningful patterns have begun to emerge. We parsed all the Yield Giving donation information available to date and matched it with Internal Revenue Service data to provide a deeper view into a giving campaign rare in its scale and unprecedented in its pace. ..."

$15 Billion in Five Years: What Data Tells Us About MacKenzie Scott’s Philanthropy - HBS Working Knowledge Scott's hands-off approach and unparalleled pace—helping almost 2,000 organizations and counting—has upended the status quo in philanthropy. While her donations might seem scattershot, an analysis of five years ... highlights clear trends and an emerging strategy.






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