Mackenzie Scott (Photo Credits: X / Twitter)
MacKenzie Scott has donated more than $19 billion in unrestricted contributions to over 2,000 organizations over the last five years as she works to pay down the billions she earned as part of her divorce settlement from Jeff Bezos, the founder of Amazon.
The Center for Effective Philanthropy (CEP) released a new three-year research today that shows that charity has been “transformational” for the NGOs and other groups that have benefited from the financing and that the expected negative effects have not materialized.
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“It could take decades to truly understand the effects these gifts have had on nonprofits and the sector at large,” the paper states. “However, after five years of giving, the reported effects of her gifts on recipient organizations…remain overwhelmingly positive.”
Sectors In Which Scott Donated
The most prevalent major areas of concentration for the organizations Scott donates to are social justice, human services, and education. The median grant at the huge organizations CEP usually studies is $123,000, but hers is $5 million.
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The majority of the beneficiary groups are gradually depleting the cash; even those who got a 2020 Scott grant have only used, on average, 60% of it.
The findings ought to serve as motivation for everyone with a charitable bent, even if they lack Scott’s billions to donate, says Elisha Smith Arrillaga, CEP’s vice president of research and co-author of the study. She asserts that the magnitude of the contribution in relation to the organization is more important than its size.
“We can all do this kind of giving,” she added.
