Published: July 28, 2020 at 7: 02 p.m. ET
Philanthropist, who joined Giving Pledge final year, supports a different of social-justice causes
MacKenzie Scott is viewed along with her then-husband Jeff Bezos at an awards demonstrate in Berlin in 2018.
MacKenzie Scott acknowledged Tuesday she has donated about $1.7 billion of her fortune at some level of the last year since her divorce from Jeff Bezos.
The donations largely went to social-justice, public-health and local weather-switch organizations, Scott, a novelist and philanthropist, wrote in a Medium weblog post.
Scott — who not too long ago changed her final name assist to the name she grew up with — ranks 13th on the Bloomberg Billionaires Index, with an estimated fortune of $59.3 billion. The bulk of that came from a 4% stake in Amazon.com Inc.
that she received in her divorce from Bezos.
“Final year I pledged to present the extensive majority of my wealth assist to the society that helped generate it,” Scott wrote, relating to her 2019 signing of the Giving Pledge, the campaign organized by Invoice Gates and Warren Buffet in 2010, in which the realm’s wealthiest americans order to donate larger than half their fortune to charities or philanthropic causes over their lifetime.
Study: How the 1% donate to charities in yet any other technique to all americans else
“Adore many, I watched the first half of 2020 with a mixture of heartbreak and awe,” she acknowledged. “Existence won’t ever discontinue finding original ways to checklist inequities in our systems; or waking us up to the indisputable truth that a civilization this imbalanced is not only unjust, but additionally unstable. What fills me with hope is the concept of what’s going to attain if every of us shows on what we can supply.”
Right here’s how Scott broke down her giving:
Racial equity: $586,700,000
LGBTQ+ equity: $46,000,000
Gender equity: $133,000,000
Economic mobility: $399,500,000
Empathy & bridging divides: $55,000,000
Purposeful democracy: $72,000,000
Public health: $128,300,000
World grunt: $130,000,000
Local weather switch: $125,000,000
“On this checklist, 91% of the racial equity organizations are tear by leaders of color, 100% of the LGBTQ+ equity organizations are tear by LGBTQ+ leaders, and 83% of the gender equity organizations are tear by ladies, bringing lived skills to alternatives for imbalanced social systems,” Scott acknowledged.
“The organizations … supply a every single day reminder that we can every lift larger than we imagine. And they also supply a probability to make investments our correct fortune in switch, it’s not linked what make our correct fortune has taken.”
Her ex-husband Bezos — the realm’s wealthiest particular person, worth about $178 billion — has not signed the Giving Pledge, and has been criticized by some for not donating extra to charities.