MacKenzie Scott Donates Another $2 Billion, Totaling $19.25 Billion Since 2019
MacKenzie Scott announced another $2 billion in donations, totaling $19.2 billion since 2019, with a focus on economic security and opportunities. She revealed a shift in investment strategy, directing advisors to fund mission-aligned for-profit ventures addressing these challenges. This approach contrasts with traditional philanthropy models and has significantly impacted numerous nonprofits, particularly in affordable housing, through large, unrestricted grants. Scott’s giving, characterized by “trust-based philanthropy,” continues to set a high standard for megadonors.
John Q. Hosedrinker