Beautiful Virgin Islands

Tuesday, Jul 21, 2026

MacKenzie Scott redefines charitable giving for the ultra-rich

MacKenzie Scott redefines charitable giving for the ultra-rich

MacKenzie Scott, the ex-wife of Amazon founder Jeff Bezos, is worth about $60 billion. She pledged to give away substantially all of that money after she gained autonomy over her own wealth. Judging by her first 116 grants, she's doing so in a refreshingly radical - and humble - manner. Her giving is based in "respect for people who are doing the work."

Alms for the needy was the starter charity. It was succeeded by professionalized philanthropy - a baroque edifice of foundations and perpetuities and strategies and naming rights and social impact metrics.

  • Scott's giving suggests a new model, one more focused on the value of giving itself, and where the giver does not try to influence the actions of the grant recipients.

"People who have experience with inequities are the ones best equipped to design solutions," writes Scott.

  • In practice what that means is that she trusts them to know what best to do with her money, instead of doling it out only within a complex framework of grant proposals and quarterly reports and two-year re-evaluations.

How it works
When Scott chooses a cause, she just gives them cash. No schedules, no promises, no strings. (Jack Dorsey's #startsmall initiative is similar, if smaller.)

By the numbers
Scott has given $587 million to racial equity organizations, 91% of which are run by leaders of color. $46 million went to LGBTQ+ equity organizations all of which are run by LGBTQ+ leaders.

  • She gave $133 million to gender equity organizations, 83% of which are run by women.

The philanthro-industrial complex did help: Scott was advised in her giving by Bridgespan Group, one of the largest big-philanthropy advisors. But their job was clearly just to identify worthy recipients - and then get out of the way.

The easy way to give away hundreds of millions or billions of dollars is to funnel the cash into architecture or endowments, rather than trying to get it directly to those who need it. Scott has avoided that.

  • "There has been too much emphasis on thinking about the future," says Benjamin Soskis, a philanthropy researcher at the Urban Institute. Scott's giving, instead, is based in "respect for people who are doing the work." And that feels new.

Scott is only getting started in her philanthropy, and the $1.7 billion she's given away so far is extremely impressive. Still, her net worth has managed to increase by $25 billion this year alone, thanks to the rise in Amazon's share price.


Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
EU Imposes Record €550 Million Digital Services Fine on AliExpress
London’s Housing Starts Collapse as Planning and Building Costs Stall Development
Charlie Sheen’s Daughter: "My Dad Didn’t Buy Me a House, My Breasts Bought It"
Vivienne Westwood Casts Cicciolina, 74, in Its New Autumn Campaign
Dejavu: Germany’s Military Expansion Reshapes Europe’s Strategic Balance With France
Naturally Conceived Identical Quadruplets Born in Rare Brisbane Delivery
Tate Brothers Fight British Extradition Bid After Miami Arrests
Burnham Reshapes Britain’s Government Around Living Costs, Devolution and Security
Jingye Demands Full Compensation After Britain illegally Nationalized British Steel
Just Another Liar or a Robin Hood? Andy Burnham Pledges Cost-of-Living Help in First Speech as UK Prime Minister
Morgan Stanley Builds a Wall Street Lead in AI Infrastructure Finance
High Prices Push Coffee Drinkers Toward Whole Beans and Home Brewing
Trump Draws Boos and Podium Scrutiny at Spain’s World Cup Triumph
Brilliant move: Péter Magyar Moves to Nominate Chess Grandmaster Judit Polgár as Hungary’s President
Spain Defeats Argentina in Extra Time to Win Second World Cup
Police Block Cockroach Janta Party’s March to Parliament as Education Protests Intensify
Current AI Seeks to Build an Open Global AI Infrastructure Outside Big Tech Control
Turkey Explores S-400 Transfer to UAE in Bid to Rejoin F-35 Program
Germany’s Economic Malaise Reopens the Sunday Shopping Debate
Singapore Considers Lower Taxes for Fund Managers as Hong Kong Intensifies Talent Contest
US Retaliates Against Iran After Two American Troops Killed in Jordan
Bank of Asia BVI Enters Court-Supervised Liquidation After Regulators Find It Insolvent
Proposed U.S.-Saudi Nuclear Pact Could Permit Limited Uranium Enrichment Under International Safeguards
Netherlands Declares Water Shortage Emergency After Drought Pushes Rivers to Historic Lows
Why Kentucky Fried Chicken Became KFC—and Why the False Explanations Persist
Iran Claims It Destroyed Bahrain’s Main Artificial Intelligence Center in Missile and Drone Strike
Ukrainian Drones Strike Wildberries Warehouses Deep Inside Russia
Brothers Andrew and Tristan Tate Who Turned "Toxic Masculinity" Into a Brand Arrested in Miami as Britain Seeks Their Extradition
Reported CIA Mission Helped Clear the UAE’s Path to Advanced US AI Chips
Artificial Intelligence Capital Fuels Markets While Governments and Regulators Face Mounting Strategic Tests
China’s Moonshot’s Kimi K3 Narrows the Gap With Anthropic Through Scale, Openness and Lower Cost
Gold and Cash Seizure Puts Indonesia’s Senior Anti-Corruption Prosecutor Under Investigation
The Ledger Will Not Trust on Faith
Trump Administration Pressures Banks to Restrict Financial Access for Undocumented Immigrants
Passenger Bound for Germany Refused to Sit Beside a Woman on a Plane — Then Slapped a Flight Attendant
Ukraine’s Leadership Rift Spills Into the Streets as Protesters Target Army Chief
Ukrainian Drone Barrage Kills Eight and Strikes Russian Logistics Network
The Ten World Cup Finals That Defined Football History
Smartphones Are Getting More Expensive, Sales Are Collapsing, and Even Apple Admits: "Prices Will Rise"
The Monaco Bombing Has Become a Test of Ukraine’s Intelligence Accountability
Leadership Change and Strategic Rivalry Redraw the Political Map
Energy Risk, Uneven Growth and the New Geography of Global Capital
The AI Race Enters Its Infrastructure Era
For 36 Years, He Scammed About 300 Luxury Hotels — Until He Was Caught
Britain Nationalises British Steel to Protect Scunthorpe Production and Strategic Supply
Andy Burnham Takes Labour Leadership and Prepares to Become Britain’s Seventh Prime Minister in a Decade
Tech Companies Want to Move Computing Off Your Screen and Onto Your Body
White House Teleprompter Operator Earned More Than $100,000 From Bets Linked to the President's Speeches
French National Assembly Overrides Senate to Pass Historic Assisted-Dying Legislation
Spanish Prime Minister's Wife Ordered to Stand Trial as Corruption Probes Encircle Governing Party
×