London Daily

Focus on the big picture.
Saturday, Feb 07, 2026

How MacKenzie Scott Shook Up Philanthropic World By Donating Billions

How MacKenzie Scott Shook Up Philanthropic World By Donating Billions

MacKenzie Scott unlocked a staggering sum of nearly $6 billion in charitable gifts last year, and unlike many other large donors did not attach any restrictions or even naming rights requirements.

Food banks, immigrant rights groups, and struggling colleges across the US discovered a surprise benefactor last year as billions of dollars flowed into organizations hurting during the pandemic from MacKenzie Scott, the ex-wife of Amazon founder Jeff Bezos.

Scott unlocked a staggering sum of nearly $6 billion in charitable gifts last year, and unlike many other large donors did not attach any restrictions or even naming rights requirements.

The approach has shaken up the philanthropic world, not only with the size of her gifts, but without the limits and accounting requirements of many large foundations or donors.

Laura MacDonald, board chair of the Giving USA Foundation, a nonprofit which conducts research on philanthropic giving, said Scott's approach is part of a movement of "trust-based philanthropy" which does away with some of the red tape imposed by many donors.

MacDonald said Scott's approach moved beyond the "Big Brother" approach of some donors and the venture capital mindset which permeates much of the business world.

"Trust-based philanthropy has catapulted to the top of the list of taking points" in the philanthropic world as a result of Scott's initiative, MacDonald said.

"This may embolden other donors to try something and take more risks."

In December, Scott's latest funding round included 384 organizations ranging from Blackfeet Community College in Montana to the Arkansas Food Bank to the Immigrant Families Fund.

"This pandemic has been a wrecking ball in the lives of Americans already struggling," Scott wrote in a blog post.

"Economic losses and health outcomes alike have been worse for women, for people of color, and for people living in poverty. Meanwhile, it has substantially increased the wealth of billionaires."

 Lots to celebrate


Philanthropy activists say Scott's actions are likely to make other billionaires -- including her ex-husband -- take notice.

"There is a ton to celebrate about her philanthropy," said Phil Buchanan, president of the Center for Effective Philanthropy, which provides research data to foundations and other charitable donors.

"I would hope that the sheer amount of money she is getting out the door and her intention to continue to do so is a kick in the pants to all those sitting on tremendous wealth at time of unbelievable challenge and need."

Scott, whose Amazon stake acquired in her divorce settlement is estimated at some $58 billion, pledged to give away the majority of her wealth to fight social inequity.

She announced grants of some $1.7 billion last July and another $4.2 billion in December.

She enlisted a team of advisors to help identify organizations to aid those suffering from the economic toll of the pandemic, focusing on those working to combat hunger, poverty and racial inequity.

While her ex-husband Bezos has donated $10 billion to fight climate change -- the largest charitable gift of 2020 -- and additional amounts to other causes, his giving has been slower and proportionately smaller, given that his fortune is worth more than three times hers.

The former couple could offer a major boost to philanthropy in the US, which represented some $450 billion in donations from Americans in 2019.

 Speed and scale


Benjamin Soskis, senior research associate at the Center on Nonprofits and Philanthropy at the Urban Institute, said Scott's actions are remarkable not only for their scale but the speed in delivering the funds.

"The pandemic has amplified an imperative in getting money out the door as fast as possible," Soskis said.

Additionally, Scott has broken with much of philanthropic tradition by eliminating onerous restrictions and limits, which can complicate matters for organizations scrambling to cope with the pandemic.

"She has emphasized giving money and getting out of the way," Soskis said.

"Philanthropists often see themselves as part of the process, with multiple checks and evaluations and metrics which can be really burdensome."

One potential critique of Scott's approach is her "opaque" process in which she has selected grant recipients, Soskis said.

"She is operating in a realm of absolute discretion that is not accountable to anyone," he said.

Still, Soskis said her actions set an important precedent which could be a positive force for philanthropy.

"We shouldn't underestimate the role MacKenzie Scott plays in establishing a new norm for philanthropic giving," Soskis said.

"Any major philanthropist has to confront the example that she has set."

Newsletter

Related Articles

0:00
0:00
Close
The Implications of Expanding Voting Rights to Non-EU Foreign Residents in France
Ghislaine Maxwell to Testify Before US Congress on February 9
Al.com Acquired by Crypto.com Founder for $70 Million
Apple iPhone Lockdown Mode blocks FBI data access in journalist device seizure
Belgium: Man Charged with Rape After Faking Payment to Sex Worker
KPMG Urges Auditor to Relay AI Cost Savings
US and Iran to Begin Nuclear Talks in Oman
Winklevoss-Led Gemini to Slash a Quarter of Jobs and Exit European and Australian Markets
Canada Opens First Consulate in Greenland Amid Rising Geopolitical Tensions
China unveils plans for a 'Death Star' capable of launching missile strikes from space
NASA allows astronauts to take smartphones on upcoming missions to capture special moments.
Trump administration to launch TrumpRx.gov for direct drug purchases
Investigation Launched at Winter Olympics Over Ski Jumpers Injecting Hyaluronic Acid
U.S. State Department Issues Urgent Travel Warning for Citizens to Leave Iran Immediately
Wall Street Erases All Gains of 2026; Bitcoin Plummets 14% to $63,000
Epstein Case Documents Reignite Global Scrutiny of Political and Business Elites
Eighty-one-year-old man in the United States fatally shoots Uber driver after scam threat
UK Royal Family Faces Intensifying Strain as Epstein-Linked Revelations Rock the Institution
Political Censorship: French Prosecutors Raid Musk’s X Offices in Paris
AI Invented “Hot Springs” — Tourists Arrived and Were Shocked
Tech Mega-Donors Power Trump-Aligned Fundraising Surge to $429 Million Ahead of 2026 Midterms
UK Pharma Watchdog Rules Sanofi Breached Industry Code With RSV Vaccine Claims Against Pfizer
Melania Documentary Opens Modestly in UK with Mixed Global Box Office Performance
Starmer Arrives in Shanghai to Promote British Trade and Investment
Harry Styles, Anthony Joshua and Premier League Stars Among UK’s Top Taxpayers
New Epstein Files Include Images of Former Prince Andrew Kneeling Over Unidentified Woman
Starmer Urges Former Prince Andrew to Testify Before US Congress About Epstein Ties
Starmer Extends Invitation to Japan’s Prime Minister After Strategic Tokyo Talks
Skupski and Harrison Clinch Australian Open Men’s Doubles Title in Melbourne
DOJ Unveils Millions of Epstein Files, Fueling Global Scrutiny of Elite Networks
France Begins Phasing Out Zoom and Microsoft Teams to Advance Digital Sovereignty
China Lifts Sanctions on British MPs and Peers After Starmer Xi Talks in Beijing
Trump Nominates Kevin Warsh as Fed Chair to Reorient U.S. Monetary Policy Toward Pro-Growth Interest Rates
AstraZeneca Announces £11bn China Investment After Scaling Back UK Expansion Plans
Starmer and Xi Forge Warming UK-China Ties in Beijing Amid Strategic Reset
Tech Market Shifts and AI Investment Surge Drive Global Innovation and Layoffs
Markets Jolt as AI Spending, US Policy Shifts, and Global Security Moves Drive New Volatility
U.S. Signals Potential Decertification of Canadian Aircraft as Bilateral Tensions Escalate
Former South Korean First Lady Kim Keon Hee Sentenced to 20 Months for Bribery
Tesla Ends Model S and X Production and Sends $2 Billion to xAI as 2025 Revenue Declines
China Executes 11 Members of the Ming Clan in Cross-Border Scam Case Linked to Myanmar’s Lawkai
Trump Administration Officials Held Talks With Group Advocating Alberta’s Independence
Starmer Signals UK Push for a More ‘Sophisticated’ Relationship With China in Talks With Xi
Shopping Chatbots Move From Advice to Checkout as Walmart Pushes Faster Than Amazon
Starmer Seeks Economic Gains From China Visit While Navigating US Diplomatic Sensitivities
Starmer Says China Visit Will Deliver Economic Benefits as He Prepares to Meet Xi Jinping
UK Prime Minister Starmer Arrives in China to Bolster Trade and Warn Firms of Strategic Opportunities
The AI Hiring Doom Loop — Algorithmic Recruiting Filters Out Top Talent and Rewards Average or Fake Candidates
Amazon to Cut 16,000 Corporate Jobs After Earlier 14,000 Reduction, Citing Streamlining and AI Investment
Federal Reserve Holds Interest Rate at 3.75% as Powell Faces DOJ Criminal Investigation During 2026 Decision
×