London Daily

Focus on the big picture.
Tuesday, Jul 14, 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
Beer Industry Warns UK Rules Could Limit Growth of Alcohol-Free Market
Home Office Faces Legal Challenges Over Asylum Seeker Accommodation Closures
UK Heatwaves Linked to More Than Two Thousand Seven Hundred Deaths as Climate Debate Intensifies
Home Secretary Faces Pressure Over Political Security After Ann Widdecombe Murder Investigation
United Kingdom Opens Trade Consultation With Indonesia, Philippines, United Arab Emirates and Uruguay
Robert Jenrick Joins Reform UK After Leaving Conservative Party Leadership Role
Counter-Terrorism Police Take Over Investigation into Murder of Former MP Ann Widdecombe
Andy Burnham Secures Strong Labour Backing in Race to Succeed Keir Starmer
Global Markets Slide as Middle East Conflict Escalation Sends Oil Prices Higher
UK Prime Minister Keir Starmer Offers Condolences Following Death of Qatar’s Father Amir
UK Regional Innovation Policy Focuses on Research Clusters Across Scotland, Wales, and Northern England
UK Corporate Transparency Rules Set to Become More Strict Under Modern Slavery Reform Plans
UK Civil Service Estate Strategy Shifts Government Activity Away From London
UK Strengthens National Security Powers Through New Threat Designations
Greater Manchester Police Conduct Drink and Drug Driving Operations After Football Events
UK Government Advances Darlington Economic Campus With Construction Milestone
UK Authorities Increase Football-Related Security Operations After Tournament Fixtures
UK Invests Fifty-One Million Pounds in National Cryogenics Facility and Regional Innovation Hubs
UK Moves Toward Tougher Modern Slavery Reporting Rules With Corporate Penalties
UK Government Reports Forty-Three Million Pounds in Savings From Office Estate Reform
UK Government Expands Civil Service Regional Strategy With Manchester and Darlington Campus Projects
UK Designates Iran’s Islamic Revolutionary Guard Corps as National Security Threat
United Kingdom Financial Markets Monitor Business Response to Economic Policy Changes
Scottish Renewable Energy Expansion Highlights Need for Faster Grid Development
Wales and Regions Strengthen Focus on Economic Development Through Tourism and Investment
Retail Industry Warns High Street Businesses Remain Under Pressure
Police Chiefs Highlight Growing Challenges Managing Protests and Public Order
Agriculture Leaders Seek Clarity on Post-Brexit Farming Support and Environmental Rules
Transport Unions Warn of Further Industrial Action Over Pay and Working Conditions
Welsh Tourism Sector Reports Strong Growth Driven by Domestic and International Visitors
National Infrastructure Review Gains Support as Leaders Seek Faster Project Delivery
Financial Markets Assess Impact of United Kingdom Corporate Tax Policy Changes
Northern Ireland Assembly Debates Cross-Border Trade and Infrastructure Cooperation Plans
Government Opens Consultations on Housing Reform and Planning System Changes
Scottish Government Faces Pressure to Accelerate Offshore Wind and Grid Expansion
National Energy System Operator Warns Grid Investment Is Needed for Future Electricity Demand Growth
United Kingdom Research Council Invests in Artificial Intelligence and Biotechnology Innovation Hubs
United Kingdom Expands Oversight of Skilled Worker Visa Sponsors Amid Migration Debate
Cross-Party MPs Call for National Infrastructure Strategy Review to Accelerate Economic Growth
Prime Minister Announces One Billion Pound NHS Funding Package Ahead of Winter Pressures
Bank of England Signals Cautious Approach to Interest Rates as Inflation Remains Above Forecasts
World Cup Visitors Turn American Big-Box Stores Into Souvenir Stops
Netflix Weighs Always-On Channels, Bundles and Short-Form Video
Passenger Is Pulled Partly Outside Ryanair Jet After Window Fails Mid-Flight
Innovation-led growth strategy
Public service reform pressure
Defence and industrial security
Labour leadership transition and economic reset
Northern England Pushes for Greater Influence in Britain’s Future Economic Model
UK Technology Strategy Focuses on Life Sciences, Digital Innovation and Research Investment
×