London Daily

Focus on the big picture.
Friday, Oct 09, 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

0:00
0:00
Close
UK and Germany Finalize Kensington Treaty to Strengthen Defense and Technology Cooperation
Britain Maintains Diplomatic Mission in East Jerusalem Despite Israeli Closure Deadline
English Councils Push Government to Rethink Proposed Funding Cuts
Scottish Homebuilding Falls to Lowest Level in 11 Years
BBC Chief Matt Brittin Defends Restructuring as Staff Challenge Job Cuts
UK Finance Warns High Energy Costs and Bond Yields Are Complicating Fiscal Outlook
UK Adopts All 44 Recommendations on Regulating AI in Healthcare
Chancellor John Healey Prepares Autumn Budget as Borrowing Costs Strain Public Finances
UK Investigators See Strong Indications of Iranian Link After RAF Fairford Security Operation
Laura Trott Pledges Tighter Controls on Political Activism in UK Classrooms
Welsh Ministers Launch Long-Term Review of North Wales and Anglesey Crossings
Welsh Government Orders 18-Month Study of Road Solutions Around Newport
Reform UK MP Sarah Pochin Faces Scrutiny Over £800,000 Second Home Purchase
British Households Grow More Concerned About Fuel and Energy Prices
NHS Leaders Warn of Rising Winter Pressure on Emergency Departments
Kemi Badenoch Proposes £2.3 Billion Employer National Insurance Cut for Young Workers
Middle East Conflict Could Erase UK Fiscal Headroom, Economists Warn
Manchester City Found Guilty of Multiple Premier League Financial Rule Breaches
UK Security Services Find Strong Indications of Iranian Role in RAF Fairford Incident
Costa Coffee Returns to Operating Profit on Iced Drinks and Menu Changes
Asos Warns Customers After Unauthorized Access to Retail App and Data
Kemi Badenoch Puts Growth and Deregulation at Center of Conservative Conference
Campaigners Warn of Deepening Social Care Crisis for Disabled Adults
Study Finds Rising Early-Onset Cancer Rates Among Adults Under 50 in Britain
UK Coach Operators Warn High Diesel Prices Could Force Route Cuts
FCA Opens Independent Review Into Handling of Epstein-Linked Whistleblower Case
Argentina Vows to Block Falkland Islands Offshore Oil Development
UK Chancellor Prepares Fiscal Measures and Welfare Reforms Ahead of Autumn Budget
Sainsbury’s and Morrisons Explore Potential Multi-Billion-Pound Merger
UK Weighs Tariffs on Chinese Electric Vehicles to Align With European Union
UK Threatens Diplomatic Expulsions Over Planned Closure of East Jerusalem Consulate
UK Energy Price Cap Hits Three-Year High as Middle East Conflict Raises Costs
Seventh Arrest Made in Suspected Terror Plot at RAF Fairford
Systemic Education Collapse Sparks Mass Student Uprisings in France
Green Party Faces Backlash Over Resolution Equating Zionism With Racism
Conservatives Debate Scrapping Environmental Rules for New Homes
Cornwall Insight Warns UK Energy Bills Could Approach £2,000 This Winter
UK Coach Operators Warn of Service Cuts as Diesel Prices Exceed £2
Scottish Parliament Approves £68 Billion Budget With New Tax and Property Measures
FCA Opens Independent Review Into Handling of Epstein Whistleblower
UK Government Drops Plan to Suspend Jury Trials in England and Wales
Bank of England Holds Interest Rate at 3.75% as Markets Watch November
Two Iranian Nationals Charged Over Alleged Plot Targeting Manchester Jewish Community
UK Fiscal Headroom Halves to £11 Billion Ahead of Budget, EY Warns
US Bomber Withdrawal From RAF Fairford Prompts UK Security Review
Sarah Wakfer Appointed Chair of Northern Ireland’s Health and Care Regulator
Scotland Housing Completions Fall to 11-Year Low Amid National Shortage
UK Water Companies Face Tougher Oversight and Unannounced Regulatory Inspections
Middle East Conflict Pushes UK Fuel and Wholesale Energy Prices Higher
Andy Burnham Raises Prospect of Second Brexit Referendum in Review of UK-EU Relations
×