These days tesla CEO Elon Musk is in tension about amazon founder Jeff Bezos' ex-wife MacKenzie Scott. He has described the donation being made by MacKenzie as 'worrisome'. Actually, a post was made on social media regarding MacKenzie's donation. In this, she was accused that instead of many important global issues, Scott's focus is more on issues like racial equality, rights of immigrants and LGBTQ. In this post, questions were also raised on Scott's 'trust-based philanthropy', under which she has donated $ 16 billion in the last five years.
Has donated repeatedly to many organizations
It is worth noting that in 2024 alone, Scott donated more than once to many organizations. These include CAMFED, an organization working on girls' education in Africa, to which Scott donated three times a year. Apart from this, Scott also donated $65 million to Enterprise Community Partners after donating $50 million in 2020.
However, this time Scott changed her donation strategy and started an open call application process, under which more than 6,000 non-profit organizations applied to get donations and Scott promised $640 million to more than 360 of these organizations. In a post made by Scott on social media, it was told that such donations benefit the 'NGO/non-profit complex', where work opportunities are created for those with expensive degrees.
Gives money without any conditions
Scott makes all these donations through her Yield Giving initiative. Scott has so far donated to more than 2,500 NGOs without any conditions, due to which the non-profit organizations spend the amount received as per their wish. Let us tell you that MacKenzie Scott's net asset is currently $36 billion, in which the rising share price of amazon has contributed.
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