Author and philanthropist MacKenzie Scott has been one of the most generous altruists, donating her fortune to the needy consistently.
In July this year, she donated $1.7 billion to over a hundred charitable organizations.
Recently, she announced that in the past four months, she has donated a massive $4 billion to 384 organizations fighting the pandemic that include food banks, emergency relief funds, civil rights advocacy groups, employment training organizations for the marginalized, and support services for the vulnerable.
On her blog, she announced, “This pandemic has been a wrecking ball in the lives of Americans already struggling. Economic losses and health outcomes alike have been worse for women, for people of color, and for people living in poverty.”
She explained how she urged her team of advisors to help her accelerate her donations to provide support to “people suffering the economic effects of the crisis.” The team identified organizations by using a data-driven approach and by seeking suggestions from industry experts and other non-profit leaders to help them zero down on the beneficiaries. Her team paid “special attention to those operating in communities facing high projected food insecurity, high measures of racial inequity, high local poverty rates, and low access to philanthropic capital.”
In the blog, she also listed the 384 beneficiaries that include organizations such as Community First Fund, Direct Relief — Fund for Health Equity, Community Food Bank of Eastern Oklahoma, Latino Community Credit Union / Latino Community Development Center, and National Women’s Law Center, among hundreds of others.
The richest woman in the world, MacKenzie Scott is worth $60 billion. Last year, she also signed the Giving Pledge initiative, which is founded by Warren Buffett and Bill and Melinda Gates and which encourages billionaires across the world to donate their wealth to charitable causes.
Isn’t this an amazing step by MacKenzie Scott? Let us know what you think of her effort in the comments section below.