Philanthropist MacKenzie Scott donates $16 billion to NGOs and Elon Musk criticizes this as concerning!
If a donation had been made to a far-right party, Elon Musk would probably have been full of praise.
https://twitter.com/elonmusk/status/1871163247593996349
The following is an excerpt from a tweet that Elon Musk quoted and described as “worrying” in his quote tweet.
Excerpt of the quoted tweet:
„MacKenzie Scott (Bezos) does not get enough attention for the impact she’s having on the state of the world. Her primary causes are Equity™, sewing racial division and supporting illegal immigration. Her method is “trust-based philanthropy” – giving $16 billion in no strings attached grants to over 2,500 NGOs and nonprofits. Her primary impact is feeding the NGO / non-profit complex – a jobs program for entitled liberals who think their overpriced degrees are worth framing. MacKenzie Scott gives millions of dollars to groups with with stated missions like “Empowering Latinx immigrants,” “Deportation Defense,” and “Justice and equality for LGBTQ immigrants.” She received 19.7 million shares of $AMZN in her divorce ($38.3 billion) and has already given away $16 billion in the last 5 years. But, she’s still worth $36 billion thanks to the rise in Amazon’s stock price. So, she’s just getting started,,,,“
Below is some information about MacKenzie Scott and her philanthropic activities.
MacKenzie Scott, the ex-wife of Amazon founder Jeff Bezos, has become one of the most prolific philanthropists in recent history. Over the past five years, Scott has donated an astounding $16 billion to various charitable causes, placing her at the forefront of global philanthropy, as per reports. Scott focuses on trust-based philanthropy through her Yield Giving initiative, offering unrestricted grants to non-profits, attached to racial equity, immigrant rights, and LGBTQ justice.
MacKenzie Scott has reshaped philanthropy through her unconventional and expansive approach. Her Yield Giving initiative emphasizes trust-based grants, which provide non-profits the flexibility to allocate funds according to their needs. This model of unrestricted funding is a significant departure from traditional philanthropy, which often comes with stringent conditions.
In 2024 alone, Scott introduced an open-call application process, inviting non-profits to apply for funding. Over 6,000 organizations submitted applications, and Scott ultimately awarded $640 million to more than 360 non-profits, exceeding her initial commitments. This innovative approach has been described as transformative, allowing organizations to address critical needs and achieve long-term goals.
In 2024, Scott adopted a new strategy by making repeat donations to organizations she had previously supported. For example, CAMFED, an organization focused on girls’ education in Africa, received three additional grants, while Enterprise Community Partners, initially awarded $50 million in 2020, received an extra $65 million.
This shift in strategy reflects Scott’s commitment to building long-term partnerships with non-profits and ensuring sustained impact. Her approach has been hailed as a game-changer by recipients, enabling organizations to plan effectively and achieve greater outcomes.