MacKenzie Scott won't say how much she's giving 'this time'

In a blog post titled “No Dollar Signs This Time,” billionaire philanthropist MacKenzie Scott said she won’t uncover however overmuch she has fixed to foundation since her past circular of donations this year, successful an effort to trim the attraction she draws. Instead, she wrote a reflection connected what philanthropy means.

“I’m not including present immoderate amounts of wealth I’ve donated since my anterior posts," Scott wrote successful the station Wednesday. “I privation to fto each of these unthinkable teams talk for themselves archetypal if they take to, with the anticipation that erstwhile they do, media focuses connected their contributions alternatively of mine.”

Scott's station intentionally offered fewer details connected her giving. “Even by the accepted yardstick — wealth — contributions to the payment of others by financially affluent radical don’t merit disproportionate attention,” Scott wrote.

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The reclusive novelist, whose luck is estimated by Forbes astatine $59 billion, had expressed akin sentiments successful her past station successful June erstwhile she announced that she gave $2.7 cardinal to charity. She remains a precise backstage idiosyncratic and doesn't marque nationalist comments astir her giving speech from what she writes connected her Medium blog posts.

But her latest comments are apt going to summation calls for much transparency astir her giving style. Scott is advised by the nonprofit consulting elephantine The Bridgespan Group, but small is known astir however she selects groups to money isolated from the small she puts connected her blog posts each fewer months. And this time, the nationalist besides doesn't cognize however overmuch she's giving away.

Scott has antecedently tied her philanthropic motivation, successful part, to her concerns astir the attraction of immense wealthiness among a tiny radical of individuals, penning successful her past blog station that she, on with her husband, Dan Jewett, and a squad of advisors were “attempting to springiness distant a luck that was enabled by systems successful request of change.”

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She has promised to springiness her wealthiness distant “until the harmless is empty.” But acknowledgment to Amazon's climbing banal price, it has lone grown since she divorced Amazon laminitis Jeff Bezos successful 2019 and walked distant with a 4% involvement successful the company.

Her giving attack -- which doesn't travel with immoderate strings attached — is uncommon successful the philanthropic world, wherever affluent donors usually restrict what charities tin bash with wealth they springiness them. Scott doesn’t bash that, oregon necessitate the nonprofits to study to her however they’ve spent the wealth — a golden modular for gifts. She tin besides bypass nationalist reporting requirements due to the fact that she does her giving arsenic an individual, alternatively of done a instauration similar galore different affluent donors.

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