MacKenzie Scott announces $4BN in donations | Business and Economy News

The announcement brings Scott’s publicly disclosed donations to more than $12bn since 2019.

Billionaire philanthropist MacKenzie Scott revealed that she has donated nearly $4bn to 465 nonprofits according to a blog post on Wednesday, confirming the gifts that the groups have been announcing on their own for months.

The announcement brings Scott’s publicly disclosed donations to more than $12bn since 2019, including Tuesday’s announcement of a $436m donation to Habitat for Humanity International and 84 of its affiliates to create affordable housing. That donation is the largest publicly disclosed gift from Scott and her husband, Dan Jewett, so far.

Also on Wednesday, Community Catalyst, a healthcare reform nonprofit in Boston, announced it received $25m from Scott, who detailed the recipients of $3,863,125,000 in donations, though not individual amounts.

“Our team’s focus over these last nine months has included some new areas, but as always our aim has been to support the needs of underrepresented people from groups of all kinds,” Scott wrote. “The cause of equity has no sides. Nor can it has a single solution.”

For that reason, she believes in “supporting people directly experiencing inequities is essential, both because it is informed by insights no one else can contribute, and because it seeds power and opportunity within the community itself.”

According to Scott, 60 percent of the groups she and Jewett donated to are led by women and 75 percent are led by “people with lived experience in the regions they support and the issues they seek to address”.

Scott, who declines interviews and only discusses her philanthropic choices through her blog posts, explained that she believes in a “diversity of voices” and that belief drives many of her decisions about announcing her giving. “It’s what underlies my approach to press inquiries — respecting the autonomy and role of journalists by doing nothing to try to influence or control what they report,” she wrote.

Scott, who is worth about $48bn according to Forbes, signed the Giving Pledge through which many billionaires have promised to donate more than half of their wealth.

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