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MacKenzie Scott presents over $4b of her Amazon fortune to coronavirus aid funds

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MacKenzie Scott gifts over $4b of her Amazon fortune to coronavirus relief funds

MacKenzie Scott has gifted away over $4 billion of her Amazon fortune to coronavirus aid funds prior to now 4 months. 

Taking to Medium, ex-wife of Amazon boss Jeff Bezos stated she has given away $4,158,500,000 in presents to 384 organisations throughout all 50 American states, Peurto Rico and Washington DC.

Scott stated she requested her staff of advisors in July to assist speed up 2020 giving “through immediate support to people suffering the economic effects of the crisis.”

“This pandemic has been a wrecking ball in the lives of Americans already struggling,” she wrote. “Economic losses and health outcomes alike have been worse for women, for people of color, and for people living in poverty.”

“Meanwhile, it has substantially increased the wealth of billionaires.”

The American novelist stated her staff took a data-driven method to figuring out organisations with robust management groups and outcomes, with particular consideration to these working in communities dealing with excessive projected meals insecurity, excessive measures of racial inequity, excessive native poverty charges, and low entry to philanthropic capital.

The organisations  embody meals banks, emergency aid funds, and assist companies for these most weak.

“Others are addressing long-term systemic inequities that have been deepened by the crisis: debt relief, employment training, credit and financial services for under-resourced communities, education for historically marginalised and underserved people, civil rights advocacy groups, and legal defense funds that take on institutional discrimination.”

Last yr, Scott signed the Giving Pledge in a dedication to donate nearly all of her fortune after her break up from Bezos – the world’s richest man – left her with a 4% stake in Amazon.

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