MacKenzie Scott donates $2.7 billion, blasts wealth gap

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MacKenzie Scott, the billionaire philanthropist and Jeff Bezos’ ex-wife, gives $2.7 billion to a variety of charities — $8.5 billion since July 2020.

Private philanthropy leaves arts institutions at the mercy of patrons. It’s time to increase public funding for the arts.The world’s 500 richest people added $1.8 trillion to their combined net worth last year, according to the Bloomberg Billionaires Index. The gains were particularly pronounced in the U.S. and especially among tech titans, including Bezos, the richest person in the world.

Last year she likely set a record for the largest annual distribution by a living person. Scott has been lauded by experts and philanthropy critics alike not only for the speed and scope of her gifts, but also for what organizations she’s giving to — smaller ones typically overlooked by big donors — and for the no-strings-attached that come with her gifts.

Eduardo Vilaro, chief executive officer of Ballet Hispanico, another group that received money from Scott in this latest batch, also said the unrestricted nature was important for his organization. Vilaro said the donation is slightly larger than their annual operating budget and the biggest it’s received in its more than 50-year history. He was made aware of the gift about a month ago when he received a call out of the blue from one of Scott’s representatives.

 

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Amazon is my design thinking. Should pay me. If paying to repeaters thru some tricky ways, that is corruption

Good for her, especially the seeming randomness of her choices. Ignore those who are trying to put rails around her giving.

Hear me out, what if she, and other billionaies, were taxed heavily instead of donations write-offs?

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