23 February 2022

SHARING THE WEALTH AT A FASTER RATE THAN ANYONE IN HISTORY

Refreshing It’s the latest multi-million-dollar donation by Scott made public this year, as she continues to give away her fortune at a faster rate than anyone in history.

MacKenzie Scott Pledges $50 Million To 4-H Youth Programs

Billionaires

Billionaire philanthropist MacKenzie Scott—whose ex-husband Jeff Bezos founded Amazon—has pledged to donate a record $50 million to the National 4-H Council, an agriculturally focused youth organization that serves six million children nationwide

Topline

Billionaire philanthropist MacKenzie Scott—whose ex-husband Jeff Bezos founded Amazon—has pledged to donate a record $50 million to the National 4-H Council, an agriculturally focused youth organization that serves six million children nationwide.

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Key Background

Scott received 25% of Bezos’ Amazon stake after the pair divorced in 2019 following 25 years of marriage, and is worth $44.8 billion, according to Forbes’ real-time wealth tracker. Scott later signed the Giving Pledge alongside billionaires like Elon Musk, Warren Buffett, Mark Zuckerberg, Bill Gates and Melinda French Gates, and vowed to give away at least half of her wealth within her lifetime. So far this month, she has pledged over $200 million in donations, including $133.5 million to Communities In Schools, a nonprofit that works to keep kids from dropping out. Also this month, Scott donated to the National Council on Aging ($8 million), pro-choice think tank the Guttmacher Institute ($15 million), mental health nonprofit the Jed Foundation ($15 million) and teacher professional development organization Leading Educators ($10 million). Scott also donated to two organizations that aim to fight addiction this month: $5 million to Shatterproof and $3 million to Young People in Recovery.

Tangent 

4-H is the youth development arm of the Cooperative Extension System, a federal program that supports American agriculture. Some form of 4-H program is available in every county and parish in the country, according to the organization. While 4-H’s after-school agricultural programs are well-known, it also offers programming in STEM, health and civic engagement. 

Further Reading

Here’s Who MacKenzie Scott Donated To So Far In February (Forbes)

MacKenzie Scott Gives $133.5 Million To Keep Kids In School (Forbes)

America’s Top Givers 2022: The 25 Most Philanthropic Billionaires (Forbes)

MacKenzie Scott Makes A U-Turn On Transparency, Keeps Latest Philanthropy Donations Secret (Forbes)

The Giving Pledge Gains 14 New Members—Here Are The Super-Rich Vowing To Donate Most Of Their Wealth (Forbes)

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