With Amazon billions, MacKenzie Scott shakes up philanthropy

Washington (AFP) – Food banks, immigrant rights groups, and struggling colleges across the US discovered a surprise benefactor last year as billions of dollars flowed into organizations hurting during the pandemic from MacKenzie Scott, the ex-wife of Amazon founder Jeff Bezos. Scott unlocked a staggering sum of nearly $6 billion in charitable gifts last year, and unlike many other large donors did not attach any restrictions or even naming rights requirements. The approach has shaken up the philanthropic world, not only with the size of her gifts, but without the limits and accounting requirem…

Read More

HEDGE accordingly