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Billionaire expanded the volume of donations to about 200 organizations, focusing on higher education, underserved groups, and the environment, raising the total amount donated in her lifetime to US$ 26 billion
Mackenzie Scott announced billion-dollar donations of US$ 7.2 billion, about R$ 38.88 billion, the largest annual volume ever made public by her since 2019, raising the total amount donated in her lifetime to US$ 26 billion, roughly R$ 140 billion.
Largest annual volume ever disclosed
The new package places Scott among the major donors in the United States. The billionaire has already allocated more than 46% of her fortune, a proportion only surpassed by George Soros.
With the announcement, the total amount donated by her reached US$ 26 billion, approximately R$ 140.43 billion. This amount places Scott among the top three donors in the United States.
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In absolute terms, she is behind Warren Buffett and Bill Gates. Buffett has already allocated about US$ 65 billion, while Gates appears with approximately US$ 48 billion.
The billion-dollar donations made Scott surpass Michael Bloomberg and George Soros. Soros still leads when the calculation considers the proportion of wealth dedicated to philanthropy.
About 200 organizations receive funds
The donations were distributed to about 200 organizations. The main focus was on higher education, supporting historically Black universities in the United States and programs for indigenous students and underserved groups.
The environmental sector also received a significant portion of the funds. Among the beneficiary entities are the Global Methane Hub, the ClimateWorks Foundation, and the organization Forests, People, Climate.
Scott is known for making large, unrestricted donations. In this cycle, she maintained the trend of supporting grassroots institutions and organizations that had previously received funds.
The billionaire rarely speaks publicly about her philanthropic actions. Her statements are usually restricted to texts on Yield Giving.
Fortune born from Amazon
The origin of Scott’s fortune is linked to Amazon. In 2019, after her divorce from Jeff Bezos, she received about 400 million shares of the company.
Bezos remains the third richest man in the world, with an estimated net worth of US$ 242 billion. Still, he donated less than a fifth of the amount Scott allocated to social causes.
Scott divested more than 75% of the Amazon shares she received. If she had kept those shares, her fortune could reach US$ 91 billion.
Today, Forbes estimates her net worth at about US$ 30 billion, below the peak of US$ 59 billion in 2021.
Model dispenses with traditional foundation
Scott does not maintain a traditional foundation. She uses donor-advised funds, DAFs, with tax advantages similar to foundations.
These funds have fewer transparency requirements and do not mandate a minimum annual distribution. Experts point out that the structure can also reduce capital gains taxes.
Shares can be transferred before sale, and funds are reinvested in social projects, such as affordable housing, women’s health, and teletherapy adapted to cultural contexts.
In the announcement, Scott wrote: “There are many ways to influence how we move through the world and where we arrive.” The phrase set the billionaire’s tone when presenting the new cycle.
With information from Correio 24 Horas.
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