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Giving Billions Fast, MacKenzie Scott Upends Philanthropy
Key Excerpts from Article on Website of New York Times


New York Times, December 20, 2020
Posted: January 4th, 2021
https://www.nytimes.com/2020/12/20/business/mackenzie-scott-...

In November, Dorri McWhorter, the chief executive of the Y.W.C.A. Metropolitan Chicago, got a phone call from a representative of the billionaire philanthropist MacKenzie Scott. The news was almost too good to be true: Her group would be receiving a $9 million gift. Ms. McWhorter shed tears of joy on the call. Similar scenes were playing out at charities nationwide. Ms. Scott’s team recently sent out hundreds of out-of-the-blue emails to charities, notifying them of an incoming gift. Many of the gifts were the largest the charities had ever received. Ms. McWhorter was not the only recipient who cried. All told, Ms. Scott — whose fortune comes from shares of Amazon that she got after her divorce last year from Jeff Bezos, the company’s founder — had given more than $4 billion to 384 groups, including 59 other Y.W.C.A. chapters. In the course of a few months, Ms. Scott has turned traditional philanthropy on its head. Whereas multibillion foundations like Bloomberg Philanthropies and the Bill and Melinda Gates Foundation have fancy headquarters, Ms. Scott’s operation has no known address — or even website. By disbursing her money quickly and without much hoopla, Ms. Scott has pushed the focus away from the giver and onto the nonprofits she is trying to help. They are the types of organizations — historically Black colleges and universities, community colleges and groups that hand out food and pay off medical debts — that often fly beneath the radar.

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