MacKenzie Scott

Introduction

It is hard to spend money, but then when you find who spends it well, everybody gets lifted.

 

MacKenzie Scott

  1. Mother
    • MacKenzie Scott is a mother to four children
    • Three of the children are biological
    • The fourth was adopted from China
  2. Wealth
    • $62.2 billion, owing to a 4% stake in Amazon.
    • Scott is the third-wealthiest woman in the United States and the 21st-wealthiest individual in the world.
    • She is known for her involvement in the founding and development of Amazon
    • She is a signatory to the Giving Pledge, a commitment to give at least half of her wealth to charity.
  3. Education
    • Princeton
      • In 1992, Tuttle earned her bachelor’s degree in English at Princeton University
  4. Mentorship
    • Toni Morrison, Nobel Laureate in Literature
      • While at Princeton University, Mackenzie studied under Toni Morrison
      • Toni Morrison describes Tuttle as “one of the best students I’ve ever had in my creative writing classes”.
      • She worked as a research assistant to Morrison for the 1992 novel Jazz.
  5. Timeline of Giving
    • 2020
      • In 2020, she made US$5.8 billion in charitable gifts
      • That amount is one of the largest annual distributions by a private individual to working charities.
    • 2021
      • Scott donated a further $2.7 billion in 2021
  6. Philanthropy
    • 2019
      • 2019-May
        • In May 2019, became a signatory on the Giving Pledge
    • 2020
      • 2020-July
        • In a July 2020 Medium post, Scott announced that she had donated $1.7 billion to 116 non-profit organizations, with a focus on racial equality, LGBTQ+ equality, democracy, and climate change.
        • Her gifts to HBCUs, Hispanic-serving institutions, tribal colleges and universities, and other colleges surpass $800 million.
      • 2020-December
        • In December 2020, less than six months later, Scott stated that she had donated a further $4.15 billion in the previous four months to 384 organizations, with a focus on providing support to people affected by the economic impact of the COVID-19 pandemic and addressing long-term systemic inequities.
        • She said that after July, she wanted her advisory team to give her wealth away faster as the United States struggled with the unprecedented impact of COVID-19 while billionaires’ wealth continued to climb.
        • Her team’s focus was on “identifying organizations with strong leadership teams and results, with special attention to those operating in communities facing high projected food insecurity, high measures of racial inequity, high local poverty rates, and low access to philanthropic capital“.
      • Scott’s 2020 charitable giving totaled $5.8 billion, one of the biggest annual distributions by a private individual to working charities.
    • 2021
      • 2021-June
        • On June 15, 2021, Scott announced another $2.7 billion in giving to 286 organizations.

Portrait

Family Portrait

In Words

  1. Jeff Bezos
    • Talents Versus Choices
      • Be proud of your choices, not your talents. You’ve gotta figure out what you love. And it’s going to bring you great joy.

My Take

So many people to fall in line and love with.

Personally, I do get lifted when I think of these couples:-

  1. Bill Gates and Melinda French Gates
    • Giving Pledge
  2. Steve Jobs and Laurene Powell Jobs
    • Laurene Powell Jobs
      • Emerson Collective, an organization that, among other investing and philanthropic activities, advocates for policies concerning education reform, social redistribution, and environmental conservation.
  3. Jeff Bezos and MacKenzie Scott
  4. Mark Zuckerberg and Priscilla Chan
    • Priscilla Chan
      • A former pediatrician.
      • She and her husband Mark Zuckerberg, established the Chan Zuckerberg Initiative in December 2015, with a pledge to transfer 99 percent of their Facebook shares, then valued at $45 billion

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