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MacKenzie Scott donates $4.2 billion during COVID-19 crisis

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MacKenzie Scott stated she appeared for methods she might give instant assist to individuals struggling the financial results of the COVID-19 disaster.

Philanthropist MacKenzie Scott, the ex-wife of Amazon founder and CEO Jeff Bezos, stated she has donated practically $4.2 billion the previous 4 months to assist these in want throughout the COVID-19 pandemic.

Scott, 50, stated in a weblog submit she requested a group of advisors, utilizing a data-driven strategy, to assist discover methods she might give “instant assist to individuals struggling the financial results of the disaster.” Scott stated the outcome was $4,158,500,000 donated to 384 organizations in all 50 states plus Puerto Rico and Washington, D.C.

“Some are filling fundamental wants: meals banks, emergency aid funds, and assist companies for these most weak,” Scott stated in a submit on Medium. “Others are addressing long-term systemic inequities which have been deepened by the disaster: debt aid, employment coaching, credit score and monetary companies for under-resourced communities, schooling for traditionally marginalized and underserved individuals, civil rights advocacy teams, and authorized protection funds that tackle institutional discrimination.”

Scott stated she shouldn’t be completed. She additionally urged these studying her submit to offer to organizations “doing outstanding work all throughout the nation.”

Scott additionally famous in her submit that whereas many People who had been already struggling have been hit onerous by the pandemic, billionaires have seen their wealth improve significantly.

America’s employers added 245,000 jobs in November, the fewest since April and the fifth straight month-to-month slowdown. The unemployment fee is at 6.7%. In the meantime, the Dow Jones closed at 30,199 Tuesday, up considerably from the 18,591 it closed at in late March following a significant crash. The Nasdaq closed at an all-time excessive Tuesday.

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Bezos, the wealthiest individual on the planet, and Scott divorced in January 2019 after 25 years of marriage. Scott ended up with a $35 billion stake in Amazon, the corporate Bezos based not lengthy after the couple married.

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The Related Press contributed to this report.

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