These days, Tesla CEO Elon Musk is in pressure concerning Mackenzie Scott, the ex-wife of Amazon founder Jeff Bezos. He described the donation being made by McKenzie as ‘worrying’. Actually, a submit was made on social media concerning McKenzie’s donation. In this, he was accused that as a substitute of many essential world points, Scott’s focus is extra on points like racial equality, immigrants’ rights and LGBTQ. In this submit, questions had been additionally raised on Scott’s ‘Trust-Based Philanthropy’, underneath which she has donated 16 billion {dollars} within the final 5 years.
Has donated repeatedly to many organizations
It is noteworthy that in 2024 alone, Scott donated greater than as soon as to many organizations. These embody CAMFED, a corporation engaged on ladies’ training in Africa, to which Scott donated 3 times a 12 months. Apart from this, Scott additionally donated $65 million to Enterprise Community Partners after donating $50 million in 2020.
However, this time Scott modified its donation technique and began an open name utility course of, underneath which greater than 6,000 non-profit organizations utilized for donations and greater than 360 of these organizations had been awarded $640 million by Scott. Promised to present. Scott’s submit on social media mentioned that such donations profit the ‘NGO/non-profit advanced’, the place work alternatives are created for these with costly levels.
Concerned https://t.co/C11Lnm8XeH
— Elon Musk (@elonmusk) December 23, 2024
Gives cash with none circumstances
Scott makes all these donations by way of her Yield Giving initiative. Scott has to this point donated unconditionally to greater than 2,500 NGOs, as a result of which the non-profit organizations spend the quantity obtained as per their want. Let us inform you that the online asset of McKenzie Scott is at present 36 billion {dollars}, during which the rising share value of Amazon has contributed.
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