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No-strings philanthropy is giving charities more decision-making power

Billionaires: MacKenzie Scott donated $2 1bn in 2023

Billionaires: MacKenzie Scott donated $2 1bn in 2023
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Billionaires: Mukesh Ambani adopts old strategy to take on Coke and Pepsi

In our fortnightly round-up of the world’s super wealthy, MacKenzie Scott makes open call to donate $250m to non-profits and net worth of Stripe founders plunges

How billionaire women are reshaping philanthropy

How billionaire women are reshaping philanthropy The new generation is wresting female philanthropy away from its associations with pearl-clad socialites and gala dinners, heralding demographic and strategic shifts to which charities are scrambling to respond. Andrew Edgecliffe-Johnson Save Share New York | “Spousal support is not needed.” The five words on Melinda Gates’ divorce petition last week were a distinct understatement for a woman with billions of dollars to her own name and a claim on Bill Gates’ $US130 billion ($166 billion) Microsoft fortune. They could also serve as a motto for a growing group of women whose independent giving is transforming American philanthropy.

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