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Fri, 12/25/2020 - 4:04am tim
Conflict of Interest by Kevin Ellis MacKenzie Scott riled the world of philanthropy last week by donating $4.2 billion to a lot of non-profits doing great work. Good on her.
What raised eyebrows, and rightly so, was that she ignored the usual suspects - Ivy League schools for example - in favor of lesser-known colleges, food banks, Goodwill Industries, YMCAs, Meals-on-Wheels, and others caring for people in the pandemic who most need the money.
This giving raises a whole host of issues. Some great. Some very troubling.
Scott came by her money after her divorce from Jeff Bezos, the founder of Amazon. Scott walked away with $38 billion that has grown to $60 billion in our stock market, and makes her one of the wealthiest people on the planet.
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