'i'm Inspired By All The Ways People Invest': Mackenzie Scott Has Donated Over $2 Billion This Year. Here's Where The Money Went—and Why.

MacKenzie Scott announced Wednesday successful a blog station that she has donated $2 cardinal this twelvemonth to 199 organizations. The 54-year-old billionaire philanthropist has now fixed distant a afloat of $19.2 cardinal since 2019, per AP.

About 75% of nan organizations that Scott has donated to this twelvemonth are nonprofits focused connected economical accusation and opportunity. They attraction connected causes for illustration affordable housing, healthcare, jobs, and loans.

For example, past month, Scott donated $65 cardinal to Enterprise Community Partners, a nonprofit that tackles nan affordable lodging shortage successful nan United States. It was nan 2nd gift Scott gave nan organization; nan first was $50 cardinal successful 2020.

Related: 'Wanted to Cry for Joy': MacKenzie Scott Donates $65M Gift to Housing Nonprofit

The remaining organizations attraction connected different causes related to value well-being, specified arsenic earthy assets conservation and value rights.

MacKenzie Scott. Photo by Jerod Harris/Getty Images

Scott has taken a "trust-based" philanthropic approach, giving ample sums of money complete nan past 5 years pinch nary conditions attached to overmuch than 2,500 organizations and elaborate really her onslaught to giving differs from nan rest.

What Does MacKenzie Scott Look for When Donating?

Scott has asked her finance squad to find companies focused connected for-profit solutions to nan aforesaid issues that nonprofits tackle.

Instead of transferring costs from a individual slope narration aliases banal portfolio, Scott would for illustration to guidelines her donations from a portfolio of investments she has made successful ventures pinch nan aforesaid ngo arsenic nan nonprofit that will personification nan gift.

This measurement nan money has a two-fold purpose: first by "unlocking... innovation" successful nan backstage assemblage and 2nd by "creating value" successful nonprofits, Scott wrote successful a blog station released Wednesday.

"I'm inspired by each nan ways group put successful each other," she wrote.

Related: Girl Scouts of nan USA Receives Largest Single Donation successful Over 100 Years, Thanks to Mackenzie Scott

Most of Scott's wealthiness comes from nan shares successful Amazon she received aft divorcing Amazon laminitis Jeff Bezos successful 2019.

She sold much than 45 cardinal shares of Amazon banal weighted astatine astir $8.4 cardinal past play earlier making a $65 cardinal aid to Local Initiatives Support Corp, a statement support organization.

Scott is worthy astir $40.3 cardinal and is nan 39th richest personification successful nan world, according to nan Bloomberg Billionaires Index.

Related: Melinda French Gates Announces Open Call for $250 Million Fund. Here's Who Can Apply.