Scott revealed on Tuesday that she has actually donated $2.7 billion to nearly 300 companies. (Danny Moloshok, Reuters) NEW YORK (Reuters)– A Utah not-for-profit was one amongst nearly 300 companies that benefited from billionaire philanthropist MacKenzie Scotts $2.7 billion in donations Tuesday.Scott focused on companies she described as “categories and neighborhoods that have actually been traditionally underfunded and overlooked. “This unlimited contribution comes at an essential time for our company, it gives us the ability to think deeply, dream big, and ultimately develop a plan that will direct our company forward.
MacKenzie Scott is seen at the Vanity Fair Oscars Party in Beverly Hills, California, March 4, 2018. Scott announced on Tuesday that she has donated $2.7 billion to nearly 300 organizations. (Danny Moloshok, Reuters) NEW YORK (Reuters)– A Utah not-for-profit was one among nearly 300 companies that benefited from billionaire philanthropist MacKenzie Scotts $2.7 billion in donations Tuesday.Scott focused on organizations she described as “categories and communities that have been traditionally underfunded and overlooked.” Spy Hop, a youth media arts center situated in Salt Lake City that motivates youth to inform their story through film, music, audio and design, received $3 million, the not-for-profit revealed in a declaration Tuesday. The center offers in-school, after-school, summer camps, youth-in-care and satellite programming for kids ages 9 to 19, according to its website.”( Scotts) stunning gift validates the work our staff does to coach young people to discover their voice, inform their stories and create favorable change in their lives and the world,” Spy Hop Executive Director Kasandra VerBrugghen stated in the declaration. “This unrestricted donation comes at an essential time for our organization, it provides us the capability to believe deeply, dream big, and ultimately create a strategy that will assist our company forward.” Salt Lake City Mayor Erin Mendenhall congratulated the company in a tweet. “You do remarkable things for innovative young people in our community and Im delighted to see what youll develop next!” Mendenhall wrote.Congratulations @spy_hop! You do incredible things for imaginative youths in our neighborhood and Im delighted to see what youll create next! https://t.co/RBE7ZeIkQA— Mayor Erin Mendenhall (@slcmayor) June 15, 2021Scott, who became one of the worlds richest ladies upon her 2019 divorce from Amazon.com creator Jeff Bezos, has since handed out more than $8 billion in three rounds of contributions– each revealed via a surprise announcement.Last year, amid the coronavirus pandemic, she contributed more than $4 billion to food banks and emergency relief funds, months after she announced $1.7 billion in grants to causes such as racial equality, LGBTQ rights and environment change.Scott, who is now wed to Dan Jewett, a Seattle science teacher, got a 4% stake in Amazon as part of her divorce and has actually assured to distribute the huge majority of her fortune. The 51-year-old deserves around $60 billion, according to Forbes, making her the 20th-richest individual in the world.In a post on the website Medium, Scott said she and Jewett came to grips with how to announce the donations due to their pain with ending up being the center of the story, rather than the groups they intend to benefit.” Me, Dan, a constellation of scientists and administrators and advisors– we are all trying to hand out a fortune that was made it possible for by systems in requirement of change,” she wrote. “In this effort, we are governed by a humbling belief that it would be much better if out of proportion wealth were not concentrated in a little number of hands.” The groups range from college institutions such as schools in the California and Texas state university systems and community colleges, to arts centers such as the Apollo Theater, and to companies dedicated to racial and gender equity.Contributing: Ashley Fredde, KSL.com( Reporting by Joseph Ax; modifying by Jonathan Oatis) © Copyright Thomson Reuters 2021 × Related StoriesMore stories you might have an interest in