• 2 months ago
Billionaire MacKenzie Scott’s donation to Access to Capital for Entrepreneurs (ACE) was “completely out of the blue.”

Category

🤖
Tech
Transcript
00:00Mackenzie Scott is not showy or flashy despite her vast fortune and generous donations.
00:04In fact, she's so low-key that a non-profit employee thought her $10 million gift was spam.
00:09An employee of Access to Capital for Entrepreneurs thought their notification
00:12of a $10 million donation from Scott was a spam or phishing email the non-profit CEO told Fortune.
00:18This is the largest gift that the Georgia-based organization has ever received.
00:22Launched in 2000, the non-profit offers loans and advisory services to new businesses in Georgia,
00:27focusing on helping women, people of color, and people with low to moderate incomes.
00:31Scott previously donated $5 million to the organization in 2020.
00:35Scott is the billionaire ex-wife of Amazon founder Jeff Bezos,
00:38and has made it her mission to offload much of the fortune she gained from their 2019 divorce.
00:43As of March, Scott had donated $17.3 billion to more than 2,300 non-profit organizations,
00:49and is still worth an estimated $34 billion according to Forbes.

Recommended