Brief - The Hustle

MacKenzie Scott has given out billions to charity. Recipients think it’s a joke.

Written by Jacob Cohen | Aug 20, 2021 7:18:39 AM

In a mere 12 months, MacKenzie Scott has dished out $8.6B in philanthropic grants.

A recent Bloomberg investigation tracked down 375 of those grants, worth $4.3B.

For ~90% of the recipient organizations, Scott’s donations were the largest they’ve ever received — ranging from $750k-$60m.

Some recipients thought emails from Scott’s team notifying them of the gifts were phishing scams — which, to us, sounds like a completely reasonable thought.