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MacKenzie Scott, ex-wife of Amazon founder Jeff Bezos, has donated more than $2 billion to groups working on everything from climate change and affordable housing to early learning and women's equality, and she's not happy about it.
In a letter to the Giving Pledge site, Scott, who has pledged to give away 99% of her wealth by 2020, says she's "appalled" by the application process for grants, which can take years, reports the New York Times.
She says it can take up to six months for an organization to be approved, and she doesn't want to wait that long to start working with the group.
She says the application process can take as long as a year, and she doesn't want to wait that long to start working with the group again.
Scott says the application process can take as long as two years, and she doesn't want to wait that long to start working with the group again.
In her letter to the Giving Pledge site, Scott, who is also a judge on the nonprofit Lever for Change's $100 million Racial Equity 2030 prize, says that while she believes in the power of philanthropy, some donors "bring in the for-profit mentality to the non-profit world, thereby reducing
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A customized collection of grant news from foundations and the federal government from around the Web.
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Social Entrepreneurship
Spotlight
3 Social Enterprises Earn Honors at Social Enterprise Award
Three social enterprises were recognized at the 2013 President’s Challenge Social Enterprise Award for their major contributions to society. SATA CommHealth and Bliss Restaurant landed Social Enterprise of the Year titles, while Bettr Barista Coffee Academy bagged the award for Social Enterprise Start-up of the Year.
