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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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Ganesh Natarajan is the Founder and Chairman of 5FWorld, a new platform for funding and developing start-ups, social enterprises and the skills eco-system in India. In the past two decades, he has built two of India’s high-growth software services companies – Aptech and Zensar – almost from scratch to global success.
