support@headlinenews360.com
These days, Tesla CEO Elon Musk is in tension regarding Mackenzie Scott, the ex-wife of Amazon founder Jeff Bezos. He described the donation being made by McKenzie as ‘worrying’. Actually, a post was made on social media regarding McKenzie’s donation. In this, he was accused that instead of many important global issues, Scott’s focus is more on issues like racial equality, immigrants’ rights and LGBTQ. In this post, questions were also raised on Scott’s ‘Trust-Based Philanthropy’, under which she has donated 16 billion dollars in the last five years.
Has donated repeatedly to many organizations
It is noteworthy that in 2024 alone, Scott donated more than once to many organizations. These include CAMFED, an organization working on girls’ education in Africa, to which Scott donated three times a year. Apart from this, Scott also donated $65 million to Enterprise Community Partners after donating $50 million in 2020.
However, this time Scott changed its donation strategy and started an open call application process, under which more than 6,000 non-profit organizations applied for donations and more than 360 of these organizations were awarded $640 million by Scott. Promised to give. Scott’s post on social media said that such donations benefit the ‘NGO/non-profit complex’, where work opportunities are created for those with expensive degrees.
Concerning https://t.co/C11Lnm8XeH
— Elon Musk (@elonmusk) December 23, 2024
Gives money without any conditions
Scott makes all these donations through her Yield Giving initiative. Scott has so far donated unconditionally to more than 2,500 NGOs, due to which the non-profit organizations spend the amount received as per their wish. Let us tell you that the net asset of McKenzie Scott is currently 36 billion dollars, in which the rising share price of Amazon has contributed.
Also read: Next time you get salary, check your salary slip like this, company makes deduction on these things
