At the end of 2024, MacKenzie Scott made an announcement.
In an essay titled “Investing,” she said that she planned to make an impact not just with her grants, but with the money she didn’t give away.
“When I make gifts, rather than withdrawing funds from a bank account, or from a stock portfolio that increases the wealth and influence of leaders who already have it, I’d like to withdraw them from a portfolio of investments in mission-aligned ventures, with leaders from the populations they are serving, or from generally undercapitalized groups like women and people of color,” she wrote.