“A vanishingly tiny fraction.”
That’s how billionaire MacKenzie Scott sees her $7.2 billion charitable giving in 2025, almost four times the size of her $2 billion total grant in 2024.
It’s a view she espoused in her latest blog post in early December. And compared to the wider world economy, there might be some truth to it. However, the sheer size of her philanthropy already puts her at almost the same spending level as the Gates Foundation, one of the world’s largest private donors, which spent $8 billion in 2024.