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In The News:
That’s the way MacKenzie Scott, one of America’s single largest philanthropists, has chosen to disburse the spoils of her divorce from Jeff Bezos in 2019. And it’s a style that Melinda French Gates appears to be emulating , at least partly, in her newly solo philanthropic venture.
On Tuesday, French Gates revealed in a New York Times essay that her first project after leaving the foundation she co-founded with her ex, Bill Gates, would focus on advancing women’s rights around the world.
French Gates said she is “experimenting with novel tactics” such as doling out $20 million grants to 12 smart people and letting them do with it what they see fit. “I’m eager to see the landscape of funding opportunities through their eyes.”
That kind of unrestricted giving is uncommon in the traditionally bureaucratic realm of philanthropy. But it’s not unheard of, and that’s largely thanks to the way women generally, and Scott in particular, have taken a radical, trust-based approach to giving.
“I think it’s been the bane of a lot of nonprofits’ existence is that, if it’s government grants, they have to comply with a lot of red tape to demonstrate that they’re having an impact,” Amir Pasic, the dean of the Indiana University Lilly Family School of Philanthropy, tells me. “And I think a lot of philanthropies, especially the highly professional foundations kind of emulate that way of looking at things — they want you to know how to measure the impact that you’re having … And nobody asks the nonprofits if these are even the appropriate impact measures.”
“Women tend to be more social in the way that they approach giving, and they’re more collaborative,” Pasic says, citing research from the Women’s Philanthropy Institute.
Scott’s style of giving — generous, unrestricted and consistently happening with zero fanfare around it — has been a notable departure from the more methodical, top-down approach of large charitable foundations, including the one French Gates co-founded.
Philanthropy and Social Impact
Philanthropy has long been a vital component of societal development, with individuals and organizations contributing to causes that benefit humanity as a whole. In recent years, however, the landscape of philanthropy has undergone a significant shift, thanks in large part to the efforts ofMacKenzie Scott, billionaire philanthropist and former novelist.
Scott, who was formerly married to Jeff Bezos, the founder of Amazon, has made headlines for her unconventional approach to philanthropy. Unlike many other philanthropists, who often focus on specific causes or build large institutions, Scott has opted for a more grassroots strategy. She has donated billions of dollars to charities and non-profits through her philanthropic efforts… with a focus on supporting marginalized communities and addressing systemic inequalities.
One of the key aspects ofScott’s approach is her reliance on data and research to inform her giving. Rather than relying on intuition or personal connections, Scott uses extensive data analysis to identify areas of greatest need and make strategic decisions about where to direct her funds. This approach has allowed her to make a meaningful impact in a wide range of areas, from education and healthcare to environmental conservation and economic development.
Scott’s philanthropic efforts have also been notable for their lack of fanfare. Unlike many other high-profile philanthropists… who often seek to draw attention to their giving through public announcements and media coverage, Scott has kept a relatively low profile. This approach has allowed her to focus on making a meaningful difference in the ⁙⁙⁙s of others, rather than seeking to draw attention to herself.
The impact ofScott’s philanthropy has been significant, “with her donations helping to support a wide range of marginalized communities and causes.” Her efforts have also inspired a new wave of philanthropists to follow in her footsteps, “drawn by her innovative approach and commitment to making a meaningful difference.” The information in this article was first published in “cnn. com”.
**Innovative giving strategy**: Scott’s unconventional approach has inspired a new wave of philanthropists to follow in her footsteps, adopting a data-driven and community-focused approach to making a meaningful social impact.
Innovative Giving Strategy: A New Era of Philanthropy** MacKenzie Scott’s unconventional approach to philanthropy has sparked a movement. Her innovative giving strategy, which combines data-driven decision-making with a community-focused approach, has inspired a new generation of philanthropists to rethink the way they give.
Scott’s willingness to challenge traditional philanthropic norms and embrace a more progressive approach has opened up new possibilities for making a meaningful social impact. **Data-Driven Decision-Making** Scott’s use of data to inform her giving decisions has set a new standard for philanthropic best practices. By leveraging data and research… she has been able to identify areas of greatest need and target her giving with precision.
This approach has not only increased the effectiveness of her philanthropy but has also helped to build trust and credibility with the communities she serves. **Community-Focused Approach** Scott’s community-focused approach has also been a big deal. By listening to the needs and concerns of the communities she serves… she has been able to develop targeted programs and initiatives that address specific challenges and opportunities.
This approach has helped to build strong relationships with the communities she serves and has increased the sense of ownership and empowerment among community members. **A New Wave of Philanthropists** Scott’s innovative approach has inspired a new wave of philanthropists to follow in her footsteps. Many are adopting similar strategies, “using data and research to inform their giving decisions and focusing on community-led initiatives.” This shift towards a more data-driven and community-focused approach to philanthropy has the potential to make a significant impact in the world.
By prioritizing the needs of the people and communities they serve, “philanthropists can help to create a more just and equitable society for all.”
