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Elon Musk expresses concern over MacKenzie Scott's Rs 1.36 lakh crore philanthropy initiatives

share-iconSaturday, January 11 comment-icon1 week ago 9 views
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indiatimesINDIATIMES
Elon Musk expresses concern over MacKenzie Scott's Rs 1.36 lakh crore philanthropy initiatives

Credited from: INDIATIMES

  • MacKenzie Scott, former wife of Amazon founder Jeff Bezos, has donated approximately Rs 1,36,000 crore in five years.
  • Her Yield Giving initiative emphasizes trust-based philanthropy, allowing unrestricted grants to non-profit organizations.
  • In 2024, Scott received over 6,000 applications and distributed $640 million to more than 360 non-profits.
  • Elon Musk has criticized Scott's focus on social issues, claiming it may promote divisive ideologies.
  • Scott has shifted to making repeat donations to previously supported organizations to ensure sustained impact.

For the full article, visit Times of India.

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