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Elon Musk Questions MacKenzie Scott's $16 Billion Philanthropy Approach

share-iconSunday, December 29 comment-icon3 weeks ago 14 views
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indiatimesINDIATIMES
Elon Musk Questions MacKenzie Scott's $16 Billion Philanthropy Approach

Credited from: INDIATIMES

  • Elon Musk describes MacKenzie Scott's philanthropy as **"concerning,"** reacting to critiques of her donation strategy.
  • Scott has donated **$16 billion** over five years, focusing on non-profits addressing **racial equity, immigrant rights**, and **LGBTQ justice**.
  • The critique claims her funds primarily support a **"NGO/non-profit complex,"** benefiting job seekers in those fields.
  • Despite criticisms, Scott's **"Yield Giving"** initiative has pledged over **$19 billion** since 2019 to various causes.
  • This year, she opened a **call for applications**, awarding **$640 million** to over 360 non-profits, highlighting a significant shift in her approach.

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Gloria Terra

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