Great Scott!!
I'm generally sorry to hear when anyone gets divorced -- but once again my favorite divorcee Mackenzie Scott comes through -- donating $275 MILLION to Planned Parenthood. (With a bonus thanks to to her former husband Jeff Bezos for being a total idiot, and without whom this likely wouldn't have happened.)
It should not come as a shock that this is the largest gift from a single donor in the history of the organization.
Oh, and just for the heck of it, the day before, Ms. Scott donated $436 MILLION to Habitat for Humanity and dozens of affiliates
And last week (apparently, she got lazy took off some time for other business and perhaps to relax over the weekend), she donated $281 MILLION to the Boys & Girls Clubs of America, which is devoted to providing support for young people.
That's $992 MILLION donated in a week. Which is on top of all the many hundreds of millions of dollars she has already donated to charities the past few years.
(Again, with a bonus assist to Jeff Bezos. Who once knocked me down at the Consumer Electronics Show when he was riding around on one of those Segway two-wheeled electric scooters. Which should have been the first hint he was going to get in trouble. And make the world a better place for many.)
Almost a billion dollars in donations to charity in just one week. She is henceforth officially known as Great Scott!
But my second favorite thing about all this is personal. That's because after I posted a comment on social media about Mackenzie Scott's donation to Planned Parenthood, someone replied to me --
"She should have been investing a huge amount of her divorce settlement so that in the long run the charities would benefit from an even larger donation. Her heart is in the right place."
What I answered was I'm going that figure McKenzie Scott, who at the moment is worth $49 billion, has plenty of high-end financial advisors. Also, since her settlement includes massive holdings of Amazon stock and dividends, her income keeps rising. Generally even when she keeps making these huge donations.
And I noted, too, that she's one of the billionaires who several years ago signed a Warren Buffett/Bill Gates pledge to give away the majority of their wealth to charity.
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