Cover Amazon CEO Jeff Bezos and MacKenzie Bezos attend the 2018 Vanity Fair Oscar Party. (Photo: Getty Images)

Scott reportedly donated almost US$3.9 billion to 465 non-profit organisations in the last nine months

Philanthropist Mackenzie Scott has just made headlines again for yet another generous deed. Recently, it was revealed that she donated US$55 million worth of Beverly Hills property to the California Community Foundation. The foundation is a non-profit organisation that works to address pressing issues facing Los Angeles County.

While news of Scott’s donation was made public in August, it was only recently that property records certified the transaction.

California Community Foundation announced that Scott donated two single-family residences that were bought by her and her former husband, billionaire Jeff Bezos, when they were still married. 

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The properties are based in North Alpine Drive near Coldwater Canyon Park in Beverly Hills. The first home was bought in 2007 for US$24.45 million, and the second in 2017 for US$12.9 million.

The home bought in 2007 is a Spanish-style villa with seven bedrooms, seven bathrooms, a greenhouse, a tennis court, a swimming pool, four fountains, and a six-car garage.

The funds earned from Scott’s donation will largely go to providing affordable housing grants for those in need while a portion of the money will go towards an immigrant integration program.

As one of the world’s richest women, Scott’s fortune mostly comes from her four per cent stake in Amazon, which she received following her divorce from Bezos in 2019. The holding was worth roughly US$38 billion at the time.

Shortly after, Scott’s net worth peaked at US$60 billion when Amazon shares climbed in 2020. Currently, she has a net worth of just under US$40 billion, according to Forbes.

Scott has in the past publicly pledged to donate a majority of her wealth; the donation of the two homes comes just a year after she donated US$20 million to establish the LA Arts Endowment Fund.

She has also donated almost US$3.9 billion to 465 nonprofits in the previous nine months, according to a blog post by the billionaire.

In her post, she wrote: “Our team’s focus over these last nine months has included some new areas, but as always our aim has been to support the needs of underrepresented people from groups of all kinds. The cause of equity has no sides.”

The charities receiving these donations include Boys & Girls Clubs of America, Planned Parenthood, and Habitat for Humanity.

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