The Changing of the Guard in Philanthropy

The philanthropy world took notice when Jack Dorsey announced in 2020 that he would be giving away $1 billion of his fortune to combat the coronavirus pandemic. Forget the often tedious grantmaking process, which includes applications, review panels, and lengthy reporting guidelines—he would bypass all of it to make an immediate impact. “I want to give out all of my money in my lifetime,” Dorsey told Andrew Yang during a podcast interview in May of that year. MacKenzie Scott has taken a similar approach. According to the New York Times, she has already distributed $12 billion to 1,257 organizations ranging… Read Full Article