Novelist and philanthropist MacKenzie Scott is famous for her surprising charity donations of a vast amount. She recently announced that she has given a total of $2.7 billion donations to 286 charity organizations. This multi-billion dollar donation is the third round of a series of no-strings-attached, major philanthropic donations Scott has made. She is the third wealthiest woman in the world, and the 21st wealthiest individual overall, thanks to her $57.0 billion net worth. She recently wrote in a post that, she and her husband Dan Jewett has made the donations to help the recipient organizations in their various charity works without any difficulty.
Choosing the Right Organizations to Make Donations
In 2020, MacKenzie Scott donated a combined $6 billion to various social causes including Covid relief. But this donation was not made at the spur of the moment. A great deal of careful consideration and planning has gone into it. She said earlier that, the increasing practice of disproportionate wealth concentration among a small section of the society continuously troubles her. Driven by this, she and Jewett have decided to contribute parts of their fortune to propel much-needed changes in various socio-economic sectors. They have worked with researchers and philanthropy advisors to carefully choose the recipient organizations for their recent donation. This move will ensure that the donations will benefit the needy rather than the greedy.
Donation to Several Charitable Causes
The latest recipients mainly include equity-oriented nonprofit organizations and groups working in long-neglected areas, ranging from universities to refugee resettlement groups and civil rights groups, as well as arts and culture organizations. The University of Central Florida and the University of Texas at San Antonio both received a donation of $40 million apiece. Focus is given on an urgent basis to the organizations and groups, which have suffered from decreasing donations due to the corona pandemic.
Bill Gates has a way of coming out of the shadows during difficult and confusing times, and reminding everyone just how ahead of the game and inspiring he always is. His foundation, the Bill & Melinda Gates Foundation, has recently announced its plan to build new medical centers and factories for promising COVID-19 vaccine development.
There are 7 vaccines that are being developed at the moment, but it is likely that only 1 or 2 of them will be produced in the end.
Gates announced this plan during an interview he conducted at-home with Trevor Noah from The Daily Show.
Bill Gates Thinking Proactively
Gates mentions that his foundation has a large amount of expertise when it comes to infectious diseases that he decided to fund things, like the efforts to develop a vaccine, in order to be more prepared for what is to come. He also mentions that his money can help to speed things up.
While building the factories to develop the 7 vaccines can result in a waste of billions of dollars in terms of construction costs, having facilities and medical centers that are ready for treatments will pay off in the end by saving thousands of lives.
Bill Gates doesn’t want to waste time when figuring out which vaccine works and in turn, building the factory.
History in Health
An op-ed was published in the Washington Post last week where Bill Gates states that if we do everything right, a safe and effective vaccine can be developed in order to bring the disease to an end. According to him, this can be done in less than 18 months which would be the fastest a vaccine has ever been developed.
Bill Gates believes that if the right decisions are made now using information backed by science, data, and experienced medical professionals, they can save lives and help the country get back to work.
The Gates Foundation has been involved in other initiatives to combat the novel coronavirus. The foundation pledged $100 million to identify, assess, develop, and scale-up the treatments for the virus.