Why Did MacKenzie Scott Just Sell 1/4 of Her Amazon Shares?

Why Did MacKenzie Scott Just Sell 1/4 of Her Amazon Shares?

[Inside Charity]

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(America's Trusted Nonprofit New Source) 
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Why Did MacKenzie Scott Just Sell 1/4 of Her Stake in Amazon?

VISIT HERE

OR PRESS PHOTO BELOW TO FIND OUT WHY

 

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Dear Colleagues In Service,

I'll answer the question about MacKenzie Scott's latest move shortly.
Here's the better question. Are you in the charitable C-Suite? If you
are, w

**hen's the last time you visited**

**THE GIVING PLEDGE**

**?** (That's where you'll discover why MacKenzie turned her stock
shares into cash.) If you're serious about nonprofit financial
capacity-building become a vociferous student of each philanthropist who
signed THE PLEDGE. It reveals the way donors think. Set aside your
cynicism, read what each of them have to say, 

**and take them at their word.**

VISIT HERE TO READ ENTIRE ARTICLE

Scott, 53, and ex-wife of Amazon founder Jeff Bezos, just sold
one-quarter of her stake in Amazon according Bloomberg Finance. 

****Her Amazon share sale forms about 25% of Scott's stake in the
company and is worth $10.4 billion.****

If you'd like to know why sold her stock, the answer is simple. SHE'S
GOING TO GIVE IT AWAY! How do I know? She said so at the 

**THE GIVING PLEDGE**.

This latest offload means that MacKenzie has sold about half of her
shares in Amazon, and her current holdings 

**ranks her as the 35th richest person in the world.**
"Scott would be a lot higher up the rich list if it were

not for her charitable contributions." ~ Jimmy LaRose

VISIT HERE TO READ ENTIRE ARTICLE

Scott indicated (on the Giving Pledge website) that she donated $2.1
billion to 360 organizations in 2023, bringing her donations to more
than $16 billion since she signed the pledge.

**(THE GIVING PLEDGE** is a non-binding promise that billionaires make
to DONATE THE MAJORITY OF THIER WEALTH IN THEIR OWN LIFETIME.)

Here's the message MacKenzie shared when she officially made 

**THE PLEDGE**:

**Thinking about the Giving Pledge, my mind kept searching its folds for
a passage I once read about writing, something about not saving our best
ideas for later chapters, about using them now.**

I found it this morning on a shelf of my books from college, toward the
end of Annie Dillard's The Writing Life. It was underlined and starred
like all of the words that have inspired me most over the years 

**words that felt true in context, and also true in life:**
"Do not hoard what seems good for a later place in the book, or for
another book... The impulse to save something good for a better place
later is the signal to spend it now. Something more will arise for
later, something better... 

**Anything you do not give freely and abundantly becomes lost to you.
You open your safe and find ashes."**

I have no doubt that tremendous value comes when people act quickly on
the impulse to give. No drive has more positive ripple effects than the
desire to be of service. 

**There are lots of resources each of us can pull from our safes to
share with others**...VISIT HERE TO READ ENTIRE ARTICLE

 

Inside Charity is pleased to report that over 1,000,000 executives,
staff, board members, ministry leaders and volunteers rely on Inside
Charity each month for their nonprofit news. We're grateful to our many
colleagues for their timely articles and their willingness to share
their knowledge and experience with our readers.

Inside Charity is here to make sure receive the information you require
to navigate the charitable sector during unprecedented times. 

VISIT HERE TO SUBSCRIBE 

We look forward to hearing from you.

Warmly,

**Louis Fawcett**

National Association of Nonprofit Organizations & Executives
 
_________________

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