Jeff Bezos ex-wife MacKenzie Scott helped write a 'donation playbook' for Snap founder
Snap co-founder Evan Spiegel and his wife Miranda Kerr have donated millions to wipe out $550 million in medical debt for Californians. The initiative follows a philanthropic model pioneered by MacKenzie Scott, which focuses on providing unrestricted capital to scalable non-profit organizations.
Why it matters
This highlights the growing trend of high-impact, strategic philanthropy among tech billionaires to address systemic social issues like medical debt.
Snap co-founder Evan Spiegel and his wife, supermodel Miranda Kerr, recently made a multimillion-dollar donation that will wipe out $550 million in medical debt for over 261,000 Californians. Interestingly, this sophisticated philanthropic model was pioneered by MacKenzie Scott, Jeff Bezos ex-wife, who has donated more than $26 billion to over 2,700 non-profit organisations through her platform, Yield Giving. By leveraging a high-impact “donation playbook” to effective nonprofits, Spiegel is emulating the strategy that transformed Scott into the most prolific philanthropist of her generation.Snap founder Evan Spiegel is following the Scott modelThe donation was made to Undue Medical Debt, a nonprofit organisation that gained national prominence largely through early, substantial investments from MacKenzie Scott.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in