In May 2019, Scott signed The Giving Away Pledge – a philanthropic campaign founded by Bill Gates and Warren Buffett where the ultra-wealthy pledged to donate the majority of their wealth towards various charitable causes. She publicly announced her initial phase of donations to 116 nonprofit organisations through a medium post in July 2020. Worth approximately $1.7 billion, her donations were focused in the following areas:
- Racial Equity – $586,700,000
- LGBTQ+ Equity – $46,000,000
- Gender Equity – $133,000,000
- Economic Mobility – $399,500,000
- Empathy and Bridging Divides – $55,000,000
- Functional Democracy – $72,000,000
- Public Health – $128,300,000
- Global Development – $130,000,000
- Climate Change – $125,000,000
Among these organisations were several minority institutions and historically black colleges and universities(HBCUs) which received donations over $800 million. Scott partnered up with the Bridgespan Group to identify and select nonprofits predominantly headed by minorities, people of colour, women, or LGBTQ people.
However, the 2020 Covid pandemic led to a 28% surge in Amazon’s share prices resulting in a jump in the valuation of her holdings from $37.6 billion in 2019 to approximately $62 billion towards the end of 2020. According to Bloomberg, her $68 billion net worth at the time made her the 12th wealthiest person in the world.
Following the surge in her wealth, on December 16, 2020, the New York Times reported that Scott had further given away over $4 billion in the last 4 months, making her one of the largest private charitable distributors of 2020. These donations were structured as “unrestricted gifts” and were extended to 384 organisations across the United States and Puerto Rico. According to Scott, the primary goal of these donations was to support organisations that were struggling amidst the unprecedented economic fallout caused by the pandemic.
Scott announced her third round of donations in June 2021, through a medium post entitled “Seeding by Ceding”. There, she highlighted that she’d given away over $2.7 billion to 286 high-impact yet often overlooked and underfunded organisations in the first quarter of the year. This marked her first large-scale donations following her remarriage to Dan Jewett in March. In addition to the donations, Scott also launched a gender equality challenge along with Melinda Gates in the same month. The four winners of the contest were awarded $10 million and each finalist was awarded an additional $4 million.