The potential impacts of McKenzie Scott's donations on the recipients could be significant. The influx of funds could enable these organizations to expand their services, reach more people, and potentially make a greater impact in their respective fields. It could also provide financial stability, allowing these organizations to plan for the future with more certainty. However, it's also important to note that such a large donation could also present challenges, such as managing the sudden increase in funds and ensuring they are used effectively.
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One area you might not expect to find consultants is in charitable giving. However, when billionaire McKenzie Scott gave away $8 billion in 11 months, she worked with a consultant firm called Bridgespan Group. Formed by three former Bain & Co. consultants, Bridgespan advises the Bill and Melinda Gates, Ford, and Rockefeller Foundation on where to donate their billions. Unlike those organizations, McKenzie Scott had some $60 billion in Amazon stock and no organization to spend it. SHe didn't even have a website to solicit requests for donations. With an urgency to give away as much as possible as soon as possible, she needed solid recommendations on where to give and fast.