For anyone in search of true philanthropy, this statement from MacKenzie Scott announcing $4 billion of donations is really worth paying attention to

First, few billionaire make highlight structural injustices. Scott does: 'Economic losses and health outcomes alike have been worse for women, for people of color, and for people living in poverty. Meanwhile, it has substantially increased the wealth of billionaires.'

This makes her a champion of an approach to philanthropy rooted in social, economic and racial justice. She's not alone in that of course but it's still quite unusual in philanthropy circles.

Scott's statement is also striking for its commitment to good funding practice (not what you fund but how you fund). Here she says: 'non-profits...are chronically diverted from their work by fundraising, and by burdensome reporting requirements that donors often place on them'

Her solution: to give $ up front without strings. We 'welcomed them to spend the funding on whatever they believe best serves their efforts. They were told that the entire commitment would be paid upfront and left unrestricted in order to provide them with maximum flexibility.'