Looking Good versus Doing Good
Y Combinator CEO Garry Tan likens McKenzie Scott's huge money giveaway to pouring sugar on the floor and attracting ants.
Explaining further, he gives an example of Whittier College of how donations can have unintended consequences. A report by The Free Press said that a $12 million donation from MacKenzie Scott to a small Hispanic college led to internal turmoil. According to the report, the college president used part of the funds to hire her son for a six-figure role that staff members said lacked a clearly defined purpose. Consequently, leadership changes followed, enrollment dropped from about 490 freshmen to fewer than 300, and the school later faced a $10 million budget shortfall, the report said.
If the above is TRUE and not an isolated incident, someone should stop her and seize or freeze the rest of her funds to prevent further harm.
Giving to charity doesn't automatically make it a good deed. She's a billionaire with no need to work for a living. Planet Earth shouldn't just accept someone with so much power wreaking havoc and pretending they are doing good works.