Gates, French Gates top list of biggest U.S. charity donors
2 years, 10 months ago

Gates, French Gates top list of biggest U.S. charity donors

Associated Press  

A handful of Americans donated at least $1 billion to charity last year, according to the Chronicle of Philanthropy’s annual ranking of the 50 Americans who gave the most to charity in 2021. But some philanthropy experts argue that the large gifts that earned many billionaires a spot on this year’s list aren’t as impressive when one considers that many of these donors have seen their wealth grow by tens of billions in the past few years. It’s likely that those donors made gifts to their donor-advised funds or foundations that would have earned them a spot on the Philanthropy 50, but they and their representatives declined to provide information to the Chronicle. Nearly 86% of the funds contributed by donors on the Philanthropy 50 — some $23.8 billion — went to a relatively narrow slice of the charitable sector: colleges and universities, hospitals, foundations, and donor-advised funds.

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History of this topic

What billionaires and their advisers say keeps them from giving more and faster
3 weeks, 1 day ago

What billionaires and their advisers say keeps them from giving more and faster

Associated Press  

Marie Dageville and her husband Benoit Dageville became billionaires overnight when his data cloud company, Snowflake, went public in September 2020. America’s wealthiest people have urged each other to give away more of their money since at least 1889, the year Andrew Carnegie published an essay entitled, “The Gospel of Wealth.” He argued that the richest should give away their …

Bill Gates calls for more aid to go to Africa and for debt relief for burdened countries
3 months, 1 week ago

Bill Gates calls for more aid to go to Africa and for debt relief for burdened countries

Associated Press  

NEW YORK — The billionaire Microsoft co-founder and philanthropist Bill Gates thinks the richest governments should increase their support for African countries that have been overshadowed by development funding increasingly going toward the humanitarian response to the war in Ukraine as well as support for refugees around the world in recent years. I think we can give global health a …

Warren Buffett donates again to the Gates Foundation but will cut the charity off after his death
5 months, 3 weeks ago

Warren Buffett donates again to the Gates Foundation but will cut the charity off after his death

Associated Press  

— Investor Warren Buffett announced another $5.3 billion in charitable gifts Friday, but in a major shift of his longtime giving plan he said he plans to cut off donations to the Bill & Melinda Gates Foundation after his death and let his three children decide how to distribute the rest of his $128 billion fortune. Buffett has given about …

OpenAI CEO Sam Altman pledges to donate most of his wealth
6 months, 3 weeks ago

OpenAI CEO Sam Altman pledges to donate most of his wealth

Associated Press  

NEW YORK — The Giving Pledge announced Tuesday that OpenAI CEO Sam Altman has joined its list of wealthy philanthropists committed to donating over half their fortunes. Now Altman, who initially founded his company as a nonprofit research lab dedicated to safely building AI for humanity’s benefit, says he wants to focus his philanthropic giving on “technology that helps create …

Melinda French Gates to donate $1 billion over 2 years in support of women’s empowerment
6 months, 3 weeks ago

Melinda French Gates to donate $1 billion over 2 years in support of women’s empowerment

LA Times  

Melinda French Gates speaks last year at the Empowering Women as Entrepreneurs and Leaders forum in Washington. Melinda French Gates says she will be donating $1 billion over the next two years to individuals and organizations working on behalf of women and families globally, including on reproductive rights in the United States. French Gates said over the last few weeks …

Melinda French Gates Exits Foundation With $12.5 Billion
7 months, 1 week ago

Melinda French Gates Exits Foundation With $12.5 Billion

Live Mint  

-- Melinda French Gates is stepping down as co-chair of the $75 billion foundation she helped run with her former husband, Bill Gates. “I am taking this step with full confidence the foundation is in strong shape,” French Gates, 59, said in the statement. In September 2022, French Gates said she was “completely committed” to the foundation and working with …

Elon Musk using his charity for tax breaks: ‘Helping his own businesses’
9 months, 1 week ago

Elon Musk using his charity for tax breaks: ‘Helping his own businesses’

Hindustan Times  

Elon Musk, world’s second-richest person as per Forbes, heads SpaceX, Tesla and other companies while also controlling social media platform X. The billionaire also runs a charity with billions of dollars which has largely been “self-serving — making him eligible for enormous tax breaks and helping his businesses,” a report claimed. Elon Musk was required by law to ensure that …

Michael Bloomberg tops the Chronicle of Philanthropy’s list of America’s biggest donors in 2023
9 months, 2 weeks ago

Michael Bloomberg tops the Chronicle of Philanthropy’s list of America’s biggest donors in 2023

Associated Press  

Michael Bloomberg, the former New York City mayor, gave the most to charitable causes last year, followed by Nike co-founder Phil Knight and his wife, Penny, and Michael Dell and his wife, Susan, according to the Chronicle of Philanthropy’s exclusive list of the 50 Americans who donated the largest sums to nonprofits last year. While foundations created by the donors …

Bill & Melinda Gates Foundation CEO calls for billionaires to give away more and soon
10 months, 4 weeks ago

Bill & Melinda Gates Foundation CEO calls for billionaires to give away more and soon

Associated Press  

The CEO of the Bill & Melinda Gates Foundation has a message: Hey billionaires, give away more of your money to address inequality and do it soon. Mark Suzman made the call in his annual letter released Thursday that led with the story of Chuck Feeney, a billionaire whose philanthropy inspired Warren Buffett, Bill Gates and Melinda French-Gates. In an …

Why Jamsetji Tata Earned The Moniker Of The Biggest Philanthropist In The World
11 months, 2 weeks ago

Why Jamsetji Tata Earned The Moniker Of The Biggest Philanthropist In The World

News 18  

In what came as a proud moment for India, the notable industrialist Jamsetji Tata was conferred with the title of the biggest philanthropist globally of the last century. Jamsetji Tata had donated $102 billion, following which he emerged as the biggest philanthropist, as per a list of top 50 givers prepared by Hurun Report and EdelGive Foundation. The first-ever list …

Warren Buffett, James Simons and Phil Knight are among the top charity donors of 2023
11 months, 3 weeks ago

Warren Buffett, James Simons and Phil Knight are among the top charity donors of 2023

Associated Press  

The Chronicle of Philanthropy’s annual list of the biggest charitable donations from individuals or their foundations totaled more than $3.5 billion in 2023. The couple gave $500 million through their Simons Foundation to the State University of New York at Stony Brook to support the university’s endowment and to boost scholarships, professorships, research, and clinical care. The center will support …

The top charity donors of 2023
11 months, 3 weeks ago

The top charity donors of 2023

LA Times  

Warren Buffett, chairman and chief executive of Berkshire Hathaway, topped the Chronicle of Philanthropy’s annual list of the biggest charitable donations in 2023, with his $541.5-million gift to the Susan Thompson Buffett Foundation. The couple gave $500 million through their Simons Foundation to Stony Brook University in New York to support the university’s endowment and to boost scholarships, professorships, research …

Gates Foundation takes on poverty in the U.S. with $100 million commitment
1 year ago

Gates Foundation takes on poverty in the U.S. with $100 million commitment

Associated Press  

In recent years, city leaders in Grand Island, Nebraska, observed that many workers and students were walking or biking long distances to their jobs or schools. The Gates Foundation announced Thursday that it will donate $100 million to expand its work on economic mobility — a move that the country’s largest foundation says is a change in how it operates, …

Most disaster giving goes to relief efforts, not rebuilding
1 year, 10 months ago

Most disaster giving goes to relief efforts, not rebuilding

Associated Press  

The COVID-19 pandemic greatly accelerated a long-running pattern in giving by foundations and charities for health and natural disasters, a new Chronicle analysis of nine years of data show. The review of data from the Center for Disaster Philanthropy and Candid, a research organization that tracks giving of all kinds, shows that the sums flowing to disasters aren’t always going …

Bill Gates made 2022's biggest charitable donation
1 year, 11 months ago

Bill Gates made 2022's biggest charitable donation

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors …

Bill Gates made 2022’s biggest charitable donation: $5 billion
1 year, 11 months ago

Bill Gates made 2022’s biggest charitable donation: $5 billion

LA Times  

In 2022, Microsoft co-founder Bill Gates gave $5 billion to the Bill & Melinda Gates Foundation to back its work in global health, development, policy and advocacy and U.S. education. A $5-billion donation by Microsoft co-founder Bill Gates to the eponymous foundation he started with his ex-wife was the largest charitable gift of 2022, according to an annual ranking compiled …

'It’s Really Hard,' Says Jeff Bezos on Donating Effectively While Ex-Wife Gives Away $2 Billion
2 years, 1 month ago

'It’s Really Hard,' Says Jeff Bezos on Donating Effectively While Ex-Wife Gives Away $2 Billion

News 18  

After years of receiving flak for not actively participating in philanthropy, Jeff Bezos, the world’s fourth-richest person, told CNN his take on big donations. The Amazon founder said that “it’s really hard” to donate big amounts effectively. Hinting at his methodical approach to giving away a small chunk of his fortune, Bezos said that the “hard part is figuring out …

Gates Foundation boosts GivingTuesday with $10M donation
2 years, 2 months ago

Gates Foundation boosts GivingTuesday with $10M donation

Associated Press  

NEW YORK — The Bill & Melinda Gates Foundation donated $10 million to the organization that grew out of the hashtag #GivingTuesday in part to fund a database of charitable giving and other acts of generosity. GivingTuesday, the organization, has helped people realize there is a lot they can give, said foundation co-founder Melinda French Gates in an interview. “Whether …

Gates Foundation boosts GivingTuesday with $10M donation
2 years, 2 months ago

Gates Foundation boosts GivingTuesday with $10M donation

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. GivingTuesday, the organization, has helped people realize there is …

Bill Gates vows to drop off world’s rich list by giving money away - starting with $20bn donation
2 years, 5 months ago

Bill Gates vows to drop off world’s rich list by giving money away - starting with $20bn donation

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. “I will move down and eventually …

Bill Gates gives $20 bln gift to his foundation to mitigate global suffering
2 years, 5 months ago

Bill Gates gives $20 bln gift to his foundation to mitigate global suffering

Live Mint  

Billionaire, Bill Gates on Wednesday announced a $20 billion gift to the endowment on Gates Notes. The Bill & Melinda Gates Foundation plans to increase its annual payout by 50% over pre-pandemic levels, to $9 billion annually by 2026. A statement on the Gates Foundation, said, the foundation’s board of trustees is fully aligned with the plan to increase the …

Warren Buffett gives over $ 4 billion to charity as part of his annual pledge
2 years, 6 months ago

Warren Buffett gives over $ 4 billion to charity as part of his annual pledge

Hindustan Times  

Warren Buffett gave Berkshire Hathaway Inc. shares valued at about $4 billion to charities including the Bill & Melinda Gates Foundation, part of the annual plan he started more than a decade ago. The more than 14 million Berkshire Class B shares were donated to a total of five philanthropies, including ones run by his children, according to a statement …

Gates Foundation no longer centre of Melinda’s giving plans: WSJ
2 years, 10 months ago

Gates Foundation no longer centre of Melinda’s giving plans: WSJ

Al Jazeera  

Melinda French Gates is no longer pledging to give away the lion’s share of her wealth to the foundation she started with ex-husband Bill. Melinda French Gates is no longer promising to give away the majority of her billions of dollars in wealth to the Bill & Melinda Gates Foundation, the Wall Street Journal reported on Tuesday, citing people familiar …

$15B from Gates, French Gates tops 2021 biggest gift list
2 years, 11 months ago

$15B from Gates, French Gates tops 2021 biggest gift list

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. The gift increased the grant …

EXPLAINED: How Jamsetji Tata Pipped Gates, Buffett To Top Of Charity List And Why Philanthropy Holds So Many Surprises
3 years, 6 months ago

EXPLAINED: How Jamsetji Tata Pipped Gates, Buffett To Top Of Charity List And Why Philanthropy Holds So Many Surprises

News 18  

With $100 billion you could buy about 240 Boeing 747s, which would easily give you the world’s largest fleet of the aircraft. Or like Jamsetji Tata, the founder of the Tatas’ business empire, you could give that money away in philanthropy to become known to posterity as the most generous giver in the world. While Jamsetji Tata passed away in …

Jamsetji Tata world’s top philanthropist in 100 years, two Indians in top 50. Here's the list
3 years, 6 months ago

Jamsetji Tata world’s top philanthropist in 100 years, two Indians in top 50. Here's the list

Hindustan Times  

Indian pioneer industrialist Jamsetji Tata has been named the world’s top philanthropist of the last 100 years, as per a report prepared by Hurun Research and EdelGive Foundation. Jamsetji Tata, who is regarded as the “Father of Indian Industry”, donated $102.4 billion, emerging as the top philanthropist of the century, ahead of Bill Gates and Melinda French Gates. Jamsetji Tata, …

Tata Group founder ranked world’s top philanthropist in 100 years. Another Indian in top 50
3 years, 6 months ago

Tata Group founder ranked world’s top philanthropist in 100 years. Another Indian in top 50

Live Mint  

Not Bill Gates or Warren Buffett, but Indian industry's doyen Jamsetji Tata has emerged as the biggest philanthropist globally in the last 100 years by donating $102 billion, as per a list of top-50 givers prepared by Hurun Report and EdelGive Foundation. Tata, the founder of what has now become a group spanning interests from salt to software, is ahead …

Charitable giving in the U.S. reaches all-time high in 2020
3 years, 6 months ago

Charitable giving in the U.S. reaches all-time high in 2020

Associated Press  

Galvanized by the racial justice protests and the coronavirus pandemic, charitable giving in the United States reached a record $471 billion in 2020, according to a report released Tuesday that offers a comprehensive look at American philanthropy. The Giving USA report says Americans gave more to charity last year than in 2019, despite an economic downturn that disrupted the paychecks …

Amazon's Bezos tops list of richest charitable gifts in 2020
3 years, 11 months ago

Amazon's Bezos tops list of richest charitable gifts in 2020

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The world's richest person made …

MacKenzie Scott gives away $4.2 billion in historic charity binge
4 years ago

MacKenzie Scott gives away $4.2 billion in historic charity binge

LA Times  

MacKenzie Scott, shown with then-husband Jeff Bezos at the Vanity Fair Oscars party in 2018, has been giving away her fortune at a historic clip — and says she would like to do it faster. Meanwhile, it has substantially increased the wealth of billionaires.” Scott’s gifts this year approach $6 billion, which “has to be one of the biggest annual …

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