n a year when both the U.S. stock market and billionaire fortunes tumbled, charitable donations by the country’s most generous philanthropists moved in the opposite direction. The nation’s 25 biggest givers have donated $196 billion over their lifetimes through the end of 2022, according toestimates. That’s up from $169 billion a year ago, mostly due to ongoing giving by these big donors and some new information.
The increase in giving comes at a time when fortunes have fallen. These 25 philanthropists are together worth $936 billion—$164 billion less than a year ago, a 15% drop. Sixteen of them have signed The Giving Pledge, promising to donate at least half their fortune during their lifetime or after they pass away. Three who have met it: Chuck Feeney, TWarren Buffett tops the list of givers yet again, as measured by total amount given away.
Scott is part of a trend among billionaire philanthropists working to be more transparent about their charitable giving. Mark Zuckerberg and Priscilla Chan’s Chan Zuckerberg Initiative, Steve and Connie Ballmer’s Ballmer Group, George Soros’ Open Society Network, Pierre and Pam Omidyar’s Omidyar Network, Laura and John Arnold’s Arnold Ventures and the Gates Foundation publish some or all of their grants online–though the listings aren’t always promptly updated with the most recent year’s grants.
Our estimates factor in the total lifetime giving of Americans, measured in dollars given to charitable recipients—in other words, we are not including money parked in a foundation that has yet to do any good.
Source: News Formal (newsformal.com)
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: nypost - 🏆 91. / 67 Read more »
Source: markets - 🏆 324. / 59 Read more »
Source: NBCPhiladelphia - 🏆 569. / 51 Read more »
Source: cleveland19news - 🏆 70. / 68 Read more »
Source: DenverChannel - 🏆 239. / 63 Read more »
Source: WSJ - 🏆 98. / 63 Read more »