The wife and daughter of late oil billionaire Charles Schusterman (d. 2000) run the familys foundation, which awarded $310 million in grants in 2021. In 2020, the San Diego school postponed its plan to rebrand itself Sanford National University after ProPublica reported that Sanford had been investigated for possible possession of child pornography. Many have foundations with publicly available tax filings that provide details on yearly grants. In December 2021, calling Americas public education system broken in a Wall Street Journal opinion article, Bloomberg announced a $750 million pledge to support charter schools in 20 metro areas around the U.S. over the next five years. Despite Scotts unparalleled pace of giving, Amazons stock price has climbed by enough to make her richer than she was last year, with her net worth rising from $57 billion to $58.5 billion. But because the IRS effectively requires them to pay out only a tiny fraction each year, just a sliver of that sum is deployed annually to causes and communities in need. Source of Wealth Investments, Self Made. unorderedWithImage: true, Forbes divides the grantmaking by the foundation since 2007 between the Gateses and major donor Warren Buffett. French Gates is a newcomer to The Forbes 400 as an individual this year after receiving billions of dollars in stock transfers from her ex-husband, but since their giving remains intertwined, each received a score of 4. But there are plenty of pressing needs that can hardly wait, and MacKenzie Scott has wasted no time in beginning to give her fortune away since gaining control of tens of billions of dollars in Amazon stock following her 2019 divorce from Jeff Bezos. Not far behind (and maybe even ahead): MacKenzie Scott, whose shoestring operationshe has no foundation and gives her wealth away in stealthdonated $5.8 billion to 500 different groups across the country in 2020. ); While some billionaires provided documentation for their private assets and companies, others were less forthcoming. Bill Gates announced a $20 billion donation to his Bill and Melinda Gates Foundation, which will address gender equity, disease eradication and infant mortality, among other causes; as a result, the foundation is increasing its annual grants to $9 billion in 2026, up from $6.7 billion in 2021. From left to right: Noubar Afeyan, Laurene Powell Jobs, Jeff Bezos, Victor Boyko/Getty Image, Steve Jennings/Getty Images, Michael Prince for Forbes. Bren is the richest real estate baron in the U.S., with a property empire concentrated in Southern California. $(function() { To see the full list of Forbes 400 members and their philanthropy scores, please go to the Forbes 400 list. In November 2021, the Austin-based foundation announced a $38 million pledge to address homelessness in Austin. This years Forbes 400 list assesses how much money the 400 wealthiest billionaires in the US have given to charities and nonprofits, as opposed to money pledged sometime in the future or stowed away in a foundation or donor-advised fund. Forbes has been tracking the wealth of the richest Americans since 1982. The Kansas native presides over Koch Industries, America's second largest private company. You may opt-out by, Jorg Carstensen/Getty Images, Michael Prince for Forbes, Kamil Zihnioglu/AP, 15 Under 40: The Youngest Billionaires On The 2021 Forbes 400, Meet The 44 Newcomers Joining The Forbes 400 List Of America's Richest People, The Richest Women In America: 2021 Forbes 400, The 2021 Forbes 400 List Of Richest Americans: Facts AndFigures, Donald Trump Falls Off The Forbes 400 For First Time In 25Years, 2021 Forbes 400 Methodology: How We Crunch The Numbers, The Forbes 400 Self-Made Score 2021: From Silver Spooners To Bootstrappers, Video: Why This Billionaire-Owned Thoroughbred Horse Farm Is Worth $400 Million. Besides Buffett and Soros, this exclusive club includes Intel cofounder Gordon Moore, Oklahoma philanthropist Lynn Schusterman and CNN founder Ted Turner. We reached out to every list member for feedback. "related-stories-content-list--491610", To come up with the information on which we based our score, Forbes reporters looked at tax filings for charitable foundations, annual statements, SEC filings and news about new gifts. These tax advantaged accounts have neither disclosure nor distribution requirements; so while the list members may use their donations to get tax deductions, their dollars may not reach nonprofit beneficiaries for years. Self-Made Score 10. Though weve been at it a long time, our reporters always dig deep to uncover new details. The cofounder and former longtime CEO of Intel and his wife launched their foundation in 2000, funding it with gifts of Intel stock. Credit: Wikipedia Commons. He has also given billions to the four charities set up by his three children and his late wife. The former Microsoft CEO and his wife Connie reported giving more than $400 million to nonprofits in 2021, pushing their lifetime total above $2.1 billion. thumbnailLinkTabIndex: "-1" Recipients included both disrupted schools and individuals in need of direct cash assistance. We once again counted only out-the-door giving, rather than cash sitting in billionaires private foundations or tax-advantaged donor-advised funds that has not yet made it to those in need. We scored each Forbes 400 member on a scale of 1 to 5, based on their giving as a percentage of net worth. Self-Made Score 10. "related-stories-plugin-headline--491609", unorderedWithImage: true, var pageHeadlineProps = { Philanthropy Score 1. bindComponentToDiv( Only nine have given away more than 20%, earning them a score of 5: Bill Gates, Melinda French Gates, MacKenzie Scott, Warren Buffett, George Soros, Gordon Moore, Amos Hostetter Jr., Lynn Schusterman and John Arnold. As humanitarian funding gets diverted to COVID-19, areas such as education, food production, womens rights, and more are receiving less financing. Forbes catalog of the wealthy started in 1982 with the Forbes 400, which lists the 400 richest Americans. ContentList, Global Citizen is proud to partner with Forbes on this historic initiative, which launches at a time when the role of philanthropy has never been more important in tackling the many challenges in the fight against poverty and inequality, said Hugh Evans, co-founder and CEO of Global Citizen. Seventeen of them have signed The. Billionaires (2023) #73. A pioneer in the hedge fund industry, he established the Robertson Foundation in 1996 to support environmental causes, medical research and education. Longtime residents of Los Angeles, the couple supported the city's education, sciences and arts scene for decades. For several years running, we've used Forbes' annual list of the 400 richest people in the U.S. as a way to highlight the fact that most billionaires just don't give much of their money away. Back in 2006 when the Omaha native pledged a lifetime donation of 10 million shares of Berkshire Hathaway, he stipulated that the Gates foundation must annually give away at least the value of his previous years donations, plus 5% of its own assets. Who got this score: Facebook cofounder Mark Zuckerberg, Nike cofounder Phil Knight and 114 others. contentList: JSON.parse('[{\u0022id\u0022:20357,\u0022thumbnails\u0022:{\u0022medium\u0022:{\u0022landscape\u0022:\u0022https://media.globalcitizen.org/thumbnails/24/c8/24c87059\u002Dc4e9\u002D4947\u002D9d09\u002D68be87c97285/warren\u002Dbuffett\u002Dforbest\u002D400\u002Dglobal\u002Dcitizen\u002Dsocial\u002Dshare.jpg__800x600_q85_crop_subsampling\u002D2.jpg\u0022,\u0022portrait\u0022:\u0022https://media.globalcitizen.org/thumbnails/24/c8/24c87059\u002Dc4e9\u002D4947\u002D9d09\u002D68be87c97285/warren\u002Dbuffett\u002Dforbest\u002D400\u002Dglobal\u002Dcitizen\u002Dsocial\u002Dshare.jpg__600x800_q85_crop_subsampling\u002D2.jpg\u0022,\u0022landscape_16_9\u0022:\u0022https://media.globalcitizen.org/thumbnails/24/c8/24c87059\u002Dc4e9\u002D4947\u002D9d09\u002D68be87c97285/warren\u002Dbuffett\u002Dforbest\u002D400\u002Dglobal\u002Dcitizen\u002Dsocial\u002Dshare.jpg__800x450_q85_crop_subsampling\u002D2.jpg\u0022},\u0022large\u0022:{\u0022landscape_16_9\u0022:\u0022https://media.globalcitizen.org/thumbnails/24/c8/24c87059\u002Dc4e9\u002D4947\u002D9d09\u002D68be87c97285/warren\u002Dbuffett\u002Dforbest\u002D400\u002Dglobal\u002Dcitizen\u002Dsocial\u002Dshare.jpg__1600x900_q85_crop_subsampling\u002D2.jpg\u0022},\u0022credits\u0022:{\u0022caption\u0022:\u0022Berkshire Hathaway Chairman and CEO Warren Buffett smiles during an interview in Omaha, Neb., May 7, 2018.\u0022,\u0022author\u0022:\u0022Nati Harnik/AP\u0022,\u0022description\u0022:\u0022Berkshire Hathaway Chairman and CEO Warren Buffett smiles during an interview in Omaha, Neb., May 7, 2018.\u0022}},\u0022title\u0022:\u00226 Facts About Billionaires You Definitely Need to Know\u0022,\u0022url\u0022:\u0022https://www.globalcitizen.org/en/content/facts\u002Dabout\u002Dbillionaires/\u0022}]'), Forbes doesn't provide a philanthropy score for the many U.S. billionaires who don't rank among the richest 400 Americans. Through his George Kaiser Family Foundation, he has focused on community health, criminal justice, childhood education and arts & culture initiatives in his hometown of Tulsa. We factored in debt and charitable giving. Residence Gladwyne, Pennsylvania. pageHeadlineProps With no foundation to distribute the grants, no website and no mailing address, her no-strings-attached donations often leave recipients in disbelief. The billions keep piling up for many of Americas great philanthropists. We acknowledge that some of our lifetime giving estimates may be low because of a lack of transparency, since it's possible to make charitable gifts anonymously. Some provided specific details about additional donations and recipients. Others declined to comment. About Don Vultaggio & family. Heres the full list of Americas 25 most generous givers: Buffett is likely the biggest philanthropist of all time thanks to his quest to give away more than 99% of his fortune. The fund will combine elements of private investing and philanthropy with a focus on helping people thrive and communities prosper. This is a BETA experience. The Meta Platforms (formerly Facebook) CEO and his wife Priscilla Chan, a doctor, have multiple ambitious goals, including to cure, prevent or manage all diseases. v3Styles: true, Billionaires (2023) #317. by Michael E. Hartmann October 13, 2022 Forbes released its 41st annual Forbes 400 list of the wealthiest Americans late last month. GRADING THE GIVING This year's Forbes 400. Arnold and wife Laura emphasize that their $200 million-plus in evidence-based annual giving is all about maximizing opportunity and minimizing injustice. Among 540 active grantees, the Arnolds have earmarked nearly $30 million to the Center for Effective Public Policy to study pretrial reforms, $30 million to America Achieves to support a national tutoring program and more than $100 million to The City Fund to improve public education in the U.S. The top twenty-one richest on the list (there is a tie at No. Forbes estimates that a whopping $40 billion of the nonagenarians fortune, which now stands at $73.5 billion, has been distributed to nonprofits, primarily through the foundation of his longtime friends Bill and Melinda Gates.

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