The former New York City mayor and Bloomberg LP cofounder has poured more than $12 billion into charitable causes, including $1.6 billion over the past year, according to his Bloomberg Philanthropies, focusing on climate change, gun safety and public health. Forbes catalog of the wealthy started in 1982 with the Forbes 400, which lists the 400 richest Americans. We didnt count pledges or announced gifts, or money given to donor-advised funds, that have yet to be paid out. Some of [the members] told us to drop dead, James Michaels, veteran editor of Forbes, told the New York Times in a 1982 story about the lists debut. showDescription: false, 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. Thanks to a soaring stock market, the cumulative wealth of The Forbes 400 richest Americans on the 2021 list grew 40%, to an unprecedented $4.5 trillion. Warren Buffett is still the lists biggest giver after donating $4.1 billion worth of Berkshire Hathaway stock in June, helping bring his total lifetime giving to $44 billion. In November 2021, the Austin-based foundation announced a $38 million pledge to address homelessness in Austin. Some provided specific details about additional donations and recipients. Hundreds of billions of dollars sit in Forbes 400 members private charitable foundations. }); The most generous billionaires include investor Warren Buffett, financier George Soros, Intel co-founder Gordon Moore, entrepreneur Eli Broad, philanthropist Lynn Schusterman, hedge fund manager Julian Roberston Jr., media mogul Ted Turner, businessman George Kaiser, businessman Amos Hostetter Jr., and hedge fund manager John Arnold. In June, the New York attorney general filed a lawsuit against Trump, seeking $2.8 million plus penalties for allegedly using the foundation as a tool for his business and his presidential campaign. Members of this elite club have been scored on a scale of 1 to 5, with 5 being the most philanthropic. A pioneer in the hedge fund industry, he established the Robertson Foundation in 1996 to support environmental causes, medical research and education. Leading the pack: Warren Buffett, whose annual summer gift of Berkshire Hathaway stock topped $4.1 billion this year. Those receiving a philanthropic score of 4 (meaning they have given between 10 percent and 19.99 percent of their wealth) include Bill and Melinda Gates ($111 billion, #2), former New York City mayor andBloomberg PhilanthropiesfounderMichael R. Bloomberg($55 billion, #14), Home Depot co-founderBernard Marcus and his wife, Billi($7.4 billion, #72), andParticipant MediaandSkoll FoundationfounderJeff Skoll($5.5 billion, #115). Acton and his wife Tegan, on the other hand, have been expanding their philanthropic network, Wildcard Giving, which they founded in 2014 after Acton sold WhatsApp to Facebook. Amazon CEO Jeff Bezos, who has a net wealth of roughly $204 billion greater than the gross domestic product of more than 100 countries received a 1, along with the founders of other technology companies such as Larry Page and Sergey Brin of Google, and Larry Ellison of Oracle. Mark Zuckerberg, co-founder and CEO of Facebook, along with Charles Koch, CEO of Koch Industries, received a score of 2. The Forbes 400's new methodology was inspired by Global Citizen's 'Give While You Live' campaign. As the United States economy unraveled amid the COVID-19 pandemic creating record unemployment, eviction crises, and miles-long food bank lines American billionaires increased their wealth by at least $637 billion, Business Insider reported in August. $(function() { A spokesperson for Soros did not comment on either his net worth or his charitable donations. To that end, we also do not include gifts that have been pledged but not yet paid out, or money given to donor-advised fundsopaque, tax-advantaged accounts that have neither disclosure nor distribution requirementsunless the giver shared details about the grants that were actually paid by such entities. Forbes has been tracking the wealth of the richest Americans since 1982. Forbes' 2021 philanthropy scores paint a picture of a U.S. billionaire class that remains almost wholly disconnected from that reality, content to sit on stock market gains and make only minor tweaks to their charitable giving while the world burnsoften literally. In April 2021, Soros pledged $500 million to the endowment of Bard College, a 2,400-student liberal arts school 90 miles north of New York City to which he has longstanding ties. A score of 10 is reserved for people who not only grew up poor but overcame significant obstacles in their climb to the top, such as George Soros, who survived the Nazi occupation of his native Hungary before immigrating to the U.S. People like Jeff Bezos and Elon Musk, who came from middle- or upper-middle class families, rank as 8s, while someone who inherited their entire fortune and has done nothing to manage or increase it ranks as a 1. Thanks for signing up as a global citizen. 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}]'), As humanitarian funding gets diverted to COVID-19, areas such as education, food production, womens rights, and more are receiving less financing. In one of the biggest scores of the oil boom, GeoSouthern sold its south Texas fields to Devon Energy for $6 billion in 2013. . About Don Vultaggio & family. He got his start in the 1970s selling beer and soda . Some provided specific details about additional donations and recipients. Forbes will annually track and update the scores as these billionaires make good on their promises. Who got this score: Amazon founder Jeff Bezos, Tesla CEO Elon Musk and154others. unorderedWithImage: true, bindComponentToDiv( The top twenty-one richest on the list (there is a tie at No. A key area of support was toward initiatives that advance racial, gender and economic equity. The biggest giver of the bunch, in terms of dollars donated, is Berkshire Hathaways Warren Buffet. In the new edition of the index, just 10 individuals received a score of 5, compared to 29 who received the top score in 2019,while 127 received a score of 1, compared to 76 the year before. pageHeadlineProps PageHeadlines, 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. Some cooperated, providing specific details about donations and recipients. Timothy Archibald/The Forbes Collection, Simon Dawson/Bloomberg, AP Photo/Elaine Thompson, Michael Prince for Forbes, Charles and Lynn Schusterman Family Foundation. Philanthropy score: First, we estimated each billionaires total lifetime giving, delving into public filings, tax forms, press reports and more. 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. Residence Gladwyne, Pennsylvania. When possible, we met with Forbes 400 members in person or spoke with them virtually or by phone. We reached out to every list member for feedback. This year's philanthropy scores were lower across the board than in 2020, with eleven billionaires scoring 4 for their lifetime giving of between 10 percent and 19.99 percent of their wealth including MacKenzie Scott ($58.5 billion; #15), Michael R. Bloomberg ($70 billion; #10), and Melinda French Gates ($6.3 billion; #158) down from In those cases youll see & family. We also included married couples who built fortunes and businesses together if their combined net worth was enough for each person to make the $2.9 billion cutoff. As a percentage of net worth, Americas biggest giver for the second year in a row is George Soros, whose Open Society Foundations have, over his lifetime, distributed $16.8 billion to charities across the globe. The new methodology was inspired by Global Citizens Give While You Live campaign, launched in January to encourage the worlds more than 2,000 billionaires to donate 5% of their wealth annually to end poverty and uplift communities globally. In June 2021, the Open Society Foundations, which operate in more than 120 countries, announced a reshuffling to meet the challenges of the momentnamely, the rise of authoritarianism around the globe. Much of his $46 billion in givingsome $2 billion to $3 billion worth of stock per yearhas gone to the foundation of his friends Bill and Melinda French Gates, which has put it to work on poverty and healthcare initiatives in developing countries and education in the U.S. Others have a long way to go, as some have admitted. It rates the billionaires on how good they are at giving back, from 1 (least charitable) to 5 (most charitable). Simons' foundation has also supported life science research, giving to the New York Genome Center, and autism research through donations to the Autism Research Initiative. Residence Beverly Hills . In May, private equity tycoon Robert F. Smith. 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. They said they wanted no part of it, that theyd sue us. If your Facebook account does not have an attached e-mail address, you'll need to add that before you can sign up. The scores are lower than ever. This split-screen development of growing poverty on one side and unprecedented wealth capture on the other forms the backdrop of the new and enhanced Forbes 400 philanthropy score, formed in partnership with Global Citizen. The lowest bracket included some of the wealthiest people in the world. 2018 Forbes 400 Philanthropy Scores Chart, Only 29 of Americas 400 richest were given the highest possible score. (To calculate giving as a percent of net worth, we added the value of the gift to the September 2018 net worth and then divided lifetime giving into that amount.). We did not count money put into donor-advised funds. Nearly a third of the list including the worlds richest person, Jeff Bezos scored a 1, which means theyve donated less than 1% of their fortune. Elon Musk, in second place, saw his personal wealth almost triple in the last year. It includes his Charles Koch Foundation, 501(c)(4) advocacy groups and public charities, which have limited donor disclosure requirements. }; 2:. In current iterations, Forbes includes the person's net worth, a philanthropy. HERE'S A GUIDE TO EACH SCORE. Not every billionaire has been a pandemic penny pincher, though. (Buffett was one of the eight people this year who got a Forbes philanthropy score of 5.). 1: Has given away less than 1% of wealth Who got this score: Tesla CEO Elon Musk, Google cofounder Larry Page and 142 others. GRADING THE GIVING This year's Forbes 400. Self-made score: Some individuals have traveled further in their lifes journey to make it into the ranks of The Forbes 400. I'm a deputy wealth editor covering billionaires and their businesses. Billionaires (2023) #317. Since he transitioned from Amazon CEO to chairman in July 2021, Bezos has accelerated his philanthropy enough to land him on this list for the first time. To see just how philanthropic each of Americas 400 richest people are, Forbes assigned a philanthropy score from 1 to 5, with 5 representing the most generous givers. Other big donations: a $500 million pledge to a small liberal arts college by George Soros, a $3.4 billion initiative over ten years from Mark Zuckerberg to measure and analyze biological processes in the human body and a $5 billion, ten-year pledge toward biodiversity conservation by a handful of groups, include three top givers: Bezos, Michael Bloomberg and Gordon and Betty Moore. In July 2021, Schusterman Philanthropies joined Melinda French Gates and MacKenzie Scott in the Equality Cant Wait Challenge, aimed at expanding womens power and influence in the U.S., contributing $10 million out of the $40 million in grants awarded. To shine a light on the billionaires who are putting their philanthropic dollars to work, weve changed the methodology for The Forbes 400 philanthropy score. Besides wealth, we also ranked each member based on their generosity and the degree to which their fortunes are self-made or inherited. 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. ), If not for his $1.4 billion of lifetime giving, the man behind Turner Broadcasting and CNN wouldnt have fallen off Forbes list of the 400 richest Americans in 2021. Forbes' "philanthropy scores," which assign each billionaire a rating of 1 to 5 (or N/A) for how much of their fortunes they've moved out the door, tell that story plainly. bindComponentToDiv( Some, like Stephen Schwarzman, earned a higher score thanks to giving in the past year. (Buffett, who turned 91 in August, stepped down from its board in June.) Philanthropy Score 1. One of the [Middle Eastern magnates] mentioned that in the Quran, it actually says the reason to talk about your philanthropy is [that] it encourages other people to do the same, he said. Former president Donald Trump was not ranked, since he fell . Who got this score: Warren Buffett, George Soros, Gordon Moore, Julian Robertson Jr., Amos Hostetter Jr., Lynn Schusterman, John Arnold and T.DennySanford. Most members of The Forbes 400 received a 1 or a 2, indicating they have donated less than 5% of their fortune to charity so far. (not available). h5: "Related Stories", He made headlines last year after his civic engagement organization Luminate helped Facebook whistleblower Frances Haugen with press and government relations. The Forbes 400 is a list of American citizens; most live and have businesses in the U.S., but some reside outside the country. Forbes 400 (2022) Personal Stats. By Joe McCarthy 5 min Read. Those receiving a philanthropic score of 4 (meaning they have given between 10 percent and 19.99 percent of their wealth) include Bill and Melinda Gates ($111 billion, #2), former New York City mayor and Bloomberg Philanthropies founder Michael R. Bloomberg ($55 billion, #14), Home Depot co-founder Bernard Marcus and his wife, Billi ($7.4 The elder son of makeup entrepreneur Este Lauder, he has raised millions for the Alzheimer's Drug Discovery Foundation, which he co-chairs with his billionaire brother Ronald. Billionaires including Jeff Bezos and Elon Musk reached new record levels of wealth last year. Though the Gateses ended their 27 year marriage last year, they continue to co-chair the Bill & Melinda Gates Foundation, the vehicle for nearly all their philanthropic giving. Forbes dug into their known charitable giving and assigned a philanthropy score, ranging from 1 to 5, to each member of The Forbes 400. "related-stories-content-list--491610", Others declined to comment. 8 Men Own as Much as the Poorest 3.6 Billion People on the Planet. He noted in a statement that he has now given away half of his original Berkshire stake and wondered whether it would have been better to wait longer to start giving, as the value of those shares would have increased to $100 billion. Though Omidyar made his fortune in tech, the press-shy eBay founder and his wife Pam have emerged as key players in the movement taking to task the industry where he got his start. We also interviewed their employees, handlers, rivals, peers and attorneys. A team of 32 Forbes journalists delved into public filings, from tax forms for private foundations to press releases, and reached out to 400 members and nonprofits as well. }; https://t.co/U7GmoVYEPApic.twitter.com/U6zJ8rYzQu. Our estimates factor in the total lifetime giving of American billionaires, measured in dollars given to charitable recipientsin other words, we are not including money parked in a foundation that has yet to do any good. Her giving represents 13% of her net worth, giving her a philanthropy score of 4 (indicating shes given away between 10% and 19.9% of her fortune), though at this rate it wont be long before she joins the top tier. Billionaires are also less generous than ever in terms of share of wealth they've given away. On a global scale, the arrival of the pandemic has caused setbacks throughout the United Nations Global Goals. However, the spirit of the project harks back to an anecdote that Bill Gates shared at The Forbes 400 Summit on Philanthropy in 2014. The Give While You Live campaign aims to shed light on the fact that while some of the worlds wealthiest are giving big and giving now, most arent. Each person also gets a philanthropy score on a scale of one to five, measuring how much they give to charity. Though weve been at it a long time, our reporters always dig deep to uncover new details. Who got this score: Facebook cofounder Mark Zuckerberg, Nike cofounder Phil Knight and 114 others. Bill Gates received a score of 4 in the index, meaning he gave between 10% and 19.99% of his wealth to charity. As a result, nontraditional actors have to increasingly fill the funding gaps to ensure the world achieves the Global Goals by 2030. Nearly two-thirds have yet to give away even a quarter of their wealth, meaning there are a lot more zeros earmarked for charities in the years to come. They include Berkshire Hathaway chair and investorWarren Buffett(net worth: $73.5 billion, #4 on Forbes 400), whom Forbes estimates has given more than $41 billion to nonprofitsmore than anyone else in dollar termsprimarily through theBill & Melinda Gates Foundation, andOpen Society Foundationsfounder George Soros ($8.6 billion, #56), who has donated 64 percent of his original fortune over his lifetime, making him the most generous giver on the list. Self-Made Score 10. Since its inception in 1993, Open Society Foundations distributed $14 billion to a variety of organizations, including UN Women, Planned Parenthood, Amnesty International, the Roma Education Fund, and the Civil Liberties Union for Europe. To get to that recognition, a person had to give away at least $1 billion and/or 20% of their total net worth. In a few instances, we also used some lifetime-giving information from Boca Raton-based firm SHOOK Research. Thats up from $149 billion last year, partly due to new information uncovered by Forbesbut mostly due to another year of huge giving by these 25 mega-donors. The fund will combine elements of private investing and philanthropy with a focus on helping people thrive and communities prosper. This happens in reporting. At times, our reporting on philanthropic giving received a similar response. Each year as part of the Forbes 400 package, Forbes scores billionaires based on their respective philanthropic contributions. Global Citizen worked with the team at Forbes to gather data on the wealthiest individuals in the US as part of its annual review, cross-checked publicly available records on charitable giving or money out the door to beneficiaries. If we couldnt find any information about a persons giving and they declined to provide details, they received a score of N/A. With no foundation to distribute the grants, no website and no mailing address, her no-strings-attached donations often leave recipients in disbelief. He started farming at just five years old, driving a tractor to pick up straw bales . In 2021, the Moore foundation awarded nearly $350 million in grants. (not available). In many cases, fortunes grew faster than lifetime philanthropic giving. This is a BETA experience. So, too, do their charitable contributions. At the end of 2021, CZI announced a new, ten-year, $3.4 billion initiative focusing on measuring and analyzing biological processes in the human body. Adding to their philanthropic efforts, Moskovitz, who is now the CEO of workplace software giant Asana, and Tuna also cofounded Open Philanthropy, an organization that advises donors and makes grants through a donor-advised fund. In some instances, Forbes explains, billionaires have been bumped up or brought down based on other factors like personal involvement in their charitable giving. 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. Edythe Broad and her late husband Elithe home building and insurance tycoon who passed away in April 2021endowed the Broad Institute, a biomedical research center partnered with MIT and Harvard, with a $600 million gift. The foundation's largest sum in 2021$51.2 million in totalwent to the Malaria Consortium, which aims to manage and control the disease in Africa and Asia. Had the Amazon founder immediately distributed the $2 billion he pledged in September to help homeless families and start preschools, his score would have been a 4. Today Forbes released the 40th edition of our flagship Forbes 400 list of Americas wealthiest people. Our estimates are a snapshot of each members wealth as of September 3, 2021; we used closing stock prices and currency exchange rates from that day. The foundation made $5.8 billion in grants in 2020, including spending on research and vaccines for Covid-19. Kaiser is the second-richest personand one of the biggest philanthropistsin his home state of Oklahoma, where he owns a stake in the Oklahoma City Thunder NBA team. Those who gave more than 20% of their income to charities and nonprofits received a philanthropy score of 5, while those who gave less than 1% of their wealth received a 1. Please contact us at contact@globalcitizen.org if you would like to re-activate your account. In percentage terms, George Soros has donated more than any other Forbes 400 member. Hughes, who scored a 2 last year, jumped up to a 4. Credit: Wikipedia Commons. When measured as a percentage of net worth, the most generous giver is renowned hedge fund manager George Soros, who has donated 64% of his original fortune. For a full explanation of each self-made score, please go to www.forbes.com/self-made-score. Uncovering their fortunes required us to pore over thousands of Securities and Exchange Commission documents, court records, probate records and news articles. Others declined to comment. Bezos, the richest person on The Forbes 400 for the fourth straight year, received a score of 1 again despite announcing a $200 million pledge to the Smithsonian and another $200 million in distributions to political commentator Van Jones and chef Jose Andres to give to charities of their choosing. Get the latest nonprofit news, funding opportunities, job openings, and more delivered to your inbox with Philanthropy News Digest newsletters. For more details on the philanthropy score, please visit www.forbes.com/philanthropy-score. The newly established 1803 Fund in Portland, Oregon, has announced a $400 million investment in the city's Albina neighborhood from Nike co-founder Phil Knight and his wife, Penny. The wife and daughter of late oil billionaire Charles Schusterman (d. 2000) run the familys foundation, which awarded $310 million in grants in 2021. Forbes gave Hostetter the highest philanthropy score out of the wealthiest Massachusetts residents. The son of a hardscrabble farmer, Stine became fascinated with seeds when he was a boy growing up in Iowa. In all, they're worth an estimated $1.1 trillion. At the same time, the federal government has been unable to deliver another relief package to help Americans weather the crisis. In that case, you have an obligation to talk about your philanthropy. We agree, and hope to spark more conversation about the nations richest and their commitment to the public good. "The remarkable growth in fortunes of the Forbes 400 stands out at a time of pandemic-induced economic upheaval," said Kerry A. Dolan, assistant managing editor for wealth atForbes. Hes spent more than $1 billion to curb tobacco use over the last decade, and in 2018 announced a $1.8 billion pledge to Johns Hopkins University, his alma mater. Other notable individuals who received a 4 include Napster co-founder Sean Parker, financier and former New York governor Michael Bloomberg, and the businessman Barry Diller. DATA ARE AS OF SEPTEMBER 2, 2022. So far, Scott has distributed at least $8.6 billion in less than two years to 780-plus organizations, focusing on causes including racial justice, gender equality and public health. 2018 Forbes 400 Philanthropy Scores Chart Forbes 2018 Only 29 of America's 400 richest were given the highest possible score. ContentList, If we couldnt find any information about a persons giving and they declined to provide details, they received a score of N/A. Age 63. Recipients included both disrupted schools and individuals in need of direct cash assistance. In 2017, Soros shifted $18 billion from his Soros Management Fund to his philanthropic network, Open Society Foundations. These top givers have continued to dole out big dollars. The same month, Broadcom billionaire Henry Samueli pledged $100 million to UCLAs engineering school, the largest gift ever to the department. 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. Forbes divides the grantmaking by the foundation since 2007 between the Gateses and major donor Warren Buffett. This year, Warren Buffett led the list of top givers with $38.8 billion in lifetime giving, which is 32% of his net worth, and earned the top score of 5. To see daily updated net worths of all Forbes billionaires, please visit the Real-Time . Forbes has credited a slight majority of his foundations $55.2 billion in grants paid through 2019 to gifts by Buffett. To calculate the scores, we added the value of each persons total out-the-door lifetime giving to their 2022 Forbes 400 net worth, then divided their lifetime giving by that number. Each score corresponds to a range of giving as a percentage of a persons net worth. For the second year in a row, Forbes tracked the philanthropic giving of the richest 400 individuals in the U.S. and gave each member of The Forbes 400 list a philanthropy score. The. Active, outward, consistent conservatives getting top score in Forbes Philanthropy Score 2022: zero. Forbes tracks gifts and pledges like these as part of our ongoing coverage of charitable giving by the countrys richest people. Lauder's most high-profile gift came in 2013, when he donated his Cubist art collectionworth over $1 billionto the Metropolitan Museum of Art. Next we looked at what percent of their fortune they had given away. In 2020, a year before the 100th anniversary of the Tulsa race massacre, the foundation helped launch Build In Tulsa, which seeks to build Black entrepreneurship through programs including a startup accelerator for Black-led firms and a fund that will invest in Black-owned companies. The nations 25 biggest givers have donated a total of $169 billion over the course of their lifetimes, according to Forbes estimates. Seventeen of them have signed The Giving Pledge, promising to donate at least half their fortune to charity over their lifetimes or upon their deaths. They insist they will try to keep it business as usual at their Bill & Melinda Gates Foundation, though French Gates will resign in two years if they decide they cant work together. contentListProps v3Styles: true, Turners own namesake foundation is focused on environmental protection, which he views as "an effort to ensure the survival of the human species.". In 1994, he and his wife Marilyn established the Simons Foundation, which has been the primary giver to Math for America, a nonprofit that supports high school math and science teachers.
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