(not available). }); 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. Seventy-six of the list members received a score of 1, including President Donald Trump, meaning they gave away less than $30 million or less than 1% of their fortune to date. 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. Bren is the richest real estate baron in the U.S., with a property empire concentrated in Southern California. $(function() { Billionaires (2023) #369. Some provided specific details about additional donations and recipients. The people at the top of the scale, with a score of 5, are those who have given at least 20% of their current net worth to charity so far. To verify the findings, Forbes reached out to the accounting teams of each billionaire, and assigned a score between 1 and 5 to each individual based on direct donations to charitable organizations. Starting last year, Forbes now gives each billionaire a "philanthropy score." Analyzing public filings, tax forms, press reports and other information, Forbes ranks the 400 richest Americans' lifelong giving on a scale of one to five (five being the most philanthropic). Though the number of the biggest giversthose who scored a 5stayed flat in 2019, those who received scores of 4 and 3 increased compared with a year ago. Forbes Lists #208. Following the George Floyd protests in 2020, Bloomberg Philanthropies announced a $100 million gift to support four historically Black medical schools. Additionally, we did not give credit to money pledged but not yet given out. Others declined to comment. 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. ); 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. In percentage terms, George Soros has donated more than any other Forbes 400 member. For a full explanation of each self-made score, please go to www.forbes.com/self-made-score. That's also where he's focused his philanthropy, with more than $400 million in gifts to universities and schools in the Golden State, in addition to the more than 57,000 acres of land he's donated as open space and protected parklands. 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. 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. In September 2021, the Moore Foundation joined eight other groups, including the Bezos Earth Fund and Bloomberg Philanthropies, to pledge $5 billion over ten years to support biodiversity. 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. 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. Per Forbes 400, Rich People Are Getting Less Generous - InsideHook As humanitarian funding gets diverted to COVID-19, areas such as education, food production, womens rights, and more are receiving less financing. In May 2021, the Washington residents announced $38 million of new grants over five years to address the states mental health crisis.
