America’s 50 largest charitable donors gave away $14.7 billion last year, with Bill and Melinda Gates leading the list with a $4.8 billion donation to their foundation, according to a new report.
Giving by the top 50 donors more than doubled in 2017, soaring to $14.7 billion from $5.6 billion in 2016, according to the Philanthropy 50, compiled by the Chronicle of Philanthropy. It was the largest donation amount since 2008 — before the financial crisis put a dent in charitable giving — and it was the third-largest total ever.
Giving by the top 50 donors more than doubled in 2017, soaring to $14.7 billion from $5.6 billion in 2016
Here are the Philanthropy 50’s top donors, and the amounts they gave away:
1. Bill and Melinda Gates = $4,780,000,000
Bill Gates is an American business magnate, investor, author, philanthropist, humanitarian and co-founder of the Microsoft Corporation. He and his wife Melinda are great philantropists and have donated much to causes close to their heart.
2. Mark Zuckerberg and Priscilla Chan = $2,018,944,200
Mark Elliot Zuckerberg is an American computer programmer and Internet entrepreneur. He is a co-founder of Facebook, and currently operates as its chairman and chief executive officer. He and his wife Priscilla often donate to charitable causes.
3. Michael and Susan Dell = $1,000,000,000
The Michael & Susan Dell Foundation was set up in 1999. Susan and Michael Dell have supported the foundation primarily through investing the proceeds of sales of shares of Dell Inc.
The list shows that the “wealthy are flush with cash” and that the U.S. economy is strong.
Source Credit: CNBC