AP – The Chronicle of Philanthropy’s annual list of the 10 largest charitable gifts announced by individuals or their foundations totalled nearly USD9.3 billion in 2022.
The contributions went to large, well-established institutions, three of them private foundations and three universities to support environmental sustainability, children’s mental health, and stem-cell research.
The other gifts backed cancer research and treatment, housing efforts, youth programmes, and reproductive health.
Topping the list is Bill Gates, who gave USD5 billion to the Bill & Melinda Gates Foundation to back the grantmaker’s work in global health, development, policy and advocacy, and United States (US) education.
Gates, whose net worth is estimated at USD104 billion, attracted attention in July when he announced he was giving USD20 billion to the foundation he runs with his former wife, Melinda French Gates.
However, foundation officials confirmed in December that three-fourths of that USD20 billion went toward paying off the USD15 billion he and French Gates had pledged in July 2021. The remaining USD5 billion was a new infusion to the foundation.
Ann and John Doerr came in second with a USD1.1 billion donation they’re giving through their Benificus Foundation to Stanford University to launch the Stanford Doerr School of Sustainability, an effort to tackle the world’s most urgent climate and sustainability challenges. The new school will focus on eight areas of scholarship: climate change, Earth and planetary sciences, energy technology, sustainable cities, the natural environment, food and water security, human society and behaviour, and human health and the environment.
The new school will house several academic departments and interdisciplinary institutes. It will also be home to a “sustainability accelerator”, which, among other efforts, will award grants to researchers and others to develop new technologies in environmental sustainability and related arenas, advance new policies, and support partnerships.
John Doerr is a venture-capital investor who made his mark and much of his fortune as an early backer of Silicon Valley technology giants like Sun Microsystems, Amazon, and Google. Today he serves as chairman of the investment firm Kleiner Perkins, and his net worth stands at a little more than USD9 billion.
Coming in third are Jackie and Mike Bezos, the mother and stepfather of Amazon founder Jeff Bezos. The couple gave the Fred Hutchinson Cancer Centre USD710.5 million to build 36 research labs and an additional large research facility. The grant will also support the cancer centre’s clinical trials and immunotherapy research over the next 10 years.
The couple has been fairly low-profile philanthropists until recently. Yet Jackie Bezos has been closely involved in several non-profit projects over the years. She created the Bezos Scholars Programme at the Aspen Institute, the Aspen Challenge, and Students Rebuild, all of which are education programmes for various age groups. Mike Bezos spent 32 years working as an engineer and manager with the oil and gas giant Exxon Mobil before retiring and turning his attention to the couple’s giving.
The gifts from the Doerrs and the Bezoses were followed by one from Warren Buffett. The revered 92-year-old investor gave stock valued at nearly USD474.3 million to the Susan Thompson Buffett Foundation, a grantmaker Warren Buffett established in 1964 to manage the family’s charitable giving that was later renamed for his first wife, who died in 2004.
The foundation supports women’s reproductive health and provides college scholarships for students in Nebraska, where the foundation is located.
A representative for Buffett confirmed the gift was a special one-time contribution that Buffett decided to make in late November rather than one of the annual donations he makes to the Susan Thompson Buffett Foundation, and several other grantmakers, which are payments toward multibillion-dollar pledges he announced in 2006.
The late Ruth DeYoung Kohler II comes in fifth on the list. The Kohler Company heiress, who died in 2020 at 79, left a USD440 million bequest to launch the Ruth Foundation for the Arts, a Milwaukee grantmaker that is devoted to supporting visual and performing arts groups throughout the country. It plans to award about USD20 million a year. Kohler was an avid arts supporter and ran the John Michael Kohler Arts Centre in Sheboygan, Wisconsin, from 1972 to 2016.
