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A philanthropist is someone who engages in philanthropy; donating their time, money, and/or reputation to charitable causes. The term may apply to any volunteer or to anyone who makes a donation, but the label is most often applied to those who donate large sums of money or who make a major impact through their volunteering, such as a trustee who manages a philanthropic organization or one who establishes and funds a foundation. [1]
A philanthropist may not always find universal approval for their deeds. [2] Common accusations include supporting an unworthy cause (such as funding art instead of fighting world hunger) or having selfish motivation at heart (such as avoiding taxes or attaining personal fame). A philanthropist is also someone who cares for someone else's needs instead of their own.
The following table orders the greatest philanthropists by the estimated amount given to charity, corresponding to USD.
Name | Amount given | Cause |
---|---|---|
Jamsetji Tata | $102.4 billion [28] | Education, healthcare |
Bill Gates | $79 billion [63] | Healthcare, extreme poverty, education, access to information technology |
Warren Buffett | $32.1 billion [64] | Healthcare, education, AIDS-prevention, sanitation |
George Soros | $32 billion [65] | Healthcare, anti-fascist publications, human rights, economic, legal, and social reform |
Azim Premji | $21 billion [66] | Education, healthcare |
MacKenzie Scott | $14 billion [67] | Racial equality, LGBTQ+ equality, functional democracy, and climate change [68] |
Michael Bloomberg | $12.7 billion[ citation needed ] | Environment, public health, arts, government innovation and education |
Li Ka-shing | $10.7 billion[ citation needed ] | Education, healthcare |
Andrew Carnegie | $9.5 billion[ citation needed ] | Libraries, education, peace |
Elon Musk | $7.6 billion [69] | Science education, COVID-19 relief, renewable energy |
Chuck Feeney | $6.8 billion[ citation needed ] | Healthcare, youth, aging, poverty, human rights |
Alisher Usmanov | $5.8 billion [70] [71] | Art, science, sport, healthcare |
The Sainsbury family | $5 billion [70] [71] | Art, education, human rights, youth, aging |
Christopher Hohn | $4.5 billion [72] | Youth, poverty, education |
Carlos Slim Helu | $4.2 billion [72] | Arts, education, healthcare, sports, downtown restoration |
Alwaleed Philanthropies | $4 billion [73] | Alwaleed Philanthropies collaborates with a range of philanthropic, government and educational organizations to combat poverty, empower women and youth, develop communities, provide disaster relief and create cultural understanding through education. |
The Weston family | $2.3 billion [70] [71] | Innovations, healthcare, aging, environment |
Phil Knight | $2 billion [74] | Education, healthcare, intercollegiate athletics |
James E. Stowers | $2 billion [75] | Healthcare |
Hansjoerg Wyss | $1.9 billion [72] | Climate change, poverty |
Howard Hughes | $1.56 billion[ citation needed ] | Healthcare |
Ted Turner | $1 billion[ citation needed ] | United Nations Foundation |
Stephan Schmidheiny | $1.5 billion [72] | Environment, sustainable development |
Vitalik Buterin | $1 billion [57] | Donated $1 billion worth of the cryptocurrencies Shiba Inu and Ether to a COVID-19 relief fund in India. |
Michael Jackson | $500 Million+ [76] [77] | Healthcare, poverty, youth, cancer research, education |
T. Boone Pickens | $500 Million [57] | Education |
Philanthropy is a form of altruism that consists of "private initiatives for the public good, focusing on quality of life". Philanthropy contrasts with business initiatives, which are private initiatives for private good, focusing on material gain; and with government endeavors that are public initiatives for public good, such as those that focus on the provision of public services. A person who practices philanthropy is a philanthropist.
Azim Hashim Premji is an Indian businessman and philanthropist, who was the chairman of Wipro Limited. Premji remains a non-executive member of the board and founder chairman. He is informally known as the Czar of the Indian IT Industry. He was responsible for guiding Wipro through four decades of diversification and growth, to finally emerge as one of the global leaders in the software industry. In 2010, he was voted among the 20 most powerful men in the world by Asiaweek. He has twice been listed among the 100 most influential people by Time magazine, once in 2004 and more recently in 2011. For years, he has been regularly listed one among The 500 Most Influential Muslims. He also serves as the Chancellor of Azim Premji University, Bangalore. Premji was awarded Padma Vibhushan, India's second highest civilian award, by the Government of India.
The Atlantic Philanthropies (AP) was a private foundation created in 1982 by American businessman Chuck Feeney. The Atlantic Philanthropies focused its giving on health, social, and politically left-leaning public policy causes in Australia, Bermuda, Ireland, South Africa, the United States and Vietnam. It was among the largest foreign charitable donors in each of the countries in which it operated, and was the single largest funder of programs that encouraged the civic engagement of older people and of comprehensive immigration reform in the United States. With the single largest advocacy grant ever made by a foundation, the Atlantic Philanthropies committed $27 million to win passage of the Affordable Care Act in the United States. About half of the Atlantic Philanthropies' grants were made in donations that allow lobbying.
The Pew Charitable Trusts is an independent non-profit, non-governmental organization (NGO), founded in 1948.
In the United States, a donor-advised fund is a charitable giving vehicle administered by a public charity created to manage charitable donations on behalf of organizations, families, or individuals. To participate in a donor-advised fund, a donating individual or organization opens an account in the fund and deposits cash, securities, or other financial instruments. They surrender ownership of anything they put in the fund but retain advisory privileges over how their account is invested, and how it distributes money to charities.
Philanthrocapitalism or philanthropic capitalism is a way of doing philanthropy, which mirrors the way that business is done in the for-profit world. It may involve venture philanthropy that actively invests in social programs to pursue specific philanthropic goals that would yield return on investment over the long term, or in a more passive form whereby "social investors" benefit from investing in socially-responsible programs.
Laura Celestia "Cettie" Spelman Rockefeller was an American abolitionist, philanthropist, school teacher, and prominent member of the Rockefeller family. Her husband was Standard Oil co-founder John D. Rockefeller. Spelman College in Atlanta and the Laura Spelman Rockefeller Memorial were named for her.
Ruth Lilly was an American philanthropist, the last surviving great-grandchild of Eli Lilly, founder of the Eli Lilly and Company pharmaceutical firm, and heir to the Lilly family fortune. A lifelong resident of Indianapolis, Indiana, Ruth Lilly is estimated to have given away nearly $800 million of her inheritance during her lifetime, mostly in support of the arts, education, health, and environmental causes in Indianapolis and in Indiana.
A foundation in the United States is a type of charitable organization. Though, the Internal Revenue Code distinguishes between private foundations and public charities. Private foundations have more restrictions and fewer tax benefits than public charities like community foundations.
Johann Georg "Hansjörg" Wyss is a Swiss billionaire businessman and donor to politically liberal and environmental causes in the United States. He is the founder and former president and chairman of Synthes, a medical device manufacturer. His Wyss Foundation has more than $2 billion in assets.
National Philanthropic Trust (NPT) is an American independent public charity that provides philanthropic expertise to donors, foundations and financial institutions. NPT ranks among the largest grantmaking institutions in the United States.
MacKenzie Scott is an American novelist, philanthropist, co-founder of Amazon and ex-wife of Jeff Bezos. As of December 2024, she has a net worth of US$42.1 billion, according to Bloomberg Billionaires Index; owning a 4% stake in Amazon. As such, Scott is the third-wealthiest woman in the United States and the 38th-wealthiest individual in the world. Scott was named in the list of world's 100 most powerful women by Forbes in 2023 and 2021; including one of Time's 100 most influential people in 2020.
The Institute for Philanthropy is a not-for-profit organisation which provides information and educational programmes to philanthropists and to charitable organizations. Originally established in 2000 by Hilary Browne-Wilkinson, a former solicitor at University College London, the Institute currently operates from offices in London and New York.
Philanthropy in the United States is the practice of voluntary, charitable giving by individuals, corporations and foundations to benefit important social needs. Its long history dates back to the early colonial period, when Puritans founded Harvard College and other institutions. Philanthropy has been a major source of funding for various sectors, such as religion, higher education, health care, and the arts. Philanthropy has also been influenced by different social movements, such as abolitionism, women’s rights, civil rights, and environmentalism. Some of the most prominent philanthropists in American history include George Peabody, Andrew Carnegie, John D. Rockefeller, Henry Ford, Herbert Hoover, and Bill Gates.
The Silicon Valley Community Foundation (SVCF) is a donor-advised community foundation serving the Silicon Valley region. It is the largest charitable foundation in Silicon Valley.
Chen Yidan, also known as Charles Chen, is a Chinese internet entrepreneur and philanthropist. He is a co-founder of Tencent, founder of the Chen Yidan Charity Foundation, and founder of the Yidan Prize Foundation.
Donatekart is an India-based social enterprise that allows individuals to donate supplies needed to a charity instead of donating money. The organization was founded in 2016 by Anil Kumar Reddy and Sandeep Sharma. Donatekart act as an online crowdsourcing platform that assists non-governmental organizations to create campaigns and collect products they require from donors instead of traditional monetary donations. Donatekart is the first of its kind in the world that enables donors and philanthropist to directly donate required products to charitable organizations online instead of money. The organization was awarded with NASSCOM Social Innovation Award 2018 by K. T. Rama Rao, Minister for Information Technology, during World Conference on Information Technology held in 2019, in Hyderabad. Donatekart is incubated by Zone Startups India, an accelerator program run by Bombay Stock Exchange, Mumbai and T-Hub, Hyderabad.
Philanthropies, formerly LDS Philanthropies, is a department of the Church of Jesus Christ of Latter-day Saints and is responsible for facilitating donations to humanitarian and educational initiatives. The department works under the direction of the church's Presiding Bishop. The most widely known educational projects are the operation of church-owned schools, such as Brigham Young University (BYU). Humanitarian funds are given to Latter-day Saint Charities which sponsors and organizes relief efforts. In 2019, the church reported over 3,000 community-based projects with an excess of 2,000 partners, in locations around the world. A 2020 statistic reported a total of $2.3 billion that had been donated over Philanthropies' existence.
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: CS1 maint: date and year (link) CS1 maint: location missing publisher (link)In 2017, the Open Society Foundations announced that Soros had transferred $18 billion of his fortune towards funding the future work of the Foundations, bringing his total giving to the Foundations since 1984 to over $32 billion