21 Americans donated more than $100M each in 2006
February 27, 2007
Leading the way was Berkshire Hathaway's Warren Buffett who pledged to give away stock worth $43.5 billion to several groups, including more than $30 billion to the Bill & Melinda Gates Foundation. In 2006 Buffet paid out $1.9 billion of his pledge.
Following Buffet were Herbert M. and Marion O. Sandler who gave away $1.3 billion of their fortune earned from finance and investments, Bernard A. and Barbro Osher ($723.2 million), Jim Joseph ($500-million bequest), and Hector Guy and Doris Di Stefano ($264-million bequest). New York mayor Michael R. Bloomberg was number 8 on the list with $165-million in donations (number 9 if you look at the amount pledged but not paid out in 2006).
The number large donations reflects both the rapidly rising wealth among the richest Americans -- there are now 371 billionaires in the U.S. -- and the current trend for highly visible giving. In recent years, generous donations from Bill Gates and Warren Buffett have helped spawn greater interest in high-level charitable giving, reaching the point where "venture philanthorpy" and "social entrepreneurship" panels are seeing standing-room only crowds in places like Silicon Valley. Publicly-traded Google Inc. has pledged millions of dollars towards charitable efforts through its Google.org program.
Encouragement has also come from the halls of academia: Jeffrey Sachs, a prominent American economist who is director of the Earth Institute at Columbia University, has suggested that a tax on the upper echelon of rich Americans could end extreme global poverty.
21 who pledged $100 in 2006 (source: The Chronicle of Philanthropy)
|Rank||Donors||Amount pledged||Amount paid|
|1||Warren E. Buffett||$43,500.00||$1.9-billion|
|2||Herbert M. and Marion O. Sandler||$1,300.00||$1.3-billion|
|3||Bernard A. and Barbro Osher||$723.20||$723.2-million|
|5||Hector Guy and Doris Di Stefano||$264||$264-million|
|7||Mary Joan Palevsky||$212.80||$212.8-million|
|8||T. Boone Pickens||$171.50||$171.5-million|
|9||Michael R. Bloomberg||$165||$165-million|
|10||Lorry I. Lokey||$163||$163-million|
|11||Robert W. Wilson||$147.20||$14.8-million|
|13||Eli and Edythe L. Broad||$137.60||$137.6-million|
|14||Dan L. Duncan family||$115||n/a|
|16||Philip H. Knight||$105||n/a|
|17||Ronald P. Stanton||$100||$25,000|
|18||Lawrence J. Ellison||$100||$5-million|
|18||Henry M. and Wendy J. Paulson||$100||$100-million|
|18||Mortimer B. Zuckerman||$100||n/a|
(source: The Chronicle of Philanthropy)