Close Menu
Global News HQ
    What's Hot

    Essential Guide to Crafting a Successful Daycare Business Plan

    June 8, 2025

    Mini Motorways is getting a creative mode

    June 8, 2025

    Is Hims & Hers Health a Smart Buy Right Now? | The Motley Fool

    June 8, 2025
    Recent Posts
    • Essential Guide to Crafting a Successful Daycare Business Plan
    • Mini Motorways is getting a creative mode
    • Is Hims & Hers Health a Smart Buy Right Now? | The Motley Fool
    • Cudis Bets on Wearables, AI and a Solana Token to Drive the Longevity Movement – Decrypt
    • DappRadar: DeFi and NFT Upticks in May Could Mark Start of Recovery
    Facebook X (Twitter) Instagram YouTube TikTok
    Trending
    • Essential Guide to Crafting a Successful Daycare Business Plan
    • Mini Motorways is getting a creative mode
    • Is Hims & Hers Health a Smart Buy Right Now? | The Motley Fool
    • Cudis Bets on Wearables, AI and a Solana Token to Drive the Longevity Movement – Decrypt
    • DappRadar: DeFi and NFT Upticks in May Could Mark Start of Recovery
    • Teddi Mellencamp & Edwin Arroyave Reunite for Their Daughter’s Latest Milestone | Bravo
    • The Secret to Staying Strong as You Age May be This Type of Workout
    • XRP Price Risks Plummeting Below $2 As Sellers Take Control
    Global News HQ
    • Technology & Gadgets
    • Travel & Tourism (Luxury)
    • Health & Wellness (Specialized)
    • Home Improvement & Remodeling
    • Luxury Goods & Services
    • Home
    • Finance & Investment
    • Insurance
    • Legal
    • Real Estate
    • More
      • Cryptocurrency & Blockchain
      • E-commerce & Retail
      • Business & Entrepreneurship
      • Automotive (Car Deals & Maintenance)
    Global News HQ
    Home - Business & Entrepreneurship - Michael Bloomberg Tops List of American Philanthropists | Entrepreneur
    Business & Entrepreneurship

    Michael Bloomberg Tops List of American Philanthropists | Entrepreneur

    Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp VKontakte Email
    Michael Bloomberg Tops List of American Philanthropists | Entrepreneur
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Michael Bloomberg, 83, topped the list of Americans who donated the most money to nonprofits last year, according to the Chronicle of Philanthropy’s Philanthropy 50 list for 2024. It was the second year in a row that Bloomberg led the list.

    Bloomberg gave $3.7 billion to charitable causes in 2024 in support of the arts, education, public health groups, and city government improvement programs. He made his contributions directly and through his charitable organization Bloomberg Philanthropies.

    One sizable donation Bloomberg made was a $1 billion grant to Johns Hopkins University in July 2024 to cover the cost of medical school for students.

    Related: MacKenzie Scott’s Nearly $20 Billion in Donations Has Had a ‘Transformative Effect,’ According to a New Study. Here’s How.

    “I’ve never understood people who wait until they die to give away their wealth,” Bloomberg told the Chronicle in an email. “Why deny yourself the satisfaction? I’ve been very lucky, and I’m determined to do what I can to open doors for others and to leave a better world for my children and grandchildren.”

    Michael Bloomberg. Photographer: Lionel Ng/Bloomberg via Getty Images

    Five other individual donors or couples joined Bloomberg in giving away $1 billion or more last year. They were: Netflix co-founder Reed Hastings and his wife Patty Quillin (second on the list), Dell Technologies founder Michael Dell and his wife Susan Dell (third), Warren Buffett (fourth), Meta CEO Mark Zuckerberg and his wife Priscilla Chan (fifth), and retired pediatrics professor Ruth Gottesman (sixth).

    The bulk of the donations went to funds that supported causes like scientific research and education. Gottesman made a move similar to Bloomberg’s by donating $1 billion to the Albert Einstein College of Medicine in Bronx, New York in February to make the medical school tuition-free as of August 2024.

    Related: Former Pediatrics Professor Donates $1 Billion, Makes Albert Einstein College of Medicine Tuition-Free

    The top 50 donors on the list gave a collective $16.2 billion for philanthropic causes in 2024. The median amount they gave was $100 million.

    Paychex founder Thomas Golisano was the eighth most generous donor on the list, giving away $500 million in 2024. Most of his donations, or about $400 million, were no-strings-attached contributions to over 100 nonprofits in New York and Florida. One of his areas of focus is organizations that support people with disabilities.

    Former investment banker K. Lisa Yang (wife of Broadcom CEO Hock E. Tan) was the 34th donor on the list. She gave away $74.5 million this year, mostly to MIT and Cornell University. In February, Yang gave $35 million to Cornell College of Veterinary Medicine’s Wildlife Center to support wildlife conservation.

    Venture capital investor Michele Kang (No. 28) donated $84 million in 2024, giving $4 million to the USA Women’s Rugby team.

    The Philanthropy 50 ranking has been running for 25 years. In that span of time, Buffett has been the biggest donor, giving away $49.4 billion.

    Bill Gates and Melinda French Gates were second overall, giving $34 billion together, while Bloomberg, Jeff Bezos, and Elon Musk were third, fourth, and fifth respectively in overall charitable contributions.

    Bezos committed $10 billion in 2021 to the Bezos Earth Fund to protect nature and fight climate change while Musk has donated around $7 billion since 2020 to his organization, The Musk Foundation, which supports renewable energy research and science and engineering education.

    Related: ‘Unexpected Funding’: Paychex’s Founder Donates $85 Million to 41 Nonprofits. Here’s Where the Money Is Going.



    Source link

    Business News Giving Back Michael Bloomberg News and Trends Philanthropy
    Share. Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Email
    Previous ArticleFans Call This Shampoo From a Martha Stewart-Used Brand a ‘Miracle’ for ‘Lifeless’ Hair
    Next Article SEC Names Crypto Task Force Chief Counsel

    Related Posts

    Essential Guide to Crafting a Successful Daycare Business Plan

    June 8, 2025

    More Colorado Workplaces Are Becoming Safe Spaces for Employees in Recovery

    June 7, 2025

    Airstream’s new Frank Lloyd Wright trailer is a match made in midcentury heaven

    June 7, 2025

    Understanding What Is Bootstrapping and How It Drives Business Success

    June 7, 2025
    Leave A Reply Cancel Reply

    ads
    Don't Miss
    Business & Entrepreneurship
    10 Mins Read

    Essential Guide to Crafting a Successful Daycare Business Plan

    Key TakeawaysA solid daycare business plan is essential for outlining goals, guiding operations, and securing…

    Mini Motorways is getting a creative mode

    June 8, 2025

    Is Hims & Hers Health a Smart Buy Right Now? | The Motley Fool

    June 8, 2025

    Cudis Bets on Wearables, AI and a Solana Token to Drive the Longevity Movement – Decrypt

    June 8, 2025
    Top
    Business & Entrepreneurship
    10 Mins Read

    Essential Guide to Crafting a Successful Daycare Business Plan

    Key TakeawaysA solid daycare business plan is essential for outlining goals, guiding operations, and securing…

    Mini Motorways is getting a creative mode

    June 8, 2025

    Is Hims & Hers Health a Smart Buy Right Now? | The Motley Fool

    June 8, 2025
    Our Picks
    Business & Entrepreneurship
    10 Mins Read

    Essential Guide to Crafting a Successful Daycare Business Plan

    Key TakeawaysA solid daycare business plan is essential for outlining goals, guiding operations, and securing…

    Technology & Gadgets
    1 Min Read

    Mini Motorways is getting a creative mode

    During a showcase at Summer Games Fest, developer Dinosaur Polo Club announced that it will…

    Pages
    • About Us
    • Contact Us
    • Disclaimer
    • Homepage
    • Privacy Policy
    Facebook X (Twitter) Instagram YouTube TikTok
    • Home
    © 2025 Global News HQ .

    Type above and press Enter to search. Press Esc to cancel.

    Go to mobile version