Bezos and Bloomberg among top 50 US charity donors for 2020
As the world grappled with COVID-19, a recession and a racial reckoning, the ultrawealthy gave to a broader set of causes than ever before — bestowing multimillion-dollar gifts on food pantries, historically Black colleges and universities and organizations that serve the poor and the homeless, according to the Chronicle of Philanthropy’s annual rankings of the 50 Americans who gave the most to charity last year.
Another cause that got outsize attention from billionaire philanthropists: Climate change. Jeff Bezos topped the list by donating $10 billion to launch the Bezos Earth Fund. Bezos, who last week announced he was stepping down as Amazon CEO to devote more time to philanthropy and other projects, also contributed $100 million to Feeding America, the organization that supplies more than 200 food banks.
No. 2 on the list was Bezos’s ex-wife, MacKenzie Scott, who gave $5.7 billion in 2020 by asking community leaders to help identify 512 organizations for seven- and eight-figure gifts, including food banks, human-service organizations, and racial-justice charities.
Another donor who gave big to pandemic causes and racial-justice efforts was Jack Dorsey, the co-founder of Twitter, who ranked No. 5. He put $1.1 billion into a fund that by year’s end had distributed at least $330 million to more than 100 nonprofits.
The financier Charles Schwab and his wife, Helen (No. 24), gave $65 million to address homelessness in San Francisco. Netflix co-founder Reed Hastings and wife, Patty Quillin (No. 14), gave $120 million for financial aid for students at historically Black colleges and universities. Michael Jordan, the basketball great (No. 31), pledged $50 million to racial and social-justice groups.
“When I look at the events of the last year, there was an awakening for the philanthropic sector,” says Nick Tedesco, president of the National Center for Family Philanthropy. “Donors supported community-led efforts of recovery and resiliency, particularly those led by people of color.”…..read more
Source: AP News