Wealth-X Reveals: The Largest Philanthropic Donations Of 2014
2016 Philanthropy Update
A new philanthropy research, “Changing Philanthropy: Trend Shifts in Ultra Wealthy Giving”, commissioned in 2016 by Arton Capital and produced by Wealth-X, reveals that major donors, those UHNW individuals who have donated at least US$1 million in their lifetime, are significantly wealthier than their UHNW peers and have an average net worth of nearly US$300 million. You can download the report free now.
With the season of giving upon us, Wealth-X today released a list of the 10 biggest single charitable donations of 2014. Billionaire investor Warren Buffet made the largest donation of 2014, giving US$2.1 billion to the Bill and Melinda Gates Foundation in the form of 16.6 million shares of his company, Berkshire Hathaway.
Eight of the top 10 donations of 2014 were made by American philanthropists. Hong Kong real estate tycoons Ronnie and Gerald Chan are the only non-Americans to appear on the list. The billionaire brothers collectively gave a US$350 million gift to Harvard University, the largest ever in the school’s history.
Harvard also received a US$150 million donation from hedge fund manager Kenneth Griffin to support financial aid. Six of the top 10 donations of 2014 were made to educational institutions, two were given to health causes, and two went to philanthropic foundations.
The 10 largest philanthropic donations of 2014
|Rank||Name||Individual Or With Spouse||Net Worth
|Donated Amount To Net Worth Ratio||Cause|
Bill and Melinda Gates Foundation
|2||Nicholas Woodman||With spouse||4,400||497.5||10%||
Silicon Valley Community Foundation
Oregon Health & Science University
|7||John Morgridge||With spouse||1,500||100||6%||
University of Wisconsin-Madison
|8||John “Jay” Jordan||Individual||290||75||21%||
University of Notre Dame
|9||Edward Meyer||With spouse||740||75||9%||
Weill Cornell Medical College
University of California Santa Barbara
*Donated amounts only take into account donations that have already been made, and do not include pledged amounts.
Wealth-X is the world’s leading ultra high net worth (UHNW) intelligence and prospecting firm with the largest collection of curated research on UHNW individuals, defined as those with net assets of US$30 million and above. The firm’s Wealth-X Professional solution is the standard for banking, luxury marketing and not-for-profit professionals working with the ultra affluent. Headquartered in Singapore, Wealth-X has 13 offices across five continents. (www.wealthx.com)