Thursday, December 18th1.7°C
24124
24285

Mark Zuckerberg, wife, most charitable Americans in 2013, thanks to Facebook stock value

SEATTLE - Mark Zuckerberg and his wife, Priscilla Chan, were the most generous American philanthropists in 2013, with a donation of 18 million shares of Facebook stock, valued at more than $970 million, to a Silicon Valley non-profit in December.

The Chronicle of Philanthropy reported Monday that Zuckerberg's donation was the largest charitable gift on the public record in 2013 and put the young couple at the top of the magazine's annual list of 50 most generous Americans in 2013.

The top 50 contributors made donations last year totalling $7.7 billion, plus pledges of $2.9 billion.

The Chronicle's editor says the most significant fact from the list was the amount of money coming from living donors, which totalled about the same amount as the two previous years combined.

"It's a sure sign that the economy is getting better and people are getting a lot less cautious," said Stacy Palmer, Chronicle editor.

Some of the nation's biggest givers do not appear on the 2013 list, not because they stopped being generous, but because their donations in 2013 were counted as pledges in previous years.

For example, Microsoft co-founder Bill Gates and his wife, Melinda, gave their foundation slightly more than $181.3 million last year, but they were paying off a pledge of about $3.3 billion they made in 2004. CNN-founder Ted Turner and Berkshire Hathaway chairman Warren Buffett also made large gifts toward previous pledges.

It took gifts totalling at least $37.5 million to make the list this year. Forty-two of the top 50 made gifts of $50 million or more.

Thirty made big gifts to colleges and universities, but Palmer noted most college gifts went to science and research this year, not to buildings, as in previous years.

Ten of the 50 made the list because of bequests after their deaths, including the second biggest giver in 2013, George Mitchell, a Galveston, Texas, man who made his fortune in energy and real estate.

At No. 3 were Nike chairman Philip Knight and his wife, Penelope, of Portland, Ore., who made a $500 million challenge grant to Oregon Health & Science University Foundation for cancer research. The Knight pledge requires the university match it within the next two years.

No. 4 was philanthropist and former New York mayor Michael Bloomberg, who made gifts totalling $452 million in 2013 to arts, education, environment, public health and other causes.

Nineteen people or couples on the list have signed the Giving Pledge, started by Bill Gates and Warren Buffett in 2010. More than 120 of the world's wealthiest individuals and families have pledged to give at least half their wealth to charity since the movement began.

Although most people on the list were prominent wealthy people who have given generously in the past, Palmer said a few were surprises, including Jack MacDonald, a Seattle lawyer, who gave $139 million to three nonprofits upon his death.

___

Contact Donna Blankinship at https://twitter.com/dgblankinship

___

Online:

Chronicle of Philanthropy: http://philanthropy.com/50

The Canadian Press


Read more Business News

23954


Recent Trending




Today's Market
S&P TSX14213.88+352.36
S&P CDNX659.00+16.65
DJIA17356.87288.00
Nasdaq4644.312+96.477
S&P 5002012.89+40.15
CDN Dollar0.8625+0.0037
Gold1198.00+3.70
Oil57.41+0.94
Lumber337.20+3.00
Natural Gas3.693-0.009

 
Okanagan Companies
Pacific Safety0.125+0.005
Knighthawk0.01-0.005
QHR Technologies Inc1.27+0.04
Cantex0.03-0.005
Anavex Life Sciences0.1659-0.0241
Metalex Ventures0.05-0.005
Russel Metals27.18+1.03
Copper Mountain Mining1.54+0.11
Colorado Resources0.105-0.005
ReliaBrand Inc0.0199+0.0065
Sunrise Resources Ltd0.055+0.005
Mission Ready Services0.22+0.02

 
23744




FEATURED Property
20875101484 Lynwood Avenue
4 bedrooms 3 baths
$454,900
more details
image2image2image2
Click here to feature your property
Please wait... loading


Managing your sales team

Managing a sales team can be quite a challenge. Harnessing individual personality preferences and getting everyone focused on the same goals, moving at the same pace, and working in collaboration to d...


Working under the table

They say there are only two things that are certain in life: death and taxes. Not exactly an uplifting thought, but true nonetheless. Some people try to avoid paying tax by “working under the ta...


Housing prices to skyrocket?

As most of you know, this column was started with a focus on Okanagan real estate. Over time, more and more columnists started covering the real estate sphere and so it morphed in to a personal colum...

_








Member of BC Press Council


23546