Big-dollar BETS
Mega-donations spurring social change. Plus: Drive like a billionaire.
LARGE FORTUNES beget large gifts, and more than ever, prominent philanthropists are anteing up $25 million–plus to help tackle problems of poverty, disease, substandard education and more. Boston’s Bridgespan Group found 74 such gifts in 2016, totaling $6.7 billion. Its panel of outside experts then ranked the 10 listed below as the most promising. For more, please see forbes.com/big-bets-2017.
1. The Global Fund to Fight AIDS, Tuberculosis & Malaria
BILL AND MELINDA GATES $600 million
The Gates Foundation’s money, augmenting $12.9 billion donated by others, aims to save some 8 million lives and prevent 300 million more from contracting these diseases.
2. (tie) Innovative Vector Control Consortium
BILL AND MELINDA GATES $75 million
The funds go toward continued development of a trio of insecticides to prevent the spread of malaria and other illnesses.
2. (tie) Nurse Family Partnership
BLUE MERIDIAN PARTNERS $33 million
Helps finance expansion of NFP home-visitation programs across the U.S. and improve pregnancy and other health outcomes for 100,000 young, lower-income, firsttime mothers and their children.
4. Susan G. Komen African-american Health Equity Initiative
FUND ii FOUNDATION
$27 million
This Komen program seeks to reduce the black/white breast cancer mortality-rate gap across ten U.S. metro areas over five years.
5. (tie) Tobacco Control
MICHAEL BLOOMBERG $360 million
Building on $600 million he has given since 2007, New York’s exmayor aims to reduce tobacco use in developing countries where smoking remains widespread.
5. (tie) Youth Villages
BLUE MERIDIAN PARTNERS $36 million
The donation will help launch and finance Yvlifeset, a program to aid the 23,000 Americans who age out of the foster-care system every year, assisting their transition to independent adulthood.
7. Alliance for a Green Revolution in Africa
ROCKEFELLER FOUNDATION $50 million
AGRA works to help small farmers across Africa triple or quadruple their production through better technology and storage.
8. Cohens Veterans Network
STEVEN AND ALEXANDRA COHEN
$275 million
The hedge-funder and his wife founded this network of 25 clinics that treat—for free—veterans (and their families) who have post-traumatic stress and other ailments.
9. United Negro College Fund
FUND ii FOUNDATION
$48 million
The foundation’s money will go toward mentoring, internships and college scholarships for Africanamerican students interested in careers in STEM fields.
10. Building Equity Initiative
WALTON FAMILY
$250 million
Founded in 1997, the Waltons’ BEI finances low-interest loans to nonprofit lenders that help charter schools nationwide secure and upgrade their facilities.