Bezos tops list of richest 2020 charitable gifts
SILVER SPRING, MD. » The world’s richest person made the singlelargest charitable contribution in 2020, according to The Chronicle of Philanthropy’s annual list of top donations, a $10 billion gift that is intended to help fight climate change.
Amazon’s founder and CEO, Jeff Bezos, whose “real- time” worth Forbes magazine estimates at roughly $188 billion, used the contribution to launch his Bezos Earth Fund. The fund, which supports non-profits involved in the climate crisis, has paid out $790 million to 16 groups so far, according to the Chronicle.
Setting aside Bezos’ whopping gift, though, the sumtotal of the top 10 donations last year — $2.6 billion — was the lowest since 2011, even as many billionaires vastly increased their wealth in the stock market rally that catapulted technology shares in particular last year. According to the left-leaning Americans for Tax Fairness and the Institute for Policy Studies, from March 18 through Dec. 7, 2020, Bezos’ wealth surged by 63%, from $113 billion to $184 billion.
Phil Knight, who with his wife, Penny, made the second- and third-largest donations last year according to the Chronicle, increased his wealth by about 77% over the same March-to-December period. Knight and his wife gave more than $900 million to the Knight Foundation and $300 million to the University of Oregon.
Fred Kummer, founder of construction company HBE Corporation, and his wife, June, gave $300 million to establish a foundation to support programs at the Missouri University of Science and Technology.
Facebook’s founder Mark Zuckerberg and his wife, Priscilla Chan, delivered the fourthlargest donation on the Chronicle’s list: A $250 million gift to the Center for Tech and CivicLife, which worked on voting security issues in the 2020 election.In the fifth spot was Arthur Blank, cofounder of Home Depot, who gave $200 million through his foundation to Children’s healthcare of Atlanta to build a new hospital.