The
top 15 charitable gifts and pledges in the US accounted for $35 billion
in 2006, compared to $2 billion for the largest 15 gifts of 2005 and
$4.4 billion for the biggest 15 in 2004, according to the
Chronicle.
Mr Buffett’s $31 billion gift – which will help the Gates
Foundation pursue its goal of curing the
world’s 20 leading fatal diseases – is the biggest charitable
donation in history. Mr. Buffett pledged 10 million shares
to the Gates Foundation over his lifetime, has grown in value since it
was announced, to $36-billion last week.
At least 14 other individuals pledged more than $100-million each to
single institutions last year, setting a new record in the 10 years . The number of donations of $100-million or more reached 12 in 1998,
when several technology entrepreneurs and other wealthy Americans
announced substantial donations. Last year, 10 donations of that size
were made.
In 2006, the list was dominated by people who made their fortunes in
the financial and real-estate industries rather than the technology
donors who have played a big role in the lists of recent years.
The beneficiaries of the biggest gifts of 2006 were mostly
foundations or colleges. Nine gifts went to foundations, four to
colleges and universities, and one to a hospital.
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Top 15
Biggest Gifts and Pledges Announced by Individuals in 2006
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$31-billion (pledge)
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Warren E. Buffett, chief
executive officer of Berkshire Hathaway
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To the Bill &
Melinda Gates Foundation (Seattle)
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$1.3-billion
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Herbert M. and Marion O.
Sandler, co-chief executive officers of Golden West
Financial Corporation
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To the Sandler Family
Supporting Foundation (San Francisco)
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$723.2-million
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Bernard A. Osher,
co-founder of Golden West Financial Corporation
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To the Bernard Osher
Foundation (San Francisco)
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$500-million (bequest)
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Jim Joseph, founder of
the Interland Corporation
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To the Jim Joseph
Foundation (San Francisco)
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$225-million (pledge)
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David Rockefeller,
retired chairman of Chase Manhattan Bank
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To the Rockefeller
Brothers Fund (New York) for a global development fund
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$200-million (bequest)
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Mary Joan Palevsky,
investor
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To the California
Community Foundation (Los Angeles)
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$175-million
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George Lucas
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To the Lucasfilm
Foundation (San Francisco) to support the University
of Southern California's School of Cinematic Arts
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$135-million
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Boone Pickens, founder
of BP Capital Management
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To establish the T.
Boone Pickens Foundation (Dallas)
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$105-million (pledge)
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Philip H. Knight,
chairman of Nike
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To Stanford University
Graduate School of Business (Calif.) for a new
management-center campus
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$101-million (pledge)
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Peter B. Lewis, chairman
of the Progressive Corporation
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To Princeton University
(N.J.) for creative- and performing-arts programs
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$100-million
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John Arrillaga,
co-founder of Peery Arrillaga
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To Stanford University
(Calif.)
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$100-million (pledge)
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Dan L. Duncan, chairman
of Enterprise Products
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To Baylor College of
Medicine (Houston) primarily for faculty recruitment,
programs at the institution's cancer center, and
research
|
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$100-million (pledge)
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Lawrence J. Ellison,
chief executive officer of Oracle
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To the Ellison Medical
Foundation (Bethesda, Md.)
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$100-million (pledge)
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Ronald P. Stanton,
chairman of Transammonia
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To Yeshiva University
(New York)
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$100-million (pledge)
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Mortimer B. Zuckerman,
publisher and real-estate developer
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To Memorial
Sloan-Kettering Cancer Center (New York) for a
research facility
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Note: Does not include
gifts of artwork or other noncash donations, or gifts
from anonymous donors. Unless otherwise noted, the
donor did not place any restrictions on how the money
was to be used. Also does not include multiple big
gifts by Mr. Buffett, who announced pledges worth a
total of $6-billion to several Buffett family
foundations. Mr. Lewis paid $21-million of his pledge
to Princeton University in 2005, but did not announce
the size of his total gift until 2006.
Source: The
Chronicle of Philanthropy
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