4 charities are thankful for Warren Buffett this Thanksgiving, as he gives away $870 million of his fortune to philanthropy (2024)

FAQs

What charity does Warren Buffett donate to? ›

He gave 1.5 million shares of Berkshire Hathaway Class “B” stock valued at $541.5 million to the Susan Thompson Buffett Foundation, named for his first wife, who died in 2004. Buffett created the grantmaker in 1964 to manage the family's charitable giving, and it remains a family affair.

Jamsetji Tata named world's most charitable, beats Bill Gates. The title of the world's most generous individual goes to an Indian who outshines renowned figures like Mukesh Ambani, Ratan Tata, Azim Premji, and Shiv Nadar.

Rupert Hoogewerf, the chairman and chief researcher at Hurun, said, “Whilst American and European philanthropists may have dominated the thinking of philanthropy over the last century, Jamsetji Tata, founder of India's Tata Group is the world's biggest philanthropist.”

Warren Buffett typically does not give money to individuals, although he frequently donates to charities. However, he has in the past forwarded individual requests for money to his sister, Ms. Doris Buffett, who operates an organization called the Sunshine Lady Foundation.

Buffett was raised as a Presbyterian, but has since described himself as agnostic.

According to a ranking compiled by the EdelGive Foundation and Hurun Report, Jamsetji Nusserwanji Tata, the founder of the Tata Group, has emerged as the world's most prominent philanthropist over the last century.

Which singer or movie star gave the most to charities in his or her life? Michael Jackson. He holds the Guinness record for the most amount of money donated.

Ruth Gottesman, a former professor at the medical school and current chair of its Board of Trustees, donated the money left to her by her husband, David Gottesman, who died in 2022. He founded the investment firm First Manhattan and was a protégé of billionaire Warren Buffett.

One Nation operates on a 100% donation policy and all donations are used for the delivery and service of the project.

Has Elon Musk donated to charity? ›

Musk donated $1.95 billion worth of Tesla shares to charities in 2022 and $5.74 billion in 2021, according to filings with the Securities and Exchange Commission (SEC). The Musk Foundation, like all charitable organizations, is mandated by law to allocate a minimum of 5% of its assets annually.

Evangelical Protestants and Mormons in particular are strong givers. Compared to Protestant affiliation, both Catholic affiliation and Jewish affiliation reduce the scope of average giving, when other influences are held constant.

Parton's Charitable Giving

In the 1980s, Dolly Parton began focusing her philanthropic endeavors on initiatives in her home state of Tennessee. Her father was illiterate, and for many years, she concentrated her efforts on improving literacy and graduation rates in Tennessee.

Its Money Stays Close to Home. After making billions in tax-deductible donations to his philanthropy, the owner of Tesla and SpaceX gave away far less than required in some years — and what he did give often supported his own interests.

Hawaii Pacific Health and Hilo Medical Center

Marc and Lynne Benioff gave two donations totaling $150 million to these two nonprofits to expand access to health care in Hawaii, where the Benioff's own property.

Last year, he gave out $117 million in grants to support homeless families through his Bezos Day 1 Families Fund, bringing his total donations to nearly $640 million. However, critics have in the past been skeptical about just how philanthropic the billionaire really is. “He's committed a large amount of money.

Likely the biggest philanthropist ever, Buffett's lifetime giving tops $51.5 billion–placing him at the top of Forbes' 2023 list of America's most generous philanthropists. Billions more sit in the coffers of the five foundations, soon to be put to use.

Buffett himself has pledged that 99% of his wealth will go to philanthropy during his lifetime or upon his death. As of 2023, the shares he's already given away were worth about $50 billion based on their value at the time of donation, or about $130 billion given Berkshire Hathaway's stock value at the time.