The Forbes Philanthropy Score 2023: How Charitable Are The Richest Americans? (2024)

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The Forbes Philanthropy Score 2023: How Charitable Are The Richest Americans? (2024)

FAQs

The Forbes Philanthropy Score 2023: How Charitable Are The Richest Americans? ›

Not very, according to Forbes' research. The members of the 2023 Forbes 400

Forbes 400
The Forbes 400 or 400 Richest Americans is a list published by Forbes magazine of the wealthiest 400 American citizens who own assets in the U.S., ranked by net worth. The 400 was started by Malcolm Forbes in 1982 and the list is published annually around September.
https://en.wikipedia.org › wiki › Forbes_400
list have collectively given more than $250 billion to charity, by our count—less than 6% of their combined net worth.

Who are the most charitable Americans? ›

Warren Buffett tops our list as the biggest giver for the fourth year in a row, with $56.7 billion in lifetime giving. The 93-year-old CEO of conglomerate Berkshire Hathaway–who also gave away the most in 2023–is on a mission to make sure that he doesn't leave his heirs a fortune.

Who donated the most money to charity in 2023? ›

Warren Buffett, chairman and chief executive of Berkshire Hathaway, topped the Chronicle of Philanthropy's annual list of the biggest charitable donations in 2023, with his $541.5-million gift to the Susan Thompson Buffett Foundation.

Who gives most to charity rich or poor? ›

Guided by their values and beliefs, affluent households continue to lead in charitable giving, with 85% giving to charity in 2022. More than half of affluent households in America (54%) say their giving is very linked to the issues they care most about.

Do Republicans or Democrats donate more? ›

While the tendency to give is common, Republicans donate larger sums than Democrats. Overall giving levels rise as incomes grow for both groups, but Republicans give slightly more at each income level.

Who are the most charitable billionaires? ›

Still, only eleven of America's 400 richest people have given away more than 20% of their stash, per Forbes' estimates, earning a rare 5: John Arnold, Edythe Broad, Warren Buffett, Bill Gates, Melinda French Gates, Amos Hostetter Jr., Pierre Omidyar, MacKenzie Scott, Lynn Schusterman, Jeff Skoll and George Soros.

Who is the biggest philanthropist in the United States? ›

Former New York City Mayor Michael Bloomberg gained a new title. He became the biggest philanthropist of the year, donating $3 billion to support various causes throughout the world in 2023, according to the Chronicle of Philanthropy.

Who is the top philanthropist in 2023? ›

Michael Bloomberg Tops the Chronicle of Philanthropy's List of America's Biggest Donors in 2023. March 5, 2024, at 10:31 a.m.

Do rich people donate more than poor people? ›

95% of households making more than $10 million a year donate on average 8.6% of their income. However, middle class households making between $50,000 and $75,000 donate on average 7.6% of their income to charity, and the poorest one-fifth of Americans donate 4.3% of their income to charitable causes.

Which religion gives the most to charity? ›

These giving levels vary by particular faith. Mormons are the most generous Americans, both by participation level and by size of gifts.

Does Bill Gates give money to individuals? ›

In general, and except in specific circ*mstances as noted on certain grant applications, the foundation is unable to make grants directly to individuals.

Who donated 102 billion dollars? ›

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.

What demographic is the most charitable? ›

Silent Generation/Greatest Generation—These groups make up around 11.8% of the population. They're the biggest donors in terms of contributions, giving around $1,367 of their income. 88% are reliable, annual donors.

What group is the most charitable? ›

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.

What religion gives the most to charity in the US? ›

These giving levels vary by particular faith. Mormons are the most generous Americans, both by participation level and by size of gifts.

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