How the Wealthy Use Their Charitable Foundations for Good
How the Wealthy Use Their Charitable Foundations for Good
What do Bill Gates, Mark Zuckerberg, Paul Allen, Gordon Moore, and Michael Bloomberg have in common? Of course, they are all among the world’s wealthiest individuals, but these men also have something else in common. They’re all on the list of the world’s most generous people. All of them have achieved great success and huge financial wealth, but they’ve also been very generous in sharing their fortunes with others and putting that money towards good causes. While most of the world’s most generous people have used many different methods to share their wealth, in most cases they have created private charitable foundations to distribute that wealth. Let’s look at some of the top philanthropists and how they’ve shared their wealth.
Bill Gates
The chairman and CEO of Berkshire Hathaway, has reportedly given away more than $21 billion to charitable causes in his lifetime, but he’s not stopping there. Ten years ago, Buffett pledged to give away 85 percent of his remaining wealth to the Bill and Melinda Gates Foundation, among others. He also joined with Gates in 2011 to form the Giving Pledge, which focuses on committing the richest people to donate a large portion of their money to charity.
Michael Bloomberg
Paul Allen
Mark Zuckerberg
Gordon Moore
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Alan Olsen, is the Host of the American Dreams Show and the Managing Partner of GROCO.com. GROCO is a premier family office and tax advisory firm located in the San Francisco Bay area serving clients all over the world.
Alan L. Olsen, CPA, Wikipedia Bio
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