How the Wealthy Use Their Charitable Foundations for Good

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

The former mayor of New York City and the CEO of Bloomberg Media is said to be worth more than $37 billion. He has also donated a reported $3 billion of his wealth to charitable causes via his Bloomberg Foundation. That money has been used to target several initiatives, including many in environmental causes, education, and health care.

Paul Allen

The other half of the tandem that founded Microsoft, Allen has donated about $2 billion to several causes through his Paul G. Allen Family Foundation, which helps global health causes, such as Alzheimer’s research among other initiatives.

Mark Zuckerberg

The founder of Facebook has not yet donated as much as some of the others on the list, although the estimated $1.6 billion he’s given away is nothing to scoff at. Plus, Zuckerberg is much younger than most of the people on this list so he has a lot more time to still give his money away. And, he has already signed the Giving Pledge and plans to donate at least half his wealth during his lifetime. 

Gordon Moore

The co-founder of Intel has now turned his attention to helping the less fortunate and in doing so has donated a reported $5 billion of his personal wealth. He and his wife formed the Gordon and Betty Moore Foundation, which focuses on environmental conservation, advancements in science and patient care, among other things. 
We hope you found this article about “How the Wealthy Use Their Charitable Foundations for Good” helpful.  If you have questions or need expert tax or family office advice that’s refreshingly objective (we never sell investments), please contact us or visit our Family office page  or our website at www.GROCO.com.  Unfortunately, we no longer give advice to other tax professionals gratis.

To receive our free newsletter, contact us here.

Subscribe to our YouTube Channel for more updates.

Alan Olsen, CPA

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

 

 

GROCO.com is a proud sponsor of The American Dreams Show.

 

American-Dreams-Show-Accounting-firm-in-ca-cpa-tax-advisors-groco-alan-olsen

The American Dreams show was the brainchild of Alan Olsen, CPA, MBA. It was originally created to fill a specific need; often inexperienced entrepreneurs lacked basic information about raising capital and how to successfully start a business.

Alan sincerely wanted to respond to the many requests from aspiring entrepreneurs asking for the information and introductions they needed. But he had to find a way to help in which his venture capital clients and friends would not mind.

The American Dreams show became the solution, first as a radio show and now with YouTube videos as well. Always respectful of interview guest’s time, he’s able to give access to individuals information and inspiration previously inaccessible to the first-time entrepreneurs who need it most.

They can listen to venture capitalists and successful business people explain first-hand, how they got to where they are, how to start a company, how to overcome challenges, how they see the future evolving, opportunities, work-life balance and so much more..

American Dreams discusses many topics from some of the world’s most successful individuals about their secrets to life’s success. Topics from guest have included:

Creating purpose in life / Building a foundation for their life / Solving problems / Finding fulfillment through philanthropy and service / Becoming self-reliant / Enhancing effective leadership / Balancing family and work…

Untitled_Artwork copy 4

MyPaths.com (Also sponsored by GROCO) provides free access to content and world-class entrepreneurs, influencers and thought leaders’ personal success stories. To help you find your path in life to true, sustainable success & happiness.  It’s mission statement:

In an increasingly complex and difficult world, we hope to help you find your personal path in life and build a strong foundation by learning how others found success and happiness. True and sustainable success and happiness are different for each one of us but possible, often despite significant challenges.

Our mission at MyPaths.com is to provide resources and firsthand accounts of how others found their paths in life, so you can do the same.

 
Posted in
Energy Sector Investments Unveiled by Invito CEO Steve Blackwell

Energy Sector Investments Unveiled by Invito CEO Steve Blackwell

Steve Blackwell, Founder & CEO of Invito Energy Partners discusses unveiling Oil and Gas investments in the Energy sector on Alan Olsen‘s American Dreams Show. Transcript:   Alan Olsen Hi, this is Alan Olsen and welcome to American Dreams. My guest today is Steve Blackwell. Steve, welcome to do a show.   Steve Blackwell Thank you,…

Dental Business Success Unveiled by Kevin Kremer

Dental Business Success Unveiled by Kevin Kremer

Dr. Kevin Kremer, Founder & CEO of Kremer Leadership Institute discusses unveiling success in the dental business on Alan Olsen‘s American Dreams Show. Dental Business Success Transcript: Alan Olsen Welcome to American Dreams. My guest today is Kevin Kremer, Kevin Kevin, welcome to today’s show.   Kevin Kremer Thanks, Alan. Thanks for having me.  …

Jason Ma on Shaping Next-Gen Leaders

Jason Ma on Shaping Next-Gen Leaders

Jason Ma Discusses Shaping Next-Gen Leaders on Alan Olsen‘s The American Dreams Show Transcript of American Dreams interview titled; “Mentoring The Next Generation“ Transcript: Alan Olsen Welcome to American Dreams. My guest today is Jason Ma. Jason, welcome to today’s program.   Jason Ma Thank you so much for inviting. It’s an honor and pleasure…

Austin Fowler on The Power of Quantum Computing and Ethical Investing

Austin Fowler on The Power of Quantum Computing and Ethical Investing

Austin Fowler Discusses The Power of Quantum Computing and Social Investing on Alan Olsen‘s American Dreams Show., episode  Transcript of American Dreams interview titled; “Empowering Financial Growth and Social Impact with Austin Fowler“. Alan Olsen Hi, this is Alan Olsen and welcome to American communities. My guest today is Austin Fowler. Austin. Welcome to today’s…