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Zuckerberg’s donation biggest charity gift
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Mark Zuckerberg and his wife, Priscilla Chan, were the most generous American philanthropists in 2013, with a donation of 18 million shares of Facebook stock, valued at over US$970 million, to a Silicon Valley nonprofit body in December.
The Chronicle of Philanthropy reported yesterday that Zuckerberg’s donation was the largest charitable gift on the public record in 2013 and put the young couple at the top of the magazine’s annual list of 50 most generous Americans last year.
The top-50 contributors made donations last year totaling US$7.7 billion, plus pledges of US$2.9 billion.
The Chronicle’s editor says the most significant fact from the list was the amount of money coming from living donors, which totaled about the same amount as the two previous years combined.
“It’s a sure sign that the economy is getting better and people are getting a lot less cautious,” said Stacy Palmer, Chronicle editor.
Some of the nation’s biggest givers do not appear on the 2013 list, not because they stopped being generous, but because their donations in 2013 were counted as pledges in previous years.
For example, Microsoft co-founder Bill Gates and his wife, Melinda, gave their foundation slightly more than US$181.3 million last year, but they were paying off a pledge of about US$3.3 billion they made in 2004. CNN-founder Ted Turner and Berkshire Hathaway Chairman Warren Buffett also made large gifts toward previous pledges.
It took gifts totaling at least US$37.5 million to make the list this year. Forty-two of the top 50 made gifts of US$50 million or more.
Thirty made big gifts to colleges and universities, but Palmer noted most college gifts went to science and research this year, not to buildings, as in previous years.
Ten of the 50 made the list because of bequests after their deaths, including the second-biggest giver in 2013, George Mitchell of Texas who made his fortune in energy and real estate.
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