The rich are giving more and now we have news that Jeff Bezoz, the world’s richest person made the single-largest charitable contribution in 2020. According to The Chronicle of Philanthropy’s annual list of top donations. His donation of 10 billion gifts is intended to help fight climate change.
He used the contribution to launch his Bezos Earth Fund. This fund will support non-profits involved in the climate crisis and has already paid out 790 million to 16 groups so far. Jeff Bezos’s wealth surged by 63%, from 113 billion to 184 billion.
Phil Knight and his wife Penny made the second- and third-largest donations last year according to the Chronicle. They gave more than 900 million to the Knight Foundation and 300 million to the University of Oregon.
Fred Kummer, founder of construction company HBE Corporation, and his wife, June, gave 300 million to establish a foundation to support programs at the Missouri University of Science and Technology.
Facebook founder Mark Zuckerberg and his wife, Priscilla Chan, delivered the fourth-largest donation. They gave 250 million gifts to the Center for Tech and Civic Life, which worked on voting security issues in the 2020 election. Arthur Blank, co-founder of Home Depot is in the fifth spot. He gave 200 million through his foundation to Children’s healthcare of Atlanta to build a new hospital.