As the ranks of America’s super wealthy grow, the roster of major philanthropists is expanding to include not-so-typical megadonors.
Also, Jacklyn Bezos, mother of Amazon founder Jeff Bezos, made her debut on the list with her husband, Miguel. The twoOther Philanthropy 50 first-timers, however, lack the national profile, the Silicon Valley address, or Wall Street credentials that are commonplace in today’s philanthropy world, where such tech and finance titans as Bill Gates, Mark Zuckerberg, and Warren Buffett set the tone. — Edward Avedisian, a retired Boston Pops clarinetist who amassed a fortune trading stocks on the side.
— Gordon and Joyce Davis, who gave $44 million to Texas Tech, where Gordon — who holds a doctorate in meat science — once taught and coached the university’s meat-judging team to a national championship. Altogether, half of the Philanthropy 50 made contributions to organizations that reported the donation as the largest in their history. Also, while big philanthropy is often criticized as being too focused on the coasts and urban areas, half of the 34 gifts to U.S. higher education went to institutions in the country’s interior, some to land-grant universities such as Oregon State, Purdue, and Utah State. The University of Pennsylvania was the lone Ivy League recipient.
Despite the new blood in the top tier of philanthropists, last year’s biggest donors hewed closely to decades-old conventions of charitable giving. At least 14 earmarked contributions to scholarships for high-school or college students — a type of gift that dates back at least 1,000 years. Others worry that the donors are not addressing the country’s biggest problems. Contributions by last year’s 50 biggest donors toward climate change mitigation and solutions, for instance, reached only $195 million — one-tenth of the more than $2 billion directed to scholarships and disease prevention. Only a handful of gifts aimed to close racial disparities.
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