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The Most Generous Philanthropists of 2005: Who They Are ... and Where All Their Money Came From
Stock Option Trading While the more than $4 billion in donations is a hefty sum, Americans gave much less in 2005 than in 2004, when more than $10 billion in donations were given.
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Currency Day Trading "There remains a tremendous amount of money in the woodwork that could be philanthropic," says H. Peter Karoff, founder of the Philanthropic Initiative, a Boston-based group that advises donors. "People continue to hold back -- one reason, not being sure how they can make a difference."
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Financial Software Trading "Americans were incredibly generous," says David L. Giunta, president of the Fidelity Charitable Gift Fund in Boston, "[but] we are certainly not back in the roaring late '90s."
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Online Stock Trading Company Most Donations Given to Higher Education
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Forex Day Trading Colleges and universities were the biggest "winners" in last year's donations, receiving 44 gifts. The next highest category for donations was hospitals and medical centers, which received 18 gifts.
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Financial In Market Four donors gave to Stanford University in California, making it the educational institution that received the most charity in 2005. Their gifts included a $30-million pledge from Robert M. and Anne T. Bass for the business school.
Stock Trading System Public universities and even community colleges are also benefiting from donations. The University of Maryland at College Park, for instance, received three $30-million pledges from three of its alumni to form a new bioengineering department and support other existing programs.
Day Trading Stock Tip Says Brodie Remington, Maryland's vice president for university relations, "State funding for public higher education is on the decline. If we are to be a top-quality university, which is absolutely our goal, and continue to have affordable access, the difference is going to be philanthropic support."
Financial Forex Forex Software The Top Two Donors of 2005
Stock Market Trading Placing first on the list of most generous donors is the late Cordelia Scaife May, who left $404 million in cash and property. The bulk of the donation went to her foundation, the Colcom Foundation in Pittsburgh, which supports the environment, stricter immigration limits in the United States and other causes. The foundation was named for one of May's favorite books, "Cold Comfort Farm."
Day Lesson Stock Tip Trading May also willed about $3-million worth of 34 acres of pasture and 35 acres of waterfront property to the Nature Conservancy of Hawaii. She also donated a $1 million plot to the National Tropical Botanical Garden in Kauai, Hawaii.
Financial System Trading "My sister was an extraordinarily generous individual during her lifetime, contributing to a variety of causes," said Dick Scaife, May's brother. "I am pleased to see both her generous spirit and the recognition of it extended beyond her life."
Day Trading Future May inherited her money from the Mellon banking fortune.
Financial Forex Market Trading Bill Gates, chairman of Microsoft, and his wife, Melinda, placed second on the list (a notch down from their number one ranking in 2004). Their donation was a $320-million payment of their 2004 pledge of $3.35-billion to their foundation.
Online Trading Stock And The Bill & Melinda Gates Foundation supports education, global health, libraries and charities in the Pacific Northwest.
Day Trading Software The Top 15 Donors
Financial Market Science Following are the top 15 donors of the 63 most-generous philanthropists of 2005, from the Chronicle of Philanthropy's survey.
Stock Trading Software 1. Cordelia Scaife May
Source of wealth: Family wealth
Donation: $404 million (bequest)
Biggest beneficiary: Colcom Foundation
Other key beneficiaries: Nature Conservancy of Hawaii,
National Tropical Botanical Garden
Background: Mrs. May inherited money from the Mellon
banking fortune.
Emini Day Trading 2. William H. (Bill) III and Melinda F. Gates
Source of wealth: Technology
Donation: $320 million
Beneficiary: Bill & Melinda Gates Foundation
Background: Mr. Gates is co-founder and chairman of Microsoft and
both are top officials of their foundation, created in 2000.
Financial Sales Services 3. Eli and Edythe L. Broad
Source of wealth: Finance,
real
estate
Donation: $300 million
Biggest beneficiary: Broad Foundations
Other key beneficiaries: Broad Medical Research Program,
California Institute of Technology, Harvard University, Los Angeles
County Museum of Art, University of California at Los Angeles
Background: Mr. Broad is founding chairman of KB Home Corporation
and SunAmerica in Los Angeles.
Forex Day Trading System 4. George Soros
Source of wealth: Finance
Donation: $240.1 million
Biggest beneficiary: Central European University
Other key beneficiary: Open Society Institute - Baltimore
Background: Mr. Soros chairs Soros Fund Management, a hedge
fund-management firm in New York, and the Open Society Institute, a
network of foundations.
Financial Services Trading 5. Boone Pickens
Source of wealth: Oil, investments
Donation: $229.2 million
Biggest beneficiary: Oklahoma State University
Other key beneficiaries: American Red Cross, Ronald Reagan
Presidential Library Foundation, Texas Scottish Rite Hospital for
Children
Background: Mr. Pickens founded Mesa Petroleum and BP Capital
Management in Dallas.
Online Stock Trading Canada 6. David Rockefeller
Source of wealth: Family wealth
Donation: $225 million
Biggest beneficiaries: Museum of Modern Art, Rockefeller
University
Other key beneficiary: Rhode Island School of Design
Background: Mr. Rockefeller retired as chairman of Chase Manhattan
Bank and has an inheritance from the Standard Oil Company
fortune
Beginner Guide To Online Day 7. Michael Bloomberg
Source of wealth: Media and entertainment
Amount: $144 million
Beneficiaries: Arts, education, health care, and social services
charities
Background: Mr. Bloomberg is the mayor of New York and founded
Bloomberg L.P., a financial-data and news-service business.
Financial Portfolio Trade 8. Pierre and Pam Omidyar
Source of wealth: Technology
Donation: $133.7 million
Biggest beneficiary: Tufts University
Other key beneficiaries: HopeLab, Omidyar Network
Background: Mr. Omidyar is the founder and chairman of eBay; Ms.
Omidyar is founder and chairwoman of HopeLab, which develops
technology to help chronically ill children.
Online Broker Day Trading 9. Ira A. and Mary Lou Fulton
Source of wealth: Real estate
Donation: $122 million
Biggest beneficiary: Arizona State University Foundation
Other key beneficiaries: Brigham Young University, Huntsman Cancer
Foundation
Background: Mr. Fulton is the chief executive officer of Fulton
Homes, a real estate-development company in
Tempe, Ariz.
Financial Future Trading 10. Lawrence J. Ellison
Source of wealth: Technology
Donation: $115 million
Beneficiary: Harvard University
Background: Mr. Ellison is chief executive officer of the Oracle
Corporation, a computer-software company in Redwood Shores,
Calif.
Stock Market Trading Tip 11. Jan T. and Marica F. Vilcek
Source of wealth: Health products
Donation: $109 million
Biggest beneficiary: New York University School of Medicine
Other key beneficiary: Vilcek Foundation
Background: Dr. Vilcek is a professor at NYU's medical school and
Ms. Vilcek is an art historian.
Day Trading Strategy 12. David and Cheryl Duffield
Source of wealth; Technology
Donation: $95 million
Biggest beneficiary: Maddie's Fund, an animal-welfare foundation
in Alameda, Calif., which they started in 1999.
Background: Mr. Duffield founded the PeopleSoft computer-software
company.
Online Stock Trading Game 13. Josephine F. Ford
Source of wealth: Family wealth
Donation: $90.9 million (bequest)
Biggest beneficiary: College for Creative Studies
Other key beneficiaries: Detroit Institute of Arts, Maine Coast
Heritage Trust
Background: Ms. Ford -- the only granddaughter of Henry Ford, the
founder of the Ford Motor Company -- inherited her wealth from the
Ford Motor Company fortune.
Day Trading System 14. T. Denny Sanford
Source of wealth: Finance
Donation: $70.6 million
Biggest beneficiary: Sioux Valley Hospital
Other key beneficiary: Mayo Foundation
Background: Mr. Sanford is CEO of United National Corporation,
First Premier Bank, and Premier Bankcard, in Sioux Falls, S.D.
Day Trading Signal 15. Robert Edward (Ted) Turner
Source of wealth: Media and entertainment
Donation: $70.6 million
Biggest beneficiaries: Better World Fund, United Nations
Foundation
Other key beneficiaries: Nuclear Threat Initiative, Peace Parks
Foundation, Turner Foundation
Background: Mr. Turner is founder of CNN and TBS, and chairman of
Turner Enterprises.
India Online Stock Trading Some may also be interested to know that one other well-known donor, Oprah Winfrey, is ranked 22nd for her $51.8-million donation to the Oprah Winfrey Foundation, Oprah's Angel Network and Oprah Winfrey Operating Foundation.
Day Trading Rule Why Donate to Charity?
Day Trading Tip Donating money to a favorite cause is a great morale booster for you -- after all, you know that you will be serving to help others in need. Donating your time by volunteering is another selfless way to give -- and one that's full of return benefits as well.
Online Stock Trading Review Along with learning something new, giving yourself an opportunity to make new friends, qualifying for tax deductions, and boosting your confidence and self-esteem, donating your time can actually help to improve your health.
Day Trading Firm Allan Luks, author of "The Healing Power of Doing Good," describes a "helper's high" that is similar to the high we feel after exercising. And, Luks maintains that volunteering provides:
-
On Line Stock Trading A heightened sense of well-being
-
Day Trading Book Relief from insomnia
-
Forex Stock Trading A stronger immune system
-
Stock Market Day Trading Speedier recovery from surgery
Online Stock Trading Site Not sure how to help? Check out Charity Navigator http://www.charitynavigator.org/ for some top-rated charities in your area that may be looking for volunteers and/or donations today.
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