Advertisement

Amazon CEO Jeff Bezos donates largest gift of 2020

Amazon CEO gave the biggest individual gift in 2020, The Chronicle of Philanthropy reported. File Photo by Yuri Gripas/UPI
Amazon CEO gave the biggest individual gift in 2020, The Chronicle of Philanthropy reported. File Photo by Yuri Gripas/UPI | License Photo

Jan. 5 (UPI) -- Amazon CEO Jeff Bezos topped The Chronicle of Philanthropy's list of 2020 donations with the largest gift.

Bezos, the world's richest person, according to Forbes, donated $10 billion to launch the Bezos Earth Fund to combat climate change in February, which was nearly 10% of his $129.9 billion net worth at the time. The $10 billion gift topped The Chronicle's list of the 10 largest publicly announced gifts of 2020.

Advertisement

So far, Bezos has given $790 million to at least 16 environmental groups through the fund, according to a Chronicle tally.

Aside from Bezos' large gift, overall giving in 2020 was down, with $2.6 billion in contributions overall, a total not seen since 2011.

Bezos also tied with three others in the No. 6 spot for a $100 million donation to Feeding America for its COVID-19 Response Fund. Among them, Facebook CEO Mark Zuckerberg and his wife, Priscilla Chan through their Chan Zuckerberg Donor Advised Fund at Silicon Valley Community Foundation donated $100 million to Center for Tech and Civic Life to ensure safe and reliable voting practices in 2020.

Advertisement

Zuckerberg and his wife, Chan, also earned the No. 4 spot for a $250 million donation to the same charity.

Also tied in the No. 6 spot were Stephen Ross and David Roux. Ross is chairman of the international real estate firm Related Companies and Miami Dolphins owner, who donated $100 million to University of Michigan Ann Arbor to build part of the Detroit Center for Innovation. Roux is co-founder of Silver Lake Partners, a private equity firm, who donated $100 million to establish Roux Institute at Northeastern University.

Nike co-founder Phil Knight, and his wife, philanthropist Penny, who gave $900.7 million to the Knight Foundation, took the No. 2 spot, and the couple also came in the No.3 spot for donating $300 million to the University of Oregon for a variety of programs.

Fred Kummer, founder of HBE Corporation, a construction company, and his wife, June, tied them in the No. 3 spot with a $300 million donation to establish the Kummer Institute Foundation, which supports programs at Missouri University of Science and Technology.

In the fifth spot, Home Depot co-founder Arthur Blank, through his Arthur M. Blank Family Foundation, donated $200 million to Children's Healthcare of Atlanta to build a new hospital.

Advertisement

Two billionaires made significant contributions to charities cumulatively, but didn't make the list because their individual donations were not enough to qualify. Novelist MacKenzie Scott gave more than $4 billion to hundreds of charities. Among her largest donations was a $50 million gift to Prairie View A&M University, a Historically Black College and University, and $50 million gift to RIP Medical Debt, a debt relief charity.

Twitter co-founder Jack Dorsey gave more than $300 million to about 120 non-profits through a donor advised fund with a $20 million donation to community effort to create free COVID-19 testing sites in major metropolitan and rural communities being among his largest individual contributions.

Latest Headlines