The Forbes Philanthropy Score 2022: How Charitable Are The Richest Americans?

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The Forbes Philanthropy Score 2022: How Charitable Are The Richest Americans?
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How charitable are the richest Americans? Forbes400

To see how philanthropic the ultrawealthy are,assigned a philanthropy score, ranging from 1 to 5, to each member of The Forbes 400. If we couldn’t find any information about a person’s giving and they declined to provide details, they received a score of N/A.

To calculate the scores, we added the value of each person’s total out-the-door lifetime giving to their 2022 Forbes 400 net worth, then divided their lifetime giving by that number. Each score corresponds to a range of giving as a percentage of a person’s net worth. We once again counted onlyrather than cash sitting in billionaires’ private foundations or tax-advantaged donor-advised funds that have not yet made it to those in need. We reached out to every list member for feedback.

Most members of The Forbes 400 received a 1 or a 2, indicating they have donated less than 5% of their fortune to charity so far. Only nine have given away more than 20%, earning them a score of 5: Bill Gates, Melinda French Gates, MacKenzie Scott, Warren Buffett, George Soros, Gordon Moore, Amos Hostetter Jr., Lynn Schusterman and John Arnold.This year’s Forbes 400 is a bit more philanthropic relative to their fortunes, with more people having given at least 1% of their net worth to charity.

to his Bill and Melinda Gates Foundation, which will address gender equity, disease eradication and infant mortality, among other causes; as a result, the foundation is increasing its annual grants to $9 billion in 2026, up from $6.7 billion in 2021. MacKenzie Scott has made big-dollar donations to Planned Parenthood and the Boys & Girls Club of America for $275 million and $281 million, respectively.

Others have a long way to go, as some have admitted. “There’s a lot of work to be done,” 30-year-old crypto billionaire Sam Bankman-Fried

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