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Warren Buffett, James Simons and Phil Knight are among the top charity donors of 2023

Warren Buffett, James Simons and Phil Knight are among the top charity donors of 2023

ABC News
Tuesday, January 02, 2024 03:51:03 PM UTC

Investment guru Warren Buffett topped The Chronicle of Philanthropy's annual list of the biggest charitable donations in 2023, with his $541.5 million gift to the Susan Thompson Buffett Foundation, named for his first wife, who died in 2004

The Chronicle of Philanthropy's annual list of the biggest charitable donations from individuals or their foundations totaled more than $3.5 billion in 2023. Four universities received big gifts in 2023, along with four scientific research institutes and a health-care system. The other gifts went to a family foundation and a racial-justice group.

The list has 11 gifts because of ties. Eight of the donors are multibillionaires, and their combined net worth is $305.1 billion.

Topping the list is a gift from the investment guru Warren Buffett, whose net worth is estimated by Forbes at roughly $119 billion. He gave 1.5 million shares of Berkshire Hathaway Class “B” stock valued at $541.5 million to the Susan Thompson Buffett Foundation, named for his first wife, who died in 2004.

Buffett created the grantmaker in 1964 to manage the family’s charitable giving, and it remains a family affair. Two of his three children serve on its board, and it is led by his former son-in-law. The foundation primarily backs women’s reproductive health. It also provides college scholarships for students in Nebraska, where the family is from.

The donation is a special contribution that Buffett announced in November rather than one of the annual contributions he makes to the foundation and several other grant makers, which are payments toward multibillion-dollar pledges he announced in 2006.

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