How America’s richest donate their money
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How America’s richest donate their money
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Every year, publications like Forbes release lists detailing the generosity of society’s richest philanthropists. But the raw numbers of their donations don’t tell the whole story of how ultra-wealthy charitable giving tends to work. We took that data and put it on a big chart that highlights exactly how much of each billionaire’s personal wealth is going toward charitable giving.
This episode outlines how wealth inequality creates a distorted view of the generosity of America’s billionaires. We examine the causes their money goes to support, like education and public health. And we break down the actual methods they use to move massive amounts of donated money around, like foundations and secretive donor-advised funds.
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