Ranking America’s Billionaires By How Much – Or How Little – They Give Away …

Hundreds of billions of dollars sit in Forbes 400 members’ private charitable foundations. But because the IRS effectively requires them to pay out only a tiny fraction each year, just a sliver of that sum is deployed annually to causes and communities in need. To shine a light on the billionaires who are putting their philanthropic dollars to work, we’ve changed the methodology for The Forbes 400 philanthropy score. Instead of counting the dollars that list members have put in their foundations over a lifetime, we tallied the grants made by those foundations (technically, “adjusted qualifying distributions”), plus direct gifts we could track, to estimate how much The Forbes 400 has actually given away….


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