Tuesday, February 10, 2015

"Big Philanthropy" Transformation

GoPro Tech Donors Among Silicon Valley Philanthropy Changers
By Alex Daniels and Maria Di Mento from Philanthropy Today

America’s 50 most generous donors increased their giving by 27.5 percent last year—powered in large part by a $1.5-billion gift from Bill and Melinda Gates and a stunning rise in the number of tech entrepreneurs under 40, three of whom gave more than $500-million each.

The increase is striking compared with 2012, when giving by the Philanthropy 50 rose just 4 percent.

Two of the technology wunderkinder who are transforming the profile of big philanthropy have not previously disclosed the extent of their giving. They are Jan Koum, the 38-year-old founder of the messaging company WhatsApp, who donated $556-million to the Silicon Valley Community Foundation, putting him at No. 4 on The Chronicle’s Philanthropy 50, and Sean Parker, the 35-year-old former Facebook president and founder of Napster, who ranked No. 5 by contributing $550-million, split between his family foundation and a donor-advised fund.

They are followed by Nicholas Woodman, 39, and his wife, Jill, 38, founders of the high-tech camera company GoPro, who donated slightly more than $500-million, also to the Silicon Valley Community Foundation.

The giving by tech donors is outsize compared with that of people in other industries: It represents 47 percent of the $9.8-billion in donations made by the Philanthropy 50, a list based on total charitable contributions a person made in 2014.

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