Three billionaires donated a total of $3.1 billion, marking a record $6 billion in U.S. charitable giving in 2024.

In 2024, a record $6 billion in charitable donations was reported, with half coming from three $1 billion gifts. Reed Hastings and his wife donated $1.1 billion to their fund at the Silicon Valley Community Foundation. Michael Bloomberg gave $1 billion to Johns Hopkins University for free medical education, and Ruth Gottesman donated $1 billion to Albert Einstein College of Medicine for free tuition. These gifts highlight a focus on financial aid and education support.

December 17, 2024
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