SAN ANTONIO AREA FOUNDATION; ROSE LINCOLN, HARVARD UNIVERSITY; JOHN LAMPARSKI/WIREIMAGE
The late Texas businessman John Santikos, hedge-fund mogul John Paulson, and industrialist David Koch gave some of the largest gifts to nonprofits in 2015.
By Maria Di Mento
The size of the biggest gifts from rich donors and their foundations fell significantly in 2015 compared with 2014, according to an analysis by The Chronicle.
The biggest gift of 2015 was a bequest from the Texas businessman John Santikos, who left property, assets, and cash worth about $605 million to the San Antonio Area Foundation. The money will create a fund that will support five causes: people in need, especially the elderly and victims of child abuse and disasters; youth and education; public libraries, parks, and museums; health care; and medical research. He was 87 when he died late in 2014.
The second-largest gift was $400 million, and the size of the largest gifts in 2015 fell substantially from there. Donors were particularly fond of the $100-million figure in 2015, with 13 gifts clocking in at that amount.
In comparison, the 2014 list was topped by a $1-billion bequest, followed by gifts of $650 million, $500 million, and $350 million.
Chan-Zuckerberg’s Big Promise
While the donations from the wealthy were somewhat lackluster, 2015 could end up going in the philanthropic record books anyway. In December, Mark Zuckerberg and his wife, Priscilla Chan, announced they plan to dedicate 99 percent of their Facebook shares — currently worth about $45 billion — to making the world a better place. None of that pledge has been committed to specific nonprofits yet, so the announcement didn’t qualify for The Chronicle’s list.
Still, the odds are good that the couple will send significant sums to charitable organizations in coming years. (See how Dr. Chan says the couple plans to spend the money in questions she answered exclusively for The Chronicle.)
Meanwhile, Mr. Zuckerberg and Dr. Chan continued to give in 2015 through their donor-advised fund at the Silicon Valley Community Foundation. One of their larger grants in 2015, $75 million to San Francisco General Hospital for a trauma center, appears on The Chronicle’s list.
Universities Win Big
The $400-million pledge on this year’s list was from the hedge-fund mogul John Paulson and his wife, Jenny, to Harvard University. The money will endow the university’s School of Engineering and Applied Sciences and will support faculty, financial aid, and research.
News of Mr. Paulson’s donation unleashed a torrent of criticism. Commentators objected to his decision to devote so much money to a wealthy university like Harvard — whose endowment stands at $36 billion — rather than to human services groups and others that help the needy. Both the university and the Paulsons remained silent in the face of such critiques.
The third-largest donation was the $177-million grant from Chuck Feeney’s Atlantic Philanthropies. That contribution established the Global Brain Health Institute, which will be run by the University of California at San Francisco and Trinity College in Dublin, Ireland.
Of the 24 gifts on The Chronicle’s list, 16 went directly to universities to support scholarship on a range of topics, such as global conflict resolution and brain research, as well as financial aid for students and new buildings.
Another big bequest, $125 million from the Seattle businessman Donald Sirkin, went to LightHouse for the Blind and Visually Impaired. Officials at the San Francisco group said they had never heard of Mr. Sirkin and were shocked when a lawyer from his estate contacted the charity to say it was the main beneficiary of Mr. Sirkin’s fortune.
The Chronicle’s annual ranking is based on the 10 biggest publicly announced single gifts; often more than 10 gifts appear on the list because of ties, as was the case this year.
The tally does not include donations of artwork or gifts from anonymous donors.
In February, The Chronicle will unveil its annual ranking of the 50 most-generous donors, a list based on total donations in 2015, not just single gifts, and not just those announced to the public.
This story was originally published here.
