Four hedge fund managers were among the 50 largest charitable donors in 2010, according to an annual ranking by the Chronicle of Philanthropy.
»» George Soros (#1 with $332 million donated)
»» T. Boone Pickens (#8 with $101 million donated)
»» Bill Ackman (#17 with $59.3 million donated)
»» George Weiss (#49 with $20 million donated)
Overall, the donors on The Chronicle’s list committed a combined total of $3.3 billion, the smallest sum since the publication began to track the biggest donors in 2000. The list measures the cumulative total each individual has given to charitable causes, not simply the biggest donations of the year.
Besides Soros, others in the top five include New York mayor Michael Bloomberg ($279.2 million); South Dakota businessman T. Denny Sanford ($162.5 million); Qualcomm co-founder Irwin Jacobs ($119.5 million); and real estate billionaire Eli Broad ($118.3 million).
Pershing Square Capital Management founder Ackman is also profiled in a related article, “A Brash Hedge-Fund Manager Applies His Tactics to Philanthropy.”