A new group of hedge fund managers are now among the nation's
top charitable donors.
photographed last month at Davos
The latest ranking of the "Philanthropy 50" by the
Chronicle of Philanthropy includes just one hedge fund
holdover from last year’s list, George Soros,
who converted his firm to a family office last summer.
Soros fell three spots to fourth place, having donated $335
million to his Open Society Foundations, which supports the
development of democratic institutions in Central and Eastern
Europe and in the former Soviet Union.
John Arnold, CEO of Centaurus Advisors, debuted at 11 on
the list. The 37-year-old and his wife gave $101 million in
2011, mostly to their own foundation, which favors donations to
public charter schools. Bruce Karsh, head of Oaktree Capital
Management, made the list at 29 after pledging $50 million to
Duke University, where he is a trustee.
And Farallon Capital Management’s Thomas Steyer
landed at #33 with a $25 million donation to Yale University
and a $15 million donation to the Center for the Next
Generation, a San Francisco nonprofit that supports
organizations advocating for liberal causes.
Three hedge fund mavens dropped off the ranking from last
year: T. Boone Pickens, Bill Ackman and George Weiss.
George Soros listed as top philanthropist
AR’s The Good Guys profiles