However, a representative for Zuckerberg points out that this number does not reflect the couple's total giving for In , Facebook had a tumultuous year, and as a result, Zuckerberg took a financial hit.
The Chronicle of Philanthropy's annual list is "based primarily on gifts and pledges of cash and stock to nonprofit organizations. You can find the Chronicle of Philanthropy's full ranking here. Another way is the program being corrupt, a fraud, or worse.
Last fall, one case came to light that I expect every grant-reviewing officer has in the back of their mind as a worst-case scenario: A school in Liberia , funded by eager Western donors, allegedly ignored warning sign after warning sign as a senior staff member assaulted many of the young girls attending the school.
Consistently applied accountability standards could have flagged what was happening at More Than Me , the Liberian organization. A thorough grant reviewer would at least have noticed that the teachers had no teaching experience and the administrators no administrative experience.
To make many more grants, an organization like the Gates Foundation needs to scale up its staff, oversight, and procedures. The Gates Foundation as an existing institution has some huge advantages here compared to any billionaire who wants to do good; a smaller or newer institution would have to develop, from scratch perhaps, the organizational capacity to evaluate grants carefully.
Callahan observes that the difficulty of giving — while a very real challenge any megadonor will run into — can also slide into a justification for ignoring the challenge entirely. There are absolutely high-impact, well-established giving opportunities out there, and many of them can make use of hundreds of millions of dollars in new funding.
Many global health interventions scale well and need more money than they are getting. Charities that work for animals are typically profoundly underfunded. And there are lots of important problems where we still need to fund more basic research. Do you ever struggle to figure out where to donate that will make the biggest impact? Value of Books in Life August 4, Reliance Foundation Hospital rewarding medical staff with extra pay August 4, Berger Paints lends a helping hand to Painter community amidst Covid crisis August 4, Discussion about this post.
Popular Stories. Login Sign Up Cart. Welcome Back! Sign In with Facebook. Bill Gates has been a consistent philanthropist for decades. He has remained extremely wealthy while giving away large amounts of his net worth through steady increases in his financial portfolio.
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