The Center on Philanthropy at Indiana University launched a free searchable database, the Million Dollar List,that describes 61,461 publicly-announced charitable gifts of $1 million or more made since 2000.
Charitable Giving can be of large significance to many people when doing their estate planning. Interestingly, The Center on Philanthropy at Indiana University recently released the Million Dollar List, a great tool for empowering the philanthropist and the nosy alike.
This list is a compilation of all available information on publicly-announced charitable gifts of $1 million or more that have been made since 2000. It is further organized by several metrics and into various charts. The list enables searches by state, organization type, and individual donors. Browsing through the list you can find hard data on which fields are underrepresented and which ones are overrepresented, as well as geographical patterns of charitable giving. As a result, you can even take cues from some rather famous philanthropists.
Not surprisingly, Warren Buffet and the Gates family top the list, but that doesn’t mean that there aren’t some interesting statistics. For example, 70% of all reported gifts are made by individuals (as opposed to business entities), and some 6,780 of the gifts were by individuals who made just one gift at or above $1 million. Those individual donors make up only 11% of the gifts, but make up nearly 40% of the dollar amount.
Go ahead and play around with the list tools for yourself. While you are at it, Forbes has an article with some more insights. It’s nice to see gifts working in black and white, and to get a better appreciation for how charity works on such a large scale.
Reference: Forbes (October 5, 2011) “Look Who’s Making (And Receiving) $1 Million-Plus Gifts”