If you had billions of dollars, you would finally have an excuse to sit back and relax as you let others do all the hard work. For many of the top billionaires in the United States, they believe in using their money to help others. These wealthy men and women established foundations and nonprofit organizations devoted to helping people across the country and in some foreign countries too. Though Bill Gates and his wife top the list of those who give back, you might find yourself surprised at some of the others who made the list.
No list of rich Americans is complete without the name Warren Buffet. As CEO of Berkshire Hathaway, Buffet brings home billions every year and ranks as the second richest person in the country. The CEO made headlines when he announced that he would donate much of his money to charities upon his death rather than give money to his own family. Buffet cares greatly about others, which is why he made major donations to two of the nonprofit organizations operated by his own family: the Susan Thompson Buffet Foundation and the Howard G. Buffet Foundation.
Bill Gates and his wife Melinda founded the Bill & Melinda Gates Foundation to help those in poverty stricken parts of the world. Though the foundation is private, it accepts donations from those interested in giving back. The Gates donated nearly $30 billion of their own money, and the organization has more than $40 million at its disposal. The foundation offers financial help that assists others in setting up their own banking accounts and provides some with grants to help them improve their lives. It also assisted in the development of clean drinking water and with improving sanitation across the globe.
Bob Parsons Godaddy founder and his wife Renee started the Bob & Renee Parsons Foundation to help those living in their native Phoenix. The foundation offers grants to state and local organizations and programs that provide residents with better access to health care, education and nutrition. Since launching the foundation, the couple expanded their efforts to help people in Haiti with an organization called Hope for Haiti. This organization provides more opportunities for those living in more rural parts of the country and provides them with better medical care and schools.
Michael Bloomberg was the Mayor of New York and is worth an estimated $19.5 billion. While still holding a political office, Bloomberg also established his own foundation called Bloomberg Philanthropies. His foundation strives to improve five key areas: education, government, arts, environment and health care. From 2005 to 2011, the organization donated more than $1 billion to organizations and charities in need. While some of that money went to charities in New York City, the funds also went to groups across the country. Bloomberg, Buffet and the other billionaires on this list donated billions of dollars to organizations and individuals in need around the world.