List of Wealthiest Charitable Foundations and Their Area of Focus
Here are some of the wealthiest foundations which are listed according to their net assets.
Bill and Melinda Gates Foundation
The foundation is said to have $40 billion worth of assets. The figure is taken from the reports derived from Microsoft and diversified investments. The first area of focus of this foundation is to uplift the world’s poorest people from poverty and hunger.
The second area that the foundation focuses on is to fund different science and technology projects aiming to save the lives of people who reside in developing countries. The third goal of the organization is to improve the condition of U.S. high schools and to support the vulnerable families that live in Washington. The last area of focus of the organization is to build strategic relationships in order to promote their policies to help advance their work.
The Ford Foundation
The ford foundation’s value is recorded at $12.14 billion. It was built in 1936 by Henry Ford and his son Edsel of Ford Motors. The main motto of the organization is to promote human welfare. In 1969 the organization donated around $1 million to the children T.V. workshop to make a new program, called Sesame Street.
Jean Paul Getty Trust
Jean Paul Getty is known to be the first one to discover oil in Saudi Arabia. He has his image as being cheap despite being the wealthiest person on earth. He was the first person to reach the $1-billion milestone in the form of net assets. The foundation has donated the most cherished works of art to the Getty Museums in Los Angeles.
The Robert Wood Johnson Foundation
This foundation was established in the year 1972 by Robert Wood Johnson, whose father was the one who co-founded the Johnson & Johnson. The organization is known to be the most prominent with the total value of $9.5 billion and operates in the U.S. Its main and sole focus is to make American lives better.
The main area of focus of this organization is health care. So far, it has donated almost $400 in grants to numerous healthcare institutions which are researching childhood obesity, poverty, and spends on polishing the skills of nurses and doctors.
The William and Flora Hewlett Foundation
The foundation is famous for supporting the educational as well as cultural institutes and has $8.6 billion in assets. Every year the foundation gives away almost $300 million in the form of grants. Most grants are actually under $1 million, but the foundation has sometimes donated substantial gifts to UC Berkeley, Stanford University as well as the Climate Works Foundation.
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