March 12, 2010 - In the past, wealthy philanthropists have donated large sums of money to various charities and foundations. These days it is becoming increasingly common for the wealthiest philanthropists to begin their own foundations to target specific problems in the world. They want to be more involved and ensure their foundations are doing what they intend for them to do. These venture philanthropists often take a very hands-on approach and contribute more than simply cash.
The Chronical of Philanthropy creates a list of the top philanthropists and lists their many contributions and accomplishments. In 2009, the Chronical named Stanley and Fiona Druckenmiller, John Templeton, Bill and Melinda Gates, Michael Bloomberg, and Louise Dieterle Nippert as the top 5 philanthropists.
Stanley F. and Fiona B. Druckenmiller
New York investment managers Stanley and Fiona Druckenmiller , donated approximately $705 million to the foundation they formed. The Druckenmiller foundation supports medical research, education and the reduction of poverty in the form of grants. This year, a $100 million grant was given to the Langone Medical Center at NYU to start a neuroscience institute. Previous years have seen the foundation donate sizable grants to the New York Stem Cell Foundation, the Harlem Children's Zone and many other medical related programs. Most of the foundation's donations go to increase research related to stem cells and their use in neuroscience. More
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