The 2002 Slate 60: Top Donations

The 2002 Slate 60: Top Donations

The 2002 Slate 60: Top Donations

Analysis of the year's biggest philanthropists.
Feb. 17 2003 9:55 AM

The 2002 Slate 60: Top Donations

The 60 largest American charitable contributions of 2002.

Donors Who Gave $25 Million or More

Walter H. Annenberg

Walter H. Annenberg—a bequest of $1 billion worth of art to the Metropolitan Museum of Art and a $375 million bequest and 392-acre estate to the Annenberg Foundation. Mr. Annenberg, a publisher and former U.S. ambassador to Britain who died in October at age 94, left 53 Impressionist and Post-Impressionist paintings collectively valued at $1 billion or more to the Metropolitan Museum of Art, in New York. He also left a bequest of between $375 million and $425 million to the Annenberg Foundation, in St. Davids, Pa. In addition to the monetary bequest, the foundation will receive Sunnylands, Mr. Annenberg's 392-acre estate in Rancho Mirage, Calif., for use as a museum. The foundation, which primarily supports efforts to improve education and communication, had $2.35 billion in its endowment at year end. In 2002, the foundation made grants totaling $383 million, including $100 million each to the schools of communication at the University of Pennsylvania and the University of Southern California. Both schools are named after Mr. Annenberg.

Herchel Smith—a $184.7 million bequest to Harvard and Cambridge universities and three other groups. Dr. Smith, who died in 2001 at age 76, left an estimated $90 million to Cambridge University, in England, and $70 million to Harvard University, in Cambridge, Mass. Dr. Smith was a pharmaceuticals researcher who helped develop and owned numerous patents on the first birth-control pills. His gift to Cambridge University is the largest in history made by an individual to a public British university. His bequests to Cambridge and Harvard universities will primarily support endowed professorships in the sciences, as well as an exchange program for graduate fellows between the universities. Dr. Smith's other gifts include: $9,819,290 to Emmanuel College at Cambridge University for fellowships and graduate-exchange programs in the sciences with Harvard University and the University of London; $9,441,625 to the University of London's Queen Mary & Westfield College for professorships and general support; $2,250,000 in cash and $1,912,339 in art to Williams College, in Williamstown, Mass.; and $1,274,892 to create a fellowship in gastroenterology at Pennsylvania Hospital, in Philadelphia.

David A. Harrison III—a $122.5 million bequest to the University of Virginia at Charlottesville and Episcopal High School. Mr. Harrison, a retired lawyer, investment banker, and farmer who died in June at age 85, left $114 million to the University of Virginia, in Charlottesville. The bequest provides $64 million for endowed professorships in the schools of law and medicine and a $50 million trust, to be paid over 25 years. Mr. Harrison earned his bachelor's and law degrees at the university in 1939 and 1941, respectively. In addition, Mr. Harrison left $8.5 million to Episcopal High School, in Alexandria, Va., which he and two of his sons attended.

Eli and Edythe L. Broad

Eli and Edythe L. Broad$102.5 million to Broad Foundations and Los Angeles Performing Arts Center. Mr. Broad, 69, chairman of SunAmerica, a financial-services company in Los Angeles, and his wife, Edythe, 66, contributed $101,112,000 to the Broad Foundation, in Los Angeles, which supports efforts to improve public elementary and secondary schools. The gift raised the foundation's endowment to $400 million. The Broads also gave $915,000 to help construct the Disney Concert Hall, at the Los Angeles Performing Arts Center, and $500,000 to the Broad Art Foundation, which lends its collection of more than 700 works of art to museums around the world.

Robert Edward (Ted) Turner

Robert Edward (Ted) Turner—$91.1 million to U.N. Foundation, Nuclear Threat Initiative, Better World Fund, and others. Mr. Turner, 64, is founder of CNN and Turner Broadcasting System and vice chairman of AOL Time Warner, in New York, a position from which he will resign in May 2003. Last year he gave $60 million to the U.N. Foundation, in Washington, which he founded in 1997 to support the work of the United Nations. To date, Mr. Turner has paid $372,907,342 of his $1 billion pledge to the organization. He also gave $16 million to the Better World Fund, a group in Washington he created to educate people about the work of the United Nations, and $15 million to the Nuclear Threat Initiative, in Washington, which works to reduce the global threat posed by nuclear arms and other weapons of mass destruction. Mr. Turner created the group in 2001 with a $250 million pledge. He also contributed $130,000 to other groups.

Paul G. Allen

Paul G. Allen$73.7 million to Allen foundations and other groups. Mr. Allen, 50, co-founder of Microsoft and founder and president of Vulcan Inc., an investment firm in Seattle, financed more than $36 million in grants by his six charitable foundations in 2002: $14,593,450 through the Paul G. Allen Forest Protection Foundation; $12,168,396 through the Paul G. Allen Charitable Foundation; $6,542,118 through the Allen Foundation for the Arts; $1,443,404 through the Allen Foundation for Music; $1,050,000 through the Paul G. Allen Foundation for Medical Research, which supports groups across the country; and $270,000 through the Paul G. Allen Virtual Education Foundation. The foundations, based in Seattle, primarily support nonprofit programs in the Pacific Northwest. In 2002, Mr. Allen also gave $37,636,432 in personal contributions to other groups, including a $14 million gift to the University of Washington at Seattle to help construct a building for the Department of Computer Science and Engineering.

Ward Buchanan—a $52.6 million bequest to the University of Virginia Health System. Mr. Buchanan's $52.6 million bequest to the University of Virginia Health System, in Charlottesville, is the result of estate plans made more than 60 years ago. Mr. Buchanan, who died in 1942, graduated from the university's law school in 1914 and went on to become an executive with Procter & Gamble. The university received the funds in 2002, following the death of Mr. Buchanan's last remaining heir. The funds will be used to create an unrestricted endowment for the University Medical Center.

Jack C. Taylor$47.3 million to five nonprofit groups. Mr. Taylor, 80, founded the Enterprise car-rental service, which he named after the USS Enterprise, the aircraft carrier he served on during World War II as a fighter pilot. He gave $47.3 million to five nonprofit groups in 2002: $15 million to Missouri Botanical Garden, in St. Louis, for plant research worldwide; $12.5 million to Washington University, in St. Louis, to endow scholarships for black or financially needy students; $10 million to the Naval Aviation Museum Foundation, in Pensacola, Fla., to help create the National Flight Academy, which will provide weeklong instruction programs to middle- and high-school students in areas of math and science that are closely related to aviation; $7.8 million to the St. Louis Symphony Orchestra for general operating support; and $2 million for renovations and other improvements at Forest Park, in St. Louis.

Peter B. Lewis

Peter B. Lewis$47.2 million to Princeton University and other groups. Mr. Lewis, 69, chairman of Progressive Corp., an insurance company in Mayfield Village, Ohio, gave $15 million to Princeton University, in New Jersey, to help build a science library and support the library's programs, as part of a $60 million pledge made in 2001. He gave $150,000 to support other programs at the university. In 2002, Mr. Lewis also donated $12 million to the Solomon R. Guggenheim Museum, in New York, to pay existing debts and reduce the principal on an outstanding bond issue. The gift came with the condition that the museum significantly cut its proposed budget. Mr. Lewis also gave $9.9 million to Case Western Reserve University, in Cleveland, to help construct a building for the university's business school. In 2002, Mr. Lewis announced that he would withhold future gifts to all Cleveland nonprofit groups in protest over the ballooning cost of the business school's construction; he has demanded the resignation of the university's entire board of directors, many of whom serve on the boards of other nonprofit groups in Cleveland. Last year, Mr. Lewis also gave $2 million to augment the endowment of the American Civil Liberties Union Foundation, in New York, as part of a $15 million pledge made in 2000, and $8.1 million to other groups.