The 2002 Slate 60: Top Pledges

The 2002 Slate 60: Top Pledges

The 2002 Slate 60: Top Pledges

Analysis of the year's biggest philanthropists.
Feb. 17 2003 9:57 AM

The 2002 Slate 60: Top Pledges

The 60 largest American charitable contributions of 2002.

Donors Who Pledged $25 Million or More

Ruth Lilly

Ruth Lilly—a $520 million pledge to Americans for the Arts, Lilly Endowment, Modern Poetry Association, and Ruth Lilly Philanthropic Foundation. Ms. Lilly, 87, is an heiress to the Eli Lilly pharmaceutical fortune. She has created estate plans that provide an estimated $520 million to Indiana nonprofit groups and several arts organizations. Her gifts include: $200 million to establish the Ruth Lilly Philanthropic Foundation, in Indianapolis, to make grants for educational, religious, literary, and scientific purposes throughout Indiana; $120 million to Americans for the Arts, a group in Washington, D.C., that promotes the arts and arts education nationwide; $100 million to the Lilly Endowment, which supports Indiana nonprofit organizations as well as religious programs nationwide; and $100 million to the Modern Poetry Association, a group in Chicago that publishes Poetry magazine.

Thomas S. Monaghan

Thomas S. Monaghan—a $220 million pledge to Ave Maria University and $2.5 million to Ave Maria College. Mr. Monaghan, 66, the founder of the Domino's Pizza chain, pledged $220 million to construct and operate Ave Maria University, near Naples, Fla. The Catholic university is scheduled to open in the fall of 2006. Until then, it will operate an interim campus in Florida under the auspices of Ave Maria College, in Ypsilanti, Mich. Last year Mr. Monaghan gave $2.5 million to support programs at Ave Maria College. In 1998, Mr. Monaghan sold all but 7 percent of his stake in Domino's Pizza for $1 billion. He has pledged to give his entire fortune to charity within his lifetime.

David Geffen

David Geffen—a $200 million pledge to the School of Medicine at the University of California at Los Angeles and $5 million to Geffen Playhouse. Mr. Geffen, 59, a principal partner in the DreamWorks SKG entertainment corporation, in Universal City, Calif., made an unrestricted pledge of $200 million to the School of Medicine at the University of California at Los Angeles. The medical school plans to augment its endowment with the funds. Mr. Geffen paid an undisclosed portion of the gift in 2002. In addition, he gave $5 million to the Geffen Playhouse, a performing-arts theater in Los Angeles, for capital improvements and operating support.

John A. (Jack) Jackson—a $150 million pledge to University of Texas at Austin. Mr. Jackson, 89, a retired oil-and-gas executive who founded the Katie Petroleum Co., in Dallas, pledged at least $150 million in cash and stock to the University of Texas at Austin to support endowments for faculty, graduate students, visiting professors, and conferences. In 2002, he also paid $20 million to endow a new geosciences school and $10 million to help renovate and expand a geology building. The payments complete a $40 million pledge he made in 2001.

Irwin Jacobs

Irwin and Joan Jacobspledges totaling $130 million to the San Diego Symphony and three other groups. Mr. Jacobs, 68, chief executive officer of QualComm, a telecommunications company in San Diego, and his wife, Joan, pledged $120 million to the San Diego Symphony. The gift provides $70 million over 10 years for endowment and operating support, as well as a $50 million pledge in their estate plans for endowment. In addition, the Jacobs pledged $5 million each to La Jolla Playhouse, in San Diego; the Museum of Contemporary Art San Diego; and the Shiley Eye Center at the University of California at San Diego. The Jacobses also gave an undisclosed amount to various other groups.

Eli and Edythe L. Broad

Eli and Edythe L. Broad$100 million in pledges to Broad foundations. Mr. Broad, 69, chairman of SunAmerica, a financial-services company in Los Angeles, and his wife, Edythe, 66, pledged $50 million to the Broad Foundation, in Los Angeles, which supports efforts to improve public elementary and secondary education. In 2002, they paid more than $100 million to the foundation to complete a previous pledge of $300 million. The Broads also pledged $25 million to the Broad Art Foundation, in Santa Monica, Calif., and $25 million to the Eli & Edythe L. Broad Foundation, in Los Angeles.

William H. Goodwin Jr. and Alice T. Goodwin

William H. Goodwin Jr. and Alice T. Goodwin$88.5 million in pledges to six cancer centers. Mr. Goodwin, 62, and his wife, Alice, 58, pledged $88.5 million to six cancer centers around the country through the Commonwealth Foundation for Cancer Research, which they created in 2002. Their commitments include: $25 million to Massey Cancer Center, part of the Virginia Commonwealth University Health System, in Richmond; $20 million to Memorial-Sloan Kettering Cancer Center, in New York; $15 million each to Johns Hopkins University's Oncology Center, in Baltimore, and the University of Texas M.D. Anderson Cancer Center, in Houston; $7.5 million to the Mayo Clinic Cancer Center, in Rochester, Minn.; and $6 million to the Cancer Center at the University of Virginia Health System, in Charlottesville. The couple also contributed an undisclosed amount to other groups. Mr. Goodwin is the chairman and president of CCA Industries, a company in Richmond, Va., with holdings in various industries including hotels, manufacturing, and real estate.

Guy E. and Virginia (Betty) Beatty—a $60 million pledge to Fork Union Military Academy. Mr. Beatty, whose Beatty Companies has developed more than 40 businesses in real estate, music, and entertainment, and his wife, Virginia, pledged $60 million over 30 years to Fork Union Military Academy, in Fork Union, Va., for need-based scholarships. Mr. Beatty has been a trustee of the high school for more than 20 years.

William E. Bindley—a $52.5 million pledge, of which $7.5 million paid in 2002, to Purdue University and $1.5 million to Purdue University and U.S. Ski and Snowboard Team Foundation. Mr. Bindley, 62, the chairman and chief executive officer of Bindley Capital Partners, a private equity firm in Indianapolis and chairman of Priority Healthcare Corp., in Lake Mary, Fla., pledged $52.5 million to Purdue University, in West Lafayette, Ind. Of that, $45 million will support endowments for faculty chairs, student scholarships and fellowships, and academic programs. The remainder, which Mr. Bindley paid in 2002, will be used to construct a bioscience-research center. He also provided $500,000 for a new business-school building at Purdue University and $1 million to endow the U.S. Ski and Snowboard Team Foundation, in Park City, Utah. Mr. Bindley is a Purdue alumnus and a former president of the U.S. Ski and Snowboard Team Foundation.