Who donates to charities in the United States?

The Bill & Melinda Gates Foundation, the largest in the US, is donating millions to end polio, to improve the education system in the US and many causes at home and abroad. Billionaire Warren Buffet directs his billions of dollars through Bill & Melinda Gates Foundation. Art lover Alice Walton, heiress to the Wal-Mart retail stores, built a world class museum in a small-town in Arkansas. The Intel co-founder Gordon Moore is donating more than $250 million to build the world’s largest telescope in Hawaii. These are only few notable donations and foundations that are giving for worthy causes. Don’t forget the millions of others who are donating to various other causes at home and abroad. Then there are wealthy donors who take careful cover not to reveal their identity or the size of their donations. Many wealthy donors who want to be anonymous create several layers of legal entities to hide their identity from reporters and others.

Charitable giving is tax deductible in the United States. A Congressional panel estimates that the Department of the Treasury losses more than $43.6 billion in revenue every year due to charitable giving deduction. You can easily find a charity that caters to your special cause.