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SOFTWARE INDUSTRY NEWS |
Paul Allen to donate bulk of his fortune to charity |
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Philanthropist Paul G. Allen commemorated two decades of philanthropy by announcing special grants totaling $100,000 awarded to founders of notable nonprofit organizations in the Pacific Northwest. He also announced that he would leave the majority of his fortune to charity in order to continue his philanthropic efforts after his lifetime.  “Today I also want to announce that my philanthropic efforts will continue after my lifetime,” he said in a statement. “I’ve planned for many years now that the majority of my estate will be left to philanthropy to continue the work of the Foundation and to fund non-profit scientific research, like the ground breaking work being done at the Allen Institute for Brain Science. As our philanthropy continues in the years ahead, we will look for new opportunities to make a difference in the lives of future generations.”Celebrating 20 years of philanthropy, the Paul G. Allen Family Foundation also awarded $3.9 million to 41 nonprofits as part of its first round of grants this year. Launched by Paul and Jo Lynn Allen in 1990, The Paul G. Allen Family Foundation is dedicated to transforming lives and strengthening communities by fostering innovation, creating knowledge and promoting social progress. Over the last two decades, Allen’s contributions to the Foundation have resulted in over 3,000 grants totaling over $400 million. He also provided $600 million directly to nonprofits he has founded, including the Allen Institute for Brain Science and the Experience Music Project, for a total of over $1 billion in personal giving. “Since the beginning, our philanthropy has been focused in the Pacific Northwest, where I live and work,” Allen said. “I’m proud to have helped fund great work done by non-profit groups throughout the region. But there’s always more to do. There are many challenges, both here in the Northwest and around the world that I know will keep us looking for ways to help. Image: Vulcan.com |
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