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According to a recent report on publicly announced giving compiled by The Chronicle of Philanthropy – an organization that publishes news and resources on philanthropy – there were twelve donations given by wealthy donors that surpassed $100 million, plus another six that totaled $100 million exactly.

The two largest donations – for $500 million each – came from Nike cofounder Phil Knight and his wife Penny, and investor-philanthropist Nicolas Beggruen.

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Phil Knight~

Knight, a billionaire whose net worth Forbes estimates at $24.9 billion (making him the 18th wealthiest person in the United States), made his high-value gift to the University of Oregon – his alma mater – to establish there a new center for scientific research. Berggruen, with an estimate worth of $1.73 billion, donated to his own public policy think-tank, the Berggruen Institute.

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Nicolas Berggruen~

The second most valuable donation, a $400 million pledge, was also made by Mr. and Mrs. Knight. This trove of charity went to Stanford University to establish the Knight-Hennessy Scholars Program, which provides education to 100 graduate high achieving students every year.

Also providing a $400 million gift to a good cause was physician Howard Marcus and wife Lottie, an investor, who directed their money in the form of a bequest to American Associates, Ben-Gurion University of the Negev for endowment and water research. The donation was the largest ever to an Israeli university.

Former New York City Mayor Michael Bloomberg made a large charitable impact, The billionaire’s philanthropic organization gave $360 million to handful of organizations and an additional $300 million donation to The Johns Hopkins University, Bloomberg School of Public Health, to establish the Bloomberg American Health Initiative.

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Steven Cohen and wife Alexandra pledged $275 million last year to start the Cohen Veterans Network to provide mental-health services to former service members and their families. Cohen, whose net worth FORBES estimates at $13 billion, built his wealth in hedge funds.

Facebook founding president, Sean Parker, makes an appearance on the list of top donors of 2016, with a $250 million gift to establish the Parker Institute for Cancer Immunotherapy.

Oracle founder, Larry Ellison, made the list as well, pledging $200 million to the University of Southern California, to establish the Lawrence J. Ellison Institute for Transformative Medicine.

Legendary investor and Berkshire Hathaway vice chairman Charlie Munger pledged $200 million to the University of California at Santa Barbara, for new student housing.

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Sanford Weill, chairman emeritus of Citigroup, and his wife, Joan, donated $185 million to the University of California at San Francisco, to start the Weill Institute for Neurosciences.

Facebook COO Sheryl Sandberg donated $107.2 million to the Fidelity Charitable, for the Sheryl Sandberg & Dave Goldberg Fund.

Microsoft cofounder Paul Allen pledged $100 million to establish the Paul G. Allen Frontiers Group.

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Billionaire Phillip Frost, a physician and pharmaceutical company executive, and his wife, Patricia, pledged $100 million to the University of Miami, to support applied sciences and engineering.

David Geffen, a cofounder of DreamWorks Studios SKG and founder of Geffen Records, pledged $100 million to the Museum of Modern Art in New York, to renovate and expand the museum.

Netflix founder, Reed Hastings, gave $100 million to the Silicon Valley Community Foundation, to establish the Hastings Fund.

Robert King, founder of Peninsula Capital, and his wife, Dorothy, pledged $100 million to Stanford University, for scholarships for students from underdeveloped countries.

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Mortimer Zuckerman, a cofounder of Boston Properties, a real-estate investment trust, donated $100 million to create the Mortimer B. Zuckerman Scholars Program in STEM Leadership to bolster collaboration between top U.S. and Israeli researchers.

 

By Karsten Strauss

 

MICHAEL CHADWICK-13

Dear Moms and Dads, Here is an update on what’s trending in luxury real estate. Villa La Fiorentina, located in the Saint-Jean-Cap-Ferrat peninsula in the south of France is just divine. It has a 30,000 sq meter park over looking the French riviera  and two swimming pools. According to Alexandra Lloyd Properties, “La Fiorentina was built in 1917 by the countess Therese de Beauchamp on a vast piece of land which occupies the extreme end of the Saint Hospice point of the Saint-Jean-Cap-Ferrat peninsula.

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The daughter of the Count Giorigi Vitali who had 40 years earlier modified the Villa Fiorentina in Cannes, the Countess Beauchamp addressed the architects Aaron and Gaston Messiah who designed a large rectangular building surrounded by two large belvedere turrets.

Villa #2

The exterior of the building which forms the grand reception rooms, is made up of a large loggia of arcades with views stretching to Italy.

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As they were accustomed, the Messiah brothers worked in collaboration with Harold Peto who authorized a part of the park which was made up of 22 hectares of pine trees which had been damaged by the wind. He designed notably the large staircase from the villa leading to the waters edge, along with the large ponds and orange tree areas.Villa Gardens #3

Having an authoritative and voluble character, Therese de Beauchamp does not take a long time to get angry with the workers, who are soon to be thanked and replaced by Ferdinand Bac, of whom work she greatly admired at the villa Croisset in Grasse.

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The writer/architect-landscape gardener imagined however, that to better distinguish the entrance, a kind of monumental pillar enclosure with the latin inscription “Fata regunt orbem” which translates to “destiny rules the world”, finally completes the gardens with several themes.

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By the end of 1919, Bac visits the property to supervise the work and noted in his journal that the plants and the grass had grown so much that “the villa seemed to be placed on an emerald plate”. Soon tired of her new domain with the families coat of arms placed upon the gates, and baptized in the memory of her father, the countess Beauchamp goes onto buy the Leopolda in Villefranche sur Mer and lives there at the beginning of the 1920s.
She then sells the property to Sir Edmund Davis, a diamond magnet and a large art collector, who constructed a large part of the littoral path which surrounds Cap Ferrat.

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During this period, the famous Italian writer, Gabriele d’Annunzio stays in the property, just a short time before he is proclaimed lord and prince of Monte-Nevoso. In 1939, La Fiorentina was purchased by Lady Kenmere, who was sometimes viciously referred to as “Lady Kilmore” with reference to her three ex husbands who had passed away. It was the son of her last husband Roderick Cameron, who was passionate about landscaping and gardens, the man who opened the Golden Riviera, who took upon the task to rearrange the domain with the help of the architect Henri Delmotte who had works a few years earlier at the Villa Mauresque of Somerset Maugham.

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During the years of renovation, Rory and his mother lived in the Clos de Fiorentina, which is an old bastide which was part of the domain. In order to modernize the style of the building, the gold flaked ceilings, the sculpted stone chimneys were simply removed for more of a stripped decor. Unfortunately, the declaration of the Second World War stopped the renovation works and due to the strategic position of the property, it was occupied by the Germans who made several degradations during this time. When the conflict was over, the works began again and several large modifications were made to the original building. The temple marking the entrance was removed along with the two belvedere turrets. The arcades loggia of the facade and the immense reception room disappeared for two new floors, metamorphosing the building of a palladien style mansion which immensely resembled the Rotunda de Vinence Villa in Italy. Finally the gardens were redesigned by the landscape gardener Russel Page.

ca. 1967, St.-Jean Cap Ferrat, France --- Actors Richard Burton (wearing white turtleneck and slacks) and Elizabeth Taylor (wearing caftan from Givenchy boutique), seated and lounging and playing gin while on vacation at La Fiorentina, Saint-Jean-Cap-Ferrat. --- Image by © CondÈ Nast Archive/CORBIS

ca. 1967, St.-Jean Cap Ferrat, France — Actors Richard Burton (wearing white turtleneck and slacks) and Elizabeth Taylor (wearing caftan from Givenchy boutique), seated and lounging and playing gin while on vacation at La Fiorentina, Saint-Jean-Cap-Ferrat. — Image by © CondÈ Nast Archive/CORBIS

Elizabeth Taylor and Richard Burton in Villa Fiorentina

At La Fiorentina, Rory Cameron organized large parties and received many celebrities such as Greta Garbo, Elizabeth Taylor, Somerset Maugham who loved to play bridge with the hostess. Even though the park has been reduced to 30 000 m², the Villa Fiorentina with its two swimming pools, remains one of the largest properties on Saint Jean Cap Ferrat.”

Our sources at Forbes claim that the owners of Villa La Fiorentina are “quietly ”  seeking a buyer with $525 million. It was previously owned by the Americans Mary Wells Lawrence, one of the most powerful & influential advertising executives of the 20th century, and her husband Harding Lawrence, the head of Braniff International.

If you buy this property you must invite me to the house warming. Do we have a deal?

 

Always Yours,

Michael Chadwick

Luxury Real Estate Correspondent for Old Fashioned Mom Magazine.

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