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In philanthropy, donor intent is the purpose, sometimes publicly expressed, for which a philanthropist intends a charitable gift or bequest.Donor intent is most often expressed in gift restrictions, terms, or agreements between a donor and donee, but it may also be expressed separately in the words, actions, beliefs, and giving practices of a philanthropist.
A letter of intent (LOI or LoI, or Letter of Intent) is a document outlining the understanding between two or more parties which they intend to formalize in a legally binding agreement. The concept is similar to a heads of agreement , term sheet or memorandum of understanding .
The term may apply to any volunteer or to anyone who makes a donation, but the label is most often applied to those who donate large sums of money or who make a major impact through their volunteering, such as a trustee who manages a philanthropic organization or one who establishes and funds a foundation. [1]
In 2023, the largest source of charitable giving came from individuals, who gave $374.40 billion, representing 67% of total giving, according to the Giving USA (Giving USA 2024: The Annual Report on Philanthropy for the Year 2023, a publication of Giving USA Foundation, 2024, researched and written by the Indiana University Lilly Family School ...
The Leona M. and Harry B. Helmsley Charitable Trust United States: New York City: $8.3 billion 1999 [31] 27 W. K. Kellogg Foundation Trust United States: Battle Creek, Michigan: $8.2 billion 1930 [32] 28 Jacobs Foundation Switzerland: Zürich: $7.6 billion CHF7 billion 2001 [33] 29 Else Kröner-Fresenius-Stiftung Germany: Bad Homburg: $7 billion
But philanthropy is changing. Today's billionaires are less interested in legacy institutions, less obsessed with prestige and perpetuity. Part of this is a function of their age: In 2012, 4 percent of America’s biggest charitable donations were made by people under 50 years old. In 2014, a quarter of them were.
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