There are many millionaires who give away money and make charitable donations. Many millionaires, including wealthy celebrities and businessmen, donate money out of the kindness of their hearts, while receiving tax deductions when it comes to tax season. Some make anonymous contributions, while others attend large charity balls and fundraisers to do so.There are quite a bit of well-known
. celebrities and famous people who are known as large philanthropists. Bill Gates and Warren Buffet, the richest men in America, quite often make enormously generous donations to desired causes. Warren Buffet, according to some sources, gave away over half his fortune to a charity. Bill Gates and his wife make contributions to their own charitable fund, which is called the Bill and Melinda Gates Foundation, that helps to raise money to increase awareness and knowledge in the healthcare community worldwide. Oprah Winfrey, a talk show host and philanthropist is widely recognized for her generosity and care for people who are less fortunate. She gives money away to families who are in need, as well as organizations, such as schools, hospitals and more. Actress Sandra Bullock donated one million dollars to the Hurricane Katrina Relief Fund, while other celebrities such as Jay-Z and Beyonce did so as well. Many actors, actresses and other celebrities get together during fancy charity balls to make contributions.Although many celebrities and famous rich people make millions and even billions, they look for tax breaks, just like everyone else. When a large sum of donations are made, the government provides tax deductions, which encourage more people to donate. It is a win-win situation as they give and receive.There are millionaires out there who give away much of their money, solely due to genuine care and generosity. It is encouraged to donate money to help causes and those in need, whether rich or not. More reference links: http://www.mainstreet.com/article/moneyinvesting/news/38-billionaires-donate-their-fortunes http://articles.moneycentral.msn.com/RetirementandWills/EscapeTheRatRace/millionaires-who-gave-it-away.aspx
