According to Forbes, the most philanthropic men and women in the world are not millionaires but billionaires. Bill and Melinda Gates top the list, having given away a total of $28 billion as of 2012. They are followed, in descending order, by Warren Buffet, George Soros, Mark Zuckerberg and the Walton family. Former New York City mayor Michael Bloomberg is also high on the list.Continue Reading
In addition to famous billionaires, venture capital firms lend money to innovative entrepreneurs. According to Entrepreneur magazine, the top five VC firms granting seed money and early stage investment funds in 2013 were Andreessen Horowitz, New Enterprise Associates, Google Ventures, Kleiner Perkins Caufield & Byers and Lightspeed Venture Partners. Together, these five firms invested over $28 billion in over 250 ventures in 2013 alone.
For those who need only a small amount of seed money for a project, the Awesome Foundation for the Arts and Sciences is another alternative. Funded by less than a dozen trustees who donate cash upfront, the foundation gives monthly awards of $1,000 each with no strings attached. People request funding online by providing information about themselves and how they plan to use the grant, and awards are announced once each month. Founded in 2009 in Boston, Mass., the group has 101 branches in 24 countries as of 2014.
If all other avenues fail, crowdfunding, a social media phenomenon in which people use an online platform to ask strangers to invest in their ideas, is a growing source of capital for people in the United States. According to Entrepreneur magazine, New York City-based Kickstarter, the largest crowdfunding platform in the nation, raised $1.2 billion for its campaign owners as of August 2014.Learn more about Personal Banking
While most millionaires choose to keep their fortunes to themselves, a handful have pledged to give away money in various philanthropic ventures, as of 2016. Warren Buffet and Microsoft founder Bill Gates have teamed up to form a campaign intended to convince the rich to participate.Full Answer >
The most generous millionaires and billionaires in the world include Bill Gates and his wife Melinda, Michael Bloomberg, and Paul Allen. Combined, these individuals donated $2.68 billion in 2014, according to The Chronicle of Philanthropy.Full Answer >
A bank draft offers guaranteed funding, as the institution issuing it has already collected money to cover its value, while a check draws funds from an individual's account. Unless the purchaser of the bank draft asks the bank to stop payment, the bank pays it; however, banks sometimes return checks due to insufficient funds in the account, according to About.com.Full Answer >
It is safe to send money online as long as an established and respected money transfer service is used, says Get Safe Online. Such services put in place several safety measures so that the money reaches the desired destination and no data is stolen en route, explains HowStuffWorks.Full Answer >