Steve Ballmer, Jan Koum, and Laurene Powell Jobs were accidentally revealed as the biggest donors to the Goldman Sachs Philanthropy Fund, contributing a combined $2.54 billion.
Published| Photo by Reuters/Lee Jae-Won
An IRS filing excerpt obtained by Bloomberg revealed how the fund’s assets surged so rapidly last year, aided by former Microsoft CEO Steve Ballmer, WhatsApp co-founder Jan Koum, and Laurene Powell Jobs, the widow of Steve Jobs.
Ballmer, Koum, and Powell Jobs—collectively worth about $68 billion—all donated a small fraction of their wealth, but pushed GSPF to become the third-richest charity in America in 2016.
The Goldman Sachs Philanthropy Fund is a donor-advised fund, which offers “flexibility and anonymity to wealthy people who want to keep their charitable giving private and offer clients tax benefits,” Bloomberg reports.