SOUTHERN BUSINESS REVIEW
SOUTHERNBUSINESSREVIEW
OUR CONTRIBUTORS
PHYLLIS SCHWAIGER
SHARLENE ROBINSON
SHAUN PETERS
EXECUTIVE DIRECTOR
NICK TRAVERSA
EDITOR-IN-CHIEF
BRADY A. ZEIGLER
MANAGING EDITOR
JASON MORGAN
CONTENT DIRECTOR
ALEXIS MOORE
ART DIRECTION
MATTHEW JONES
PHOTOGRAPHERS
SOO JIN AE
TAKEHIRO KANEGI
CONTRIBUTING WRITERS
AARON STORY
ROSA MARIA LOPES
FROM THE EDITOR
Southern Business Review | Annual Giving Issue
Welcome to our Annual Giving Issue, where we shine a light on the philanthropists and charitable organizations shaping our communities At Southern Business Review, we believe in the power of giving, not only to support immediate needs but to create lasting change. This issue celebrates the individuals and institutions that go beyond business success to make a meaningful impact on lives across Texas and beyond
Philanthropy is about more than donations it’s about fostering a future where everyone has an opportunity to succeed The leaders we highlight in this issue are not just financially invested in causes; they are committed to building stronger communities and addressing the pressing challenges we face
We also strive to hold these organizations accountable. Transparency and responsibility are at the heart of every charitable endeavor, and we aim to provide insights into the impact of their efforts, ensuring that good intentions translate into lasting results
Thank you for joining us in recognizing the generosity and vision that drive positive change. Together, we can build a better tomorrow
With gratitude,
SPECIAL ISSUE: GIVING (V.) TAX SHELTERS
BY PHYLLIS SCHWAIGER PHOTOGRAPHY BY FRANCOIS MERCER
As of recent data, approximately 700 million people around the world live in extreme poverty, defined as living on less than $1.90 a day, o the World Bank This represents roughly 9% of the global
in the United States, the poverty threshold is significantly U S Census Bureau defines the poverty line as an income 6,500 for a family of four (as of 2023) According to the U.S eau, about 37 million Americans (roughly 11% of the were living below the poverty line in 2022
Most people regularly hear debates about taxes, particularly regarding the wealth of billionaires and how much they contribute. However, what often goes unnoticed are the complex legal loopholes that allow multimillionaires and billionaires to significantly reduce their tax burdens. One common strategy involves family foundations, which, in many cases, are used as tax shelters rather than purely philanthropic entities.
These foundations, while appearing as charitable efforts, can sometimes serve as a way for the ultra-wealthy to preserve their wealth while minimizing their tax obligations. This practice often goes unnoticed by the public, despite its far-reaching implications for both tax policy and charitable giving.
THE TAX HAVEN AND SHELTER THAT IS PHILANTHROPY
The debate surrounding the wealth of billionaires and the impact of their charitable donations is ever-present. Public discussions often focus on the vast fortunes amassed by the world’s richest individuals and the taxes they pay—or, in many cases, avoid. However, what often remains under the radar are the complex legal structures that allow these multimillionaires and billionaires to shield their wealth while simultaneously presenting themselves as benevolent philanthropists. This facade of charity hides a troubling reality: many of the so-called philanthropic efforts of the ultra-wealthy are little more than a sophisticated means of tax avoidance. These individuals may give away a portion of their wealth, but it is often a mere fraction of what they could contribute, with the majority of their assets cleverly hidden behind the veil of charitable donations, family foundations, and grants. In reality, these “charitable” efforts may have little to do with the true spirit of giving.
The public’s understanding of philanthropy is frequently shaped by high-profile donations and foundations, with names like the Gates Foundation or the Chan Zuckerberg Initiative coming to mind. These organizations often boast about the massive amounts of money they have directed toward global issues such as poverty, disease, and education. However, the amount of wealth actually disbursed through these foundations is often far smaller than what one might think. While these charitable endeavors may seem altruistic, they frequently amount to only a small percentage of the total wealth held by the individuals behind them—sometimes less than they would pay in taxes. Rather than engaging in direct charitable giving, the wealthiest people in society often use these foundations to maintain control over their wealth while still reaping the benefits of a “philanthropic” image.
BY ROSA MARIA LOPES
One of the most insidious aspects of this system is the use of family foundations, which are often established with the primary goal of minimizing tax liabilities rather than maximizing charitable impact. These foundations are designed to allow individuals to claim tax deductions for their donations, even though the money often stays within a controlled family entity.
While these foundations may fund educational programs or health initiatives, much of the money they distribute may find its way back into the family’s business interests or be used to create a public image of generosity, rather than having a direct and substantial impact on the communities they claim to serve. In essence, these organizations can serve as tax shelters, allowing the ultra-wealthy to avoid taxes while publicly claiming to be charitable.
The scale and complexity of these foundations make it difficult for the public to fully understand where the money is going and what impact it is actually having. With vast sums of money at their disposal, these foundations often fund large-scale, high-profile projects that capture the media’s attention, but the actual outcomes can be far less impressive than the headlines suggest. In many cases, the distribution of wealth through these foundations is not designed to solve immediate problems, but to maintain the status quo and ensure the continued accumulation of wealth by the same people who claim to be helping others. The result is a system that benefits the rich while presenting a polished image of benevolence.
Contrast this with the approach taken by true philanthropists—those who give from the heart, often anonymously, without seeking the recognition or public accolades that accompany the larger foundations. These philanthropists understand that genuine charitable giving involves more than just writing a check. It requires a commitment to creating lasting change and addressing the root causes of societal issues. True philanthropy is not about the size of the donation, but the impact it creates. It is about engaging directly with the communities being served, listening to their needs, and using wealth in a way that empowers others to thrive. Whether it’s funding a local food bank, supporting education initiatives, or providing disaster relief, true philanthropists focus on making a difference, not on making a name for themselves.
THE MASK OF PHILANTHROPY, WHEN CHARITY IS JUST A TAX SHELTER?
Philanthropy, at its core, should be about improving lives—not about creating a financial system that serves to protect the wealth of the few. While tax incentives for charitable donations can encourage giving, the system has been exploited to such an extent that the line between genuine charity and selfinterest is often blurred. The wealthiest individuals have the means to donate on a far larger scale than they do, but they are often more focused on preserving their wealth and ensuring that they retain control over how it is used. As a result, many of their “charitable” contributions are not a true act of generosity but a way to shield their fortunes from taxes, while still maintaining their public image as philanthropists. The public must begin to recognize the difference between these two approaches to giving. True philanthropy is not just about donating a small percentage of one’s wealth—it is about using that wealth in ways that create meaningful, lasting change. It requires selflessness, not selfpreservation. True philanthropists are not just signing checks; they are out in the field, working alongside those they aim to help, and making a real difference in people’s lives. On the other hand, those who use philanthropy as a shield to protect their wealth are not engaged in true charitable giving —they are engaged in a form of wealth management that serves their interests, not the greater good.
The charity jet phenomenon is real Many larger nonprofits and foundations, including churches and universities, have taken to amassing private jets
BY AARON STORY
In recent years, nonprofits have increasingly turned to private jets, claiming they are essential for efficiency, especially for organizations with global operations or urgent humanitarian missions. Private jets allow nonprofit leaders to reach remote areas quickly, respond to crises faster, and meet with donors or partners around the world. While these jets can play a crucial role in humanitarian efforts, they also raise ethical concerns.
Critics argue that spending millions on private aircraft risks undermining the credibility of nonprofits, suggesting a disconnect between their charitable missions and the luxury enjoyed by their executives. Many nonprofits are expected to prioritize resources directly benefiting those in need, and lavish spending on private jets may appear out of step with their public image. To maintain trust, nonprofits must ensure transparency and demonstrate that such expenditures truly contribute to their humanitarian goals. Ultimately, philanthropy should be about service, not status.
the use of private jets by nonprofit organizations raises critical questions about financial priorities. With limited resources, nonprofits must carefully consider how every dollar is spent to maximize impact.
The public expects donations to directly benefit the cause, not to subsidize the lifestyle of executives. While private jets may offer convenience, they can also divert substantial funds away from essential programs aimed at alleviating poverty, improving healthcare, or addressing environmental issues.
Nonprofits must be transparent about the justification for these expenses and ensure that they are in line with their mission to help those most in need. If private jets are deemed necessary, they should be used solely for operations that cannot be effectively managed through commercial means. Ultimately, nonprofits must uphold the values of empathy, integrity, and accountability, showing that their true focus is on service, not selfindulgence or luxury. Public trust hinges on this commitment to responsible stewardship.
NEW STANDARD: LARGE SCALE CHARITY LARGE SCALE TRAVEL
In recent years, a rising number of prominent churches and nonprofit organizations have come under scrutiny for purchasing private jets and booking stays at luxury hotels While some argue these lavish expenses are justified by the demands of global travel and the need to maintain security and efficiency, others see them as a misuse of funds that should be directed toward those in need As these organizations continue to grow, so too does the debate over whether such indulgences align with their mission to serve the greater good.
Supporters of private jets and luxury travel for religious leaders and nonprofit executives often point to the practical reasons for such expenses. The most frequently cited rationale is the need for efficiency and security. Leaders of large churches or international nonprofits often travel frequently to meet with donors, visit mission sites, or speak at events.
Commercial flights, with their unpredictable schedules and security hassles, can be both time-consuming and a potential risk to personal safety. In this context, a private jet may be seen as a tool that enables the leader to better serve their mission by allowing them to travel faster, more comfortably, and more securely.
for global ministries or organizations working on multiple continents, a private jet may be a logistical necessity. A large church or nonprofit may operate in regions with limited commercial flight access, and a private plane may be the only way to reach remote areas in a timely manner. For example, ministers who travel frequently to disaster zones or impoverished areas to provide aid or spiritual guidance may find that commercial air travel simply isn't practical.
BY SHAUN PETERS
Similarly, staying in high-end hotels is often framed as a matter of practicality. Nonprofit executives and church leaders attending conferences or meetings may need to stay in locations where these hotels offer the best access to venues, provide better security, or offer amenities that help them maintain their health and well-being during intense schedules.
However, this rationale often comes under scrutiny when the costs of private jets and lavish accommodations seem excessive, especially in light of the mission-driven nature of churches and nonprofits. The public perception of nonprofits is that donations should be used directly to help those in need, whether through poverty alleviation, educational programs, or disaster relief efforts. When large sums of money are spent on luxury travel, it can be seen as a betrayal of the trust donors place in these organizations. The line between practicality and extravagance can often become blurred.
For example, the case of prominent televangelists and megachurch pastors purchasing private jets has been highly controversial. Some argue that these leaders, who claim to be spreading the word of God, should live modestly, in line with the values they promote. Critics argue that these lavish expenditures send a message that personal luxury is more important than the well-being of the communities they serve.
nonprofit organizations with large overheads, including luxury accommodations, can be accused of prioritizing prestige over mission. The public expects transparency and accountability in how donations are spent, and when large portions of budgets are directed toward non-essential luxuries, donors may begin to question whether their contributions are truly making an impact where it's most needed. Ultimately, the key issue surrounding the purchase of private jets and stays in high-end hotels is the need for transparency. Whether it's a church or a nonprofit, these organizations should be held to high standards of accountability. Donors, congregants, and the public have the right to know how their funds are being spent and whether the organization's leaders are acting in the best interests of those they claim to serve.
Organizations that justify luxury spending with the claim that it is necessary for their work must be able to demonstrate the specific value these expenditures bring to their mission. Clear and detailed reports on travel budgets, how these expenses align with organizational goals, and the impact these decisions have on the communities they serve can help to mitigate criticism.
At the same time, religious and nonprofit leaders must be cautious not to allow their personal lifestyles to become a distraction from the mission at hand. Excessive spending can damage the reputation of an organization, erode public trust, and ultimately hurt the very causes they seek to support.
The issue of private jets and luxury hotels for larger churches and nonprofits is complex. While there are legitimate reasons for such expenditures in certain contexts, it is crucial that these organizations remain transparent and accountable to the public. Leaders must balance the need for efficiency and security with the responsibility to manage resources in a way that aligns with the values of their mission. As the debate continues, one thing is clear: churches and nonprofits must strive to use their resources in a way that demonstrates genuine commitment to the greater good, rather than personal indulgence.
THE QUIET BILLIONAIRE
PHILANTRHOPISTS
Most of the time, when you hear about celebrities or the wealthy, it's something crafted by public relations firms to serve a specific purpose for the client How many of us can truly name billionaires around the world? If we can, we'll likely mention the same few names over and over, because, for the most part, billionaires prefer to remain out of the spotlight However, there are some who choose to give and make a difference quietly, without any hype or fanfare
BY BRADY ZIEGLER
We are traditionally captivated by the wealth and influence of highprofile billionaires, it’s easy to overlook the quieter, more understated acts of generosity happening in the shadows of fame. While figures like Bill Gates and Warren Buffett dominate the narrative of philanthropy, there is a cadre of lesser-known billionaires whose contributions, though less publicized, are no less transformative.
These individuals represent the best of humanity’s potential, using their wealth not as a display of power but as a tool for profound and lasting change.
At Southern Business Review, we pride ourselves on delving beyond surface-level stories, spotlighting leaders whose work often goes unnoticed. As we expand our focus to include philanthropy, it is only fitting to celebrate ten billionaires whose giving reshapes lives, uplifts communities, and addresses the world’s most pressing issues.
BY BRADY A. ZIEGLER
Pierre Omidyar, the founder of eBay, has quietly become one of the most influential philanthropists of the modern era. While his name is often associated with the revolutionary online marketplace he created, Omidyar’s legacy is rapidly being shaped by his profound commitment to giving back. Through his philanthropic venture, the Omidyar Network, he has donated over $1 billion to initiatives that promote human rights, economic opportunity, and the responsible use of technology His approach to philanthropy exemplifies the intersection of profit and purpose a space where Omidyar believes real, lasting change happens
As of 2025, Omidyar's estimated net worth stands at around $20 billion, but unlike many billionaires who amass wealth primarily for personal gain or luxury, Omidyar has focused his fortune on advancing causes that benefit society at large Perhaps one of the most striking aspects of Omidyar's approach to philanthropy is his decision to remain largely out of the public eye Unlike many highprofile billionaires who are often in the spotlight for their wealth or personal endeavors, Omidyar operates with a quiet, behind-thescenes presence
He is not driven by the need for recognition or praise Instead, he is focused on enabling others to succeed and ensuring that the resources he has amassed are used to create a fairer, more equitable world His work speaks for itself, with each initiative contributing to a broader, more inclusive future.
In contrast to those who flaunt their wealth, Omidyar has made a deliberate choice to direct his fortune toward causes that have a farreaching, lasting effect on society. By prioritizing the betterment of others over personal gain, he has positioned himself as an example of how extreme wealth can be wielded for good His approach not only transforms lives but also challenges the very notion of what it means to be a successful billionaire in today’s world. Pierre Omidyar’s story is a powerful reminder that wealth, when used thoughtfully and responsibly, can be a force for positive change one that creates opportunities and amplifies voices that have long been unheard
BY BRADY ZIEGLER
Gina Rinehart, Australia’s wealthiest person, quietly directs much of her fortune toward philanthropy through her family foundation, focusing on education, healthcare, and community development. Despite her significant contributions, she avoids the media spotlight, preferring to let her work speak for itself. As a result, many are unaware of her philanthropic efforts.
GINA RINEHART
Gina Rinehart, Australia's richest person and one of the wealthiest women in the world, is perhaps best known for her success in the mining industry, particularly through her company Hancock Prospecting. However, behind her immense fortune, Rinehart’s approach to wealth is often overshadowed by her quieter philanthropic efforts
While she is a prominent figure in global business, it is her use of wealth for societal good, rather than personal extravagance, that offers a compelling lesson on the role of billionaires in shaping the world
With an estimated net worth exceeding $30 billion, Rinehart's financial success is largely attributed to her shrewd management of Hancock Prospecting, which controls vast iron ore reserves in Western Australia However, unlike many of her billionaire peers who seek the spotlight for their wealth or personal indulgences, Rinehart has steered much of her fortune towards philanthropy and public welfare. Though she rarely seeks public attention for her charitable contributions, her financial influence has reached far beyond the mining industry, addressing some of Australia's most pressing challenges. Rinehart's philanthropic efforts are primarily directed through her family's charitable foundation, the Hancock Family Foundation The foundation has made significant contributions to a variety of causes, including medical research, education, and community development Rinehart’s focus is on providing long-term support for initiatives that foster independence and self-sufficiency For instance, the Hancock Family Foundation has been instrumental in funding scholarships for disadvantaged students, promoting academic excellence and helping young Australians achieve their potential Her investments in education are not just about providing financial assistance; they are about opening doors to a future where individuals can thrive based on merit, not circumstance
While Rinehart’s fortune continues to grow through her business ventures, her efforts to use that wealth for good underscore a more pragmatic and long-term vision of philanthropy Through her investments in education, medical research, and community development, she is shaping a legacy that extends well beyond the boardroom. It is a testament to the potential of wealth when used responsibly and thoughtfully: not for personal indulgence, but as a force for enduring positive change.
GinaRinehartspeakingattheAustralianBushSummit,wheresheaddresseskeyissuesfacingruralandremotecommunities inAustralia,advocatingforsustainabledevelopmentandcommunityresilience.
GinaRinehartpresentinga$100,000donationtosupporttheimprovementofhealthcareinruralandremotecommunities, reinforcinghercommitmenttoaddressingcriticalneedsinAustralia’soutback.
BY BRADY ZIEGLER
Lynne Schusterman is not a household name for many, but her influence in the world of philanthropy is both profound and far-reaching. As the chair of the Charles and Lynn Schusterman Family Foundation, she has dedicated her wealth and resources to initiatives that promote social justice, education, and community empowerment—particularly for marginalized groups. Through her strategic and thoughtful giving, Schusterman has carved out a reputation as one of the leading philanthropists of her generation, using her fortune not for personal gain but to create meaningful, lasting change.
LYNNE SCHUSTERMAN
Born into a family of entrepreneurs, Schusterman inherited much of her wealth from her late husband, Charles, who founded the energy company Samson Resources After his passing, she took the reins of their family foundation, which has since become a major force in both the U.S. and globally. With a personal net worth estimated at around $2 billion, Schusterman has used her resources to fund a variety of causes, focusing on areas such as youth empowerment, education, human rights, and strengthening Jewish communities.
Schusterman’s philanthropy also places a strong emphasis on supporting Jewish communities around the world. She has been instrumental in ensuring the continued vitality of Jewish culture and values, particularly through programs that encourage Jewish youth to connect with their heritage and develop a strong sense of identity At the same time, she has fostered interfaith dialogue, aiming to build bridges between Jewish and non-Jewish communities, promoting understanding and cooperation on shared social justice issues
Despite her significant contributions, Schusterman tends to keep a relatively low profile, preferring to let the organizations she supports and the communities she empowers take the lead. Her philanthropic work is often done behind the scenes, without the fanfare or publicity that typically accompanies high-profile donations This deliberate approach to giving reflects her belief that the impact of philanthropy should be measured by the lasting change it creates, not by personal recognition or accolades
In addition to her philanthropic endeavors, Schusterman’s leadership extends to various boards and initiatives that align with her values of justice, equality, and empowerment. She is a strong advocate for women’s rights, gender equality, and creating opportunities for women in leadership positions Her advocacy for gender equality has become a defining part of her legacy, particularly as she works to ensure that women, especially women of color, are given the same opportunities as their male counterparts
Lynne Schusterman’s philanthropic journey reflects a deep commitment to creating a more just and equitable world
Lynne Schusterman and her daughter Stacey accepting the prestigious Carnegie Medal of Philanthropy, honoring their lifelong commitment to social justice, education, and community empowerment through the Schusterman Family Foundation.
BY BRADY ZIEGLER
Jeff Yass, the co-founder of the global trading firm 2 Sigma Investments, is one of the wealthiest individuals in the United States. Yet, despite his substantial fortune—estimated at over $20 billion— Yass has largely stayed out of the public eye, preferring to remain a low-profile figure in both the financial world and the realm of philanthropy. Unlike many of his billionaire peers who seek recognition for their charitable efforts, Yass uses his wealth with a quiet determination, focusing on systemic change and long-term impact rather than public acclaim.
JEFF YASS
Yass’s philanthropic approach is driven by his firm conviction that the path to lasting change lies in addressing the root causes of societal issues, not merely their symptoms This philosophy is evident in his strategic investments in policy advocacy, education, and economic reform. Rather than donate to causes that provide short-term relief, Yass prefers to fund initiatives that seek to reform the underlying structures of society, particularly in the fields of public policy and educational choice
One of the most prominent aspects of Yass’s philanthropic efforts is his support for school choice A vocal advocate for education reform, Yass has directed significant funding toward initiatives that empower parents to choose the best educational options for their children Through his contributions, Yass has supported a variety of organizations that promote charter schools, school vouchers, and other alternatives to the traditional public education system. His belief in expanding educational opportunities is rooted in the idea that all children, regardless of their socio-economic background, should have access to quality education
Beyond education, Yass has been a leading donor to libertarian causes, supporting think tanks and advocacy groups that focus on reducing government intervention in markets and promoting individual liberty His contributions to organizations such as the Cato Institute, the Institute for Justice, and the Reason Foundation are a reflection of his commitment to free-market principles and limited government For Yass, philanthropy is not just about donating money; it’s about influencing public policy to create an environment where individuals have more control over their lives and opportunities Despite his considerable impact, Yass remains largely out of the public eye, preferring to let his work speak for itself. Unlike many billionaires who relish the spotlight and public recognition for their charitable endeavors, Yass operates with a more understated approach His commitment to philanthropy is rooted in his desire to create long-lasting, systemic change rather than seeking personal acclaim. Jeff Yass’s story is one of quiet, calculated generosity, with a focus on addressing the root causes of inequality and inefficiency in society His philosophy that true change comes from policy reform and individual empowerment has positioned him as a major force in the world of philanthropy, even if his efforts remain largely under the radar
Jeff Yass presenting a $1 million donation to support an autism school, reinforcing his commitment to expanding educational opportunities and creating lasting change for underserved communities.
BY BRADY ZIEGLER
Shari Arison, one of Israel’s wealthiest individuals, is often recognized for her success as a businesswoman and the driving force behind the Arison Group, which includes holdings in various industries, including real estate, banking, and infrastructure. However, it is her philanthropic work that has truly defined her legacy. Arison’s commitment to creating lasting social impact has made her one of the most influential philanthropists in Israel and beyond, using her wealth to foster positive change in a variety of critical areas, from education to environmental sustainability.
SHARI ARISON
With an estimated net worth of over $4 billion, Arison has consistently directed much of her fortune toward causes that promote social responsibility, equality, and community empowerment Through her charitable arm, the Shari Arison Foundation, she has focused on a range of issues, including social justice, economic development, and the advancement of women Her approach to philanthropy is rooted in the belief that true change comes from empowering individuals and communities, and that sustainable, systemic transformation requires collaboration and long-term investment
One of Arison's key areas of focus has been supporting Israel's most vulnerable populations The Shari Arison Foundation has funded numerous initiatives aimed at reducing poverty, improving access to healthcare, and supporting refugees and immigrants Her work with marginalized groups, including those with disabilities and at-risk youth, reflects her deep commitment to equality and social justice Rather than just providing short-term relief, Arison’s philanthropy is often centered around projects that offer long-term solutions and create sustainable opportunities for growth Education has been another cornerstone of Arison's philanthropic strategy
She believes that providing access to quality education is one of the most powerful ways to break the cycle of poverty and empower individuals to achieve their potential Through the Shari Arison Foundation, she has supported various educational programs, scholarships, and initiatives aimed at improving educational outcomes for disadvantaged children and young adults
Arison's focus on education is not just about funding schools or academic programs; it's about creating a transformative learning experience that equips students with the skills and mindset needed to succeed in an ever-changing world Arison's approach to philanthropy is often described as holistic and values-driven. She is deeply involved in the projects she supports, working closely with local leaders and organizations to ensure that her contributions have a lasting, meaningful impact Her belief in the power of collaboration has led her to partner with other philanthropists, nonprofit organizations, and governmental agencies, creating a network of change-makers committed to addressing the world's most pressing issues. By focusing on collective action, Arison has been able to amplify the impact of her charitable work and drive real, systemic change
Despite her significant influence, Arison prefers to keep a relatively low profile in the public eye, letting her work and the organizations she supports take center stage While she has received numerous accolades for her philanthropic efforts, including recognition as one of Israel’s leading philanthropists, Arison is not driven by the need for personal recognition For her, the true reward lies in the longterm impact of her efforts, rather than in the headlines or awards that often accompany such success.
Arison stands as a reminder that the greatest rewards come not from accolades, but from the difference we make in the lives of others.
Shari Arison with participants of the "Doing Good" initiative, celebrating their collective efforts to create positive social change and empower communities through sustainable projects and collaboration.
BY BRADY ZIEGLER
Kirsten Rausing, a prominent member of the Swedish Rausing family, is best known for her significant contributions to the packaging industry, particularly through Tetra Pak, the multinational food packaging company founded by her grandfather. However, it is her work in philanthropy that has truly defined her legacy, as she uses her considerable wealth to champion causes such as animal welfare, environmental conservation, and human rights.
KIRSTEN RAUSING
With an estimated net worth of over $12 billion, Rausing could easily have followed in the footsteps of many high-profile philanthropists, seeking personal recognition for her giving However, much like other members of her family, she has remained relatively private about her charitable endeavors, preferring to focus on long-term systemic change rather than shortterm publicity Rausing's approach to philanthropy is deeply values-driven, with a focus on sustainability, ethical treatment of animals, and supporting marginalized communities around the world
Rausing’s philanthropic efforts are primarily channeled through the Tetra Pak Foundation and the Kirsten Rausing Foundation These organizations focus on a variety of causes, with an emphasis on advancing animal rights and environmental protection. Rausing has been particularly active in supporting animal welfare organizations, funding initiatives that work to combat cruelty to animals, promote humane farming practices, and protect endangered species Her support for wildlife conservation has led to contributions to a number of high-impact projects, aiming to preserve the natural world for future generations
In addition to her work in animal welfare, Rausing has made substantial contributions to environmental conservation efforts She has long been an advocate for sustainable practices in both business and daily life Through her philanthropic efforts, Rausing has supported programs aimed at reducing environmental degradation, promoting renewable energy, and advocating for policies that protect the planet
She believes that protecting the environment is a key responsibility for businesses and individuals alike, and her giving reflects a longterm vision for a more sustainable world Rausing’s commitment to human rights has also been a central part of her philanthropic vision. She has supported organizations that fight for gender equality, refugee rights, and social justice, funding initiatives that provide aid to vulnerable populations around the globe. Rausing’s focus on human dignity and equality underscores her belief in creating a fairer and more compassionate society, one where every individual has the opportunity to thrive
Despite her significant impact, Rausing remains a somewhat elusive figure in the public eye Unlike many philanthropists who seek recognition for their charitable contributions, she operates with a sense of humility and discretion Her philanthropy is often done quietly, with an emphasis on collaboration with like-minded organizations to achieve long-lasting results Rausing is known for her meticulous approach to selecting causes that align with her values, working behind the scenes to ensure that the funds she donates go toward projects that create real, sustainable change
Rausing’s legacy is one of quiet but powerful impact, characterized by a deep commitment to values-based philanthropy. She is a model for how wealth can be used to advance a more just, sustainable, and compassionate world, with a focus on addressing the root causes of social and environmental issues While many billionaires use their fortunes to make headlines, Rausing has chosen to make a difference through thoughtful, strategic giving that prioritizes long-term results over immediate visibility
Kirsten Rausing at a wildlife conservation event, where her philanthropic support for animal welfare and environmental sustainability continues to make lasting impact on preserving the planet for future generations.
BY BRADY ZIEGLER
Courtney Jordan, a successful entrepreneur turned philanthropist with a net worth of $3 billion as of 2024, has quickly become a prominent figure in the world of global philanthropy. Known for his hands-on approach, Jordan leverages his wealth, time, and expertise to drive lasting change through sustainable initiatives that uplift individuals and communities. As the founder of The Courtney Jordan Foundation (CJF), Jordan has spent over a decade building a reputation as a transformative force in education, poverty prevention, and global economic development.
COURTNEY JORDAN
Jordan's journey into philanthropy is deeply personal. After facing profound challenges in his own life, he pivoted from his business success to dedicate himself to causes that could create systemic change In 2011, he established CJF with a singular mission: to provide sustainable solutions that empower individuals to escape poverty, gain education, and create economic opportunities The foundation’s core belief, "Help One, Save Many," has driven its success and enabled it to reach communities around the globe
Jordan's philanthropy extends well beyond the U S. and touches communities in Sri Lanka and Bangladesh Through CJF’s international efforts, Jordan supports economic development by fostering entrepreneurship, providing access to microloans, and improving educational opportunities In these countries, CJF works to create sustainable economic systems that empower individuals to start their own businesses, become financially independent, and contribute to their local economies
Jordan’s global approach is rooted in the idea that empowerment is a long-term solution to poverty, not charity By providing resources, training, and educational opportunities, he enables individuals to improve their circumstances without relying on continuous aid. This focus on self-reliance has made CJF’s international efforts particularly impactful, helping communities break free from the cycles of poverty
What truly distinguishes Courtney Jordan from other philanthropists is his approach to giving The foundation’s philosophy is built on the idea of "handing up " , rather than simply giving out This mindset reflects Jordan’s commitment to providing sustainable solutions that empower individuals to create lasting change in their own lives Whether through education, entrepreneurship, or economic development, Jordan’s focus is on equipping people with the skills and resources necessary to thrive on their own.
The CJF’s programs are designed to help individuals become selfsufficient, breaking free from poverty and achieving financial independence Whether it’s through education, access to microfinance, or entrepreneurial training, Jordan’s work focuses on long-term solutions that promote empowerment rather than temporary relief.
Courtney Jordan’s philanthropy is a testament to the power of combining wealth, time, and expertise to create sustainable, global change Through his foundation, Jordan has proven that true impact comes from empowering people, providing them with the tools they need to create better futures for themselves and their communities. With a focus on education, entrepreneurship, and economic development, Jordan is leaving a legacy that will continue to benefit individuals and communities around the world for generations to come
Courtney Jordan engaging with local kids , where his foundation’s programs are helping individuals build community centers and improve their communities through access to resources and education.
BY BRADY ZIEGLER
Sara Blakely, the founder of Spanx and a self-made billionaire with a net worth of over $1 billion, is known not only for her business acumen but also for her exceptional commitment to philanthropy. Blakely’s rise to success—from selling fax machines to revolutionizing the shapewear industry—has been nothing short of remarkable. However, it is her dedication to giving that sets her apart from many other entrepreneurs at her level. Since reaching the pinnacle of success, Blakely has used her wealth and influence to make a lasting impact on the world, focusing on empowering women, providing educational opportunities, and addressing societal issues.
SARA BLAKELY
Blakely’s commitment to empowering women is central to her philanthropic work In 2006, she created the Sara Blakely Foundation, with the goal of helping women realize their full potential by providing educational opportunities and resources The foundation funds women’s empowerment initiatives and works to break down the barriers that prevent women from succeeding in both business and life Through this foundation, Blakely has provided millions in grants and resources to organizations that support women’s entrepreneurship, education, and health
Blakely’s philanthropic focus centers on education and entrepreneurship as key avenues for empowering women. The Sara Blakely Foundation provides scholarships, grants, and funding for programs that help women gain access to higher education, business training, and leadership development. Blakely’s personal story of starting Spanx with a small investment and turning it into a global brand serves as a source of inspiration to women entrepreneurs around the world She believes that by offering women the tools and resources they need to succeed, they can break down economic barriers and thrive in the business world
In 2013, Blakely joined forces with Oprah Winfrey and launched the Oprah's Lifeclass: The Tour to mentor women and provide them with the skills needed to excel This initiative aimed to give women the confidence and tools to become leaders in their communities and businesses, and it reflected Blakely’s belief that confidence is the key to success
In addition to empowering women through education and entrepreneurship, Blakely is deeply involved in giving back to causes close to her heart One of the most notable aspects of her philanthropy is her focus on the underserved and marginalized communities. In 2020, she pledged to donate $5 million to the Black Lives Matter movement and racial justice organizations, acknowledging that systemic inequality needs to be addressed through direct financial support and initiatives aimed at creating equity.
Her commitment to social justice and economic equality is also evident in her personal acts of kindness, such as when she surprised her employees with $10,000 cash bonuses in 2013 Blakely’s dedication to social responsibility extends beyond just writing checks; she is actively involved in ensuring that her philanthropic efforts create lasting, meaningful change.
Sara Blakely’s giving goes far beyond traditional charity. By using her wealth, influence, and entrepreneurial spirit, she has empowered countless women and communities to achieve their dreams Blakely’s focus on education, entrepreneurship, and social justice has made a lasting impact, providing women with the tools they need to succeed and address the barriers they face. Her work through the Sara Blakely Foundation and other philanthropic initiatives will continue to inspire the next generation of women to break down barriers, build businesses, and make a positive difference in the world.
Sara Blakely with students benefiting from the Girls' Red Backpack Fund, a program she founded to provide young girls with the resources they need to pursue their education and achieve their dreams. Through this initiative, Blakely continues her mission of empowering the next generation of women.
BY BRADY ZIEGLER
Tim Boyle, the CEO of Columbia Sportswear, has not only built a successful global brand but has also established himself as a dedicated philanthropist. With a net worth of over $2 billion in 2024, Boyle’s commitment to corporate responsibility and charitable giving is integral to both his personal values and the ethos of Columbia Sportswear. Boyle is not just focused on growing his business—he is passionate about leveraging his success to improve the communities around him and support meaningful environmental and social causes.
TIM BOYLE
Under Boyle’s leadership, Columbia Sportswear has grown into a powerhouse of innovation in outdoor apparel, but Boyle’s philanthropy extends far beyond the company’s products From environmental sustainability to youth education and health, Boyle’s approach to giving reflects his deep commitment to creating lasting change
Boyle’s philosophy of philanthropy revolves around making a difference through sustainable and meaningful contributions. Columbia Sportswear’s commitment to environmental sustainability is one of the cornerstones of the company’s social responsibility efforts. Under Boyle’s guidance, the company has worked to reduce its environmental footprint, launching initiatives like responsible sourcing and recycling programs. Columbia has focused on creating products that minimize environmental impact, a reflection of Boyle’s belief that businesses should act as stewards of the environment, not just profit-driven entities
In addition to the company ' s focus on sustainability, Boyle and Columbia Sportswear have long supported youth education and outdoor recreation programs The company has partnered with several nonprofits to encourage young people to explore the outdoors, emphasizing the importance of a healthy, active lifestyle. Boyle’s belief in the importance of outdoor experiences for children and teenagers is evident in the company’s long-standing commitment to programs that provide access to outdoor activities, especially for underserved youth.
Tim Boyle’s personal commitment to philanthropy is reflected not just in his company’s initiatives but in his direct involvement in charitable causes Boyle has been an advocate for supporting educational opportunities for underprivileged students, particularly in the Pacific Northwest, where Columbia Sportswear is based Through corporate donations and personal contributions, Boyle has helped fund scholarships and mentorship programs for local students pursuing careers in business, outdoor recreation, and environmental science.
His focus on youth development and environmental conservation has helped create a legacy that intertwines both personal and corporate responsibility Boyle has also supported various health initiatives, including funding local hospitals and programs aimed at improving public health outcomes, especially for children
Tim Boyle’s approach to wealth and success isn’t just about the bottom line it’s about making the world a better place His leadership at Columbia Sportswear has allowed the company to become a model of corporate philanthropy, where business success is intertwined with social and environmental impact. Boyle’s personal giving, particularly in education, youth development, and environmental sustainability, has laid the groundwork for a lasting legacy that reflects his commitment to creating positive change
Tim Boyle, CEO of Columbia Sportswear, presenting a donation to the city of Portland to support environmental cleanup efforts, furthering his commitment to sustainability and community-driven initiatives.
BY BRADY ZIEGLER
the Quiet Philanthropist Who Changed the Landscape of Giving
April 25, 1938 - May 10, 2024
James Simons, the legendary mathematician and hedge fund manager, is perhaps best known for his success as the founder of Renaissance Technologies, the hedge fund renowned for its groundbreaking quantitative trading strategies. With an estimated net worth of over $20 billion, Simons is often considered one of the most successful investors of all time. However, his legacy extends far beyond finance. Through his strategic and often understated philanthropy, Simons has made a lasting impact on the fields of mathematics, science, education, and healthcare.
JAMES SIMONS
James Simons, the legendary mathematician and hedge fund manager, is perhaps best known for his success as the founder of Renaissance Technologies, the hedge fund renowned for its groundbreaking quantitative trading strategies With an estimated net worth of over $20 billion, Simons is often considered one of the most successful investors of all time However, his legacy extends far beyond finance Through his strategic and often understated philanthropy, Simons has made a lasting impact on the fields of mathematics, science, education, and healthcare.
Simons' philanthropic journey began in earnest after he retired from Renaissance Technologies in 2009, choosing to focus more on his personal interests and the causes he deeply cared about. Despite his wealth and influence, Simons was known for his preference for low-profile giving, avoiding the public attention that often accompanies major donations. His philanthropy was driven not by the desire for personal recognition but by a sincere belief in using wealth to advance human knowledge and create long-term societal change
Simons was also a strong advocate for the advancement of mathematics in the education system Through the Simons Foundation, he helped establish programs designed to support young mathematicians and promote the study of mathematics in schools His support has provided critical resources to underfunded scientific institutions and researchers, many of whom have gone on to make significant contributions to their fields.
Simons also contributed to medical research, particularly in areas related to theoretical biology, cancer research, and other areas of healthcare innovation His support of medical and scientific institutions has had a far-reaching impact, helping to advance the understanding of various diseases and conditions, with a focus on finding solutions that can improve human health on a global scale
While his philanthropic contributions were substantial, Simons maintained a relatively low public profile, preferring to keep his personal life private He was not driven by the desire for accolades or recognition, but by the belief that his wealth could fund transformative initiatives that would benefit society for generations For Simons, philanthropy was about investing in the future supporting initiatives that would yield long-term benefits for humanity rather than short-term, feel-good projects
James Simons passed away in May 2024, leaving behind a legacy that will continue to shape the worlds of science, mathematics, and philanthropy His commitment to advancing knowledge, supporting education, and funding research has made a lasting mark on multiple fields While he may not have sought the limelight, his contributions to both the scientific community and the world at large are undeniable, cementing his place as one of the most impactful philanthropists of his generation
His ability to use his wealth to fund research and initiatives that change the course of human knowledge, coupled with his quiet, behind-the-scenes approach to giving, ensures that his legacy will live on long after his passing
The opening of the new Simons Foundation campus at the Flatiron Institute, made possible by James Simons' transformative philanthropy, advancing groundbreaking research in mathematics, physics, and scientific discovery.
SOUTHERN BUSINESS REVIEW
Southern Business Review covers the intersection of business, philanthropy, and social responsibility, highlighting how corporate leaders use their wealth to drive positive change. It explores both the successes and challenges in creating sustainable impact.
