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2006 was an incredible year for philanthropy.
National publications hailed the fact that the nation’s second wealthiest
individual, Warren Buffet, decided to bequeath the bulk of his $40 billion estate
to the nation’s wealthiest individual, Bill Gates and his Gates Foundation.
Mr. Buffet first made provisions for his family, but observed that his financial
success would best be stewarded by the Bill and Melinda Gates
Foundation.
Americans provided record-setting charitable gifts to hospitals, schools,
colleges and universities, making 2006 the most charitable year in history.
Many have referred to this as the advent of the “Golden Age of
Philanthropy” with wealthy individuals making generous gifts to worthy
non-profits. The phrase “Golden Age” harkens back to the dawn of
the 20th century, when Andrew Carnegie, Andrew Mellon, and John D. Rockefeller
created foundations to support charitable causes.
2006 at Little Company of Mary was also a record-breaking year with more than
$12 million in gifts to our Foundation. Gifts from our donors — individuals,
foundations, corporations, physicians, nurses, employees, volunteers, community
members — propelled our $50 million Legacy Campaign over the top.
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