Entrepreneurs are often celebrated for their ability to innovate, take risks, and build successful businesses. However, beyond their entrepreneurial prowess, many successful business leaders also possess a deep commitment to philanthropy and are emerging as powerful philanthropists (think Bill Gates, Mark Zuckerberg, Pierre Omidyar).
According to a study by Fidelity Charitable, entrepreneurs are more likely to donate to charity than non-entrepreneurs, with 75% of entrepreneurs donating to charity compared to 52% of non-entrepreneurs. Additionally, the median annual donation of entrepreneurs is 50% higher than that of non-entrepreneurs. Lastly, entrepreneurs tend to give more of their time than non-entrepreneurs do: 61% of entrepreneurs want to be personally involved in charities, as opposed to just making financial contributions.