Schmitz: Higher education, hospitals, medical research, foundations and donor-advised funds – which serve as savings accounts reserved for charitable giving – drew the biggest gifts in 2025. The education and medical fields are a perennial favorite of high-dollar donors. To a degree, these preferences for supporting education and health were first expressed by Andrew Carnegie in his 1889 essay, “The Gospel of Wealth,” in which he famously claimed that “the man who dies rich dies disgraced.”
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