In July 2010, Paul Allen vowed to give away half his fortune to help charitable causes. The promise was in response to Bill Gates’ The Giving Pledge asking billionaires in the United States to hand over money to help the needy.
As of 2018 185 of the world’s wealthiest people had signed up to give back and of those fortunate people across 22 countries, the likes of Mark Zuckerberg and Warren Buffet have pledged.
At the time of his commitment, Allen was worth around $13.5billion but he was estimated to be worth $20billion when he passed away October 15, 2018.
In 2010 Allen had already given away $1billion by creating foundations and non-profit organizations.
He vowed $100million would go toward setting up the Allen Institute for Cell Science in 2014. He gave more than $2billion help the arts, environment and educational causes during his lifetime. Allen founded the Experience Music Project/Science Fiction Museum in Seattle in 2000.
Allen had also donated $95million in the past year alone.
By 2010 he had made the Chronicle of Philanthropy’s annual Philanthropy 50 eight times, most notably for donating $85million in 2009 and placing no.11 on the list that year.
‘I’ve planned for many years now that the majority of my estate will be left to philanthropy to continue the work of the foundation and to fund nonprofit scientific research, like the ground breaking work being done at the Allen Institute for Brain Science,’ he said in a statement about the Paul G. Allen Family Foundation in 2010.