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The Philanthropy 50: Americans Who Gave the Most in 2008
Lorry I. Lokey
Rank: 37
Total amount committed in 2008: $46.7-million
Location: Portland, Oregon
Source of wealth: Media and entertainment
Donor's background: Mr. Lokey founded Business Wire, a San Francisco company that distributes news releases. He sold the company to Berkshire Hathaway in 2006 for an undisclosed amount.
Mr. Lokey, 81, pledged $42-million in 2008 to the Stanford University Donor Advised Fund, in California, for a stem-cell research center. Mr. Lokey also pledged $33-million to support the center in 2007. Details about a payment schedule were not available.
The center is scheduled to open in 2010, and will be named for Mr. Lokey, who graduated from Stanford in 1949 with a bachelor's degree in journalism.
Mr. Lokey said in a press release that he decided to support stem-cell research after the Bush administration restricted federal support for it in 2001.
He also donated real estate worth $4.5-million, and $200,000 in cash and securities, to the Lorry I. Lokey Supporting Foundation, in San Francisco.
About These Data
The giving figures listed for each individual are based on donations announced to date by the donors or their beneficiaries. In cases of bequests, most of the figures are estimates because the wills have not been settled. For news of gift announcements in 2009, visit the America's Top Donors database.
If you know about a recent gift of $1-million or more that should be added to this directory, please send a message to gifts@philanthropy.com.