NET WORTH: $1.3 billion
SOURCE OF WEALTH: Founder of AOL
FUNDING AREAS: Community and Economic Development, Education, Healthcare, and International Development
OVERVIEW: Steve Case and his wife Jean do much their giving through the Case Foundation, but they also make personal donations to a number of community organizations, including schools, churches, and other charitable groups. They have signed the Giving Pledge, committing to give most of their fortune to charity.
BACKGROUND: Born and raised in Hawaii, Steve Case attended Williams College. In 1985, Case helped found Quantum Computer Services. He became CEO in 1991 and changed its name to America Online. AOL merged with Time Warner in 2001 in a $164 billion deal. In 2005, Case founded the hedge fund Revolution with a mission to drive major societal change by giving consumers more power over their lives.
HEALTH: Case chairs Accelerate Brain Cancer Cure (ABC2), a nonprofit he cofounded with his late brother, Dan, together with Dan's wife, Stacey, and his own wife, Jean. Similarly, Case supported the Susan G. Kornen Breast Cancer Foundation, as well as Sisu Global Health, one of the six winners of Case's Rise of the Rest Competition, in which each winner was awarded $100,000.
VOLUNTEERISM: The Case Foundation supports organizations such as Atlas Corps, Youth Serve America, the National Conference on Citizenship, and Global Year Citizen, all of which seek to encourage people to give their time and connect them to volunteer oppotunities.
ENCOURAGING & ENABLING GIVING: The Case Foundation is fully engaged in something akin to a social networking model of philanthropy. This model attempts to use new technologies to make giving more effective and increase giving among average people. Onee example of this approach was the foundation's initiative called America's Giving Challenge, which it claims has thus far resulted in nearly 200,000 people donating nearly $4 million to thousands of causes. The foundation gave an additional $1 million to the causes "...that recruited the most donors and were most successful in using online and offline strategies to mobilize support." They have also been responsible for helping develop and promote platforms for microphilanthropy, mobile giving, and other technological advances in the giving space.
INTERNATIONAL DEVELOPMENT: Case has begun focusing on issues outside of the US, first donating to clean water initiatives such as Roundabout Water Solutions, and more recently Water for People, to whom the Case Foundation has donated well over $200,000. The foundation has also supported the United Nations Foundation, Up Global, and Sanergy. Case joined Al Gore and Richard Branson in donating $19 million to M-Kopa, a Kenyan-based solar energy start up.
LOOKING FORWARD: In 2011, President Obama appointed Case to lead the non-profit Startup America Partnership in the hopes of stimulating the growth of new companies. With the help of Obama and several members of Congress, Case was able to help push through a bill that allowed startups and non-profits to engage in Internet crowdfunding. He's since worked on initiatives that use this model to decide which organizations to fund, a trend that may likely continue.
- Brian Sasscer, Senior Vice President Strategic Operations, BrianS@casefoundation.org