Many wealthy asset managers donate large amounts to charity, and Garrett Thornburg of mutual fund manager Thornburg Investment Management is among those that give through their own charities. In fact, just in 2021 alone, he donated $14.6 million worth of shares of Thornburg's Value CL I and Core Growth CL I funds to his foundation.
According to its latest 990 filed in November 2022, the Thornburg Foundation had $158.6 million in assets at the end of 2021. We can get an idea of which fund managers Thornburg trusts the most by looking at where his foundation invests its money.
Q1 2023 hedge fund letters, conferences and more