The CEO of this $30 billion company gives half of his gross income to charity
Long ago, he publicly vowed to give an increasing percentage of his gross income to charity and he's now up to 50%, he tells Business Insider.
"I make a lot of money so I can give a lot of money away. We have a small foundation, but most of it we just give directly from our revenue and overall holdings that we have," he says.
"My wife and I set an objective early on to increase the percentage of our gross income every year to charities. We're almost at 50%. For every dollar I get, I'm giving away 50% of gross income."
He gives away so much of his income that he's "running into tax limitations," he says. "They don't even let you write it off at that level. Appreciated assets is 30% and cash is 50% of income. So, I'm just accruing this deductible bucket for the future," he laughs.
Most of his donations involve the Christian faith
As a dedicated Christian, his giving tends to involve the church.
For instance, helped establish a Christian university in Sacramento area, William Jessup, "producing next-generation of Christian leaders in business and church leaders."
Another charity is "a church planting organization, where we will plant about 70 churches this year across the Americas, US, and South America." The churches in South America will also help sponsor and support children.
He also supports Christian-oriented medical teams that participate in disaster relief efforts.
But his favorite charity is one that has sent thousands of kids to school in Africa.
"I have good friends who are leading this work in Africa, literally working in the slums of Nairobi. So we have over 10,000 kids now in schools and most of those kids are born of AIDS parents and now have have one or no parents. Most of them would not have gotten anywhere in life," he says.
"We now have the first seniors going into college this year. Over half of the seniors are now going on to universities in Kenya, four of them are studying abroad on national scholarships. Those are pleasures that bring Linda and I more joy than any human should have," he says.
Guilty pleasures
But his true guilty pleasure is his multiple homes.
"I have a home in California. We kept our home in Oregon. We have a vacation home in Oregon. Sometimes I wonder, how many bedrooms does one man need?"
His wife, Linda, splits her time 50/50 between Oregon and the Bay Area, shuttling between grown children and grandchildren in both locations.
Gelsinger was born to very humble circumstances. The son of a farmer and still refers to himself as "a farm boy from Pennsylvania."
He is grateful to have worked his way into the 1%.
"I live an extremely comfortable lifestyle, compared to where I came from. Some days I feel like just pinching myself. Could it be better? Literally a day that I'm not getting bit by horses or kicked by cows, or sweating in a hey mound, does it get better than that?"