For the third consecutive year, Taylor Swift has been named as the year's most charitable celebrity. The "I Knew You Were Trouble" star beat the likes of Emma Watson, Beyonce and Miley Cyrus to bag the top honour by U.S. based charity DoSomething.org. The non-profit organisation gave the honour to the 25-year-old because the songstress donated all the money she earned from her single, "Welcome To New York" to the public schools in New York City.

The second place is bagged by "Orange Is The New Black" actress Laverne Cox. Laverne is hailed as the voice for the LGBT community after she played the role of a transgender Sophia Burset in the series.

Pop star Beyonce bagged the third spot. Queen Bey's #BeyGOOD campaign helps in giving work to jobless people, giving clothes to donation centers and also help resettle the homeless people by providing them "counseling, housing, food and medical assistance," writes celebsgonegood.com.

Next on the list is the surprise entry of "We Can't Stop" singer Miley Cyrus. The rebellious singer used her speech at the MTV Video Music Awards to promote a homeless youth named Jesse Helt. The 21-year-old won the "Video Of the Year" award at the ceremony but let Jesse go on stage to accept her award so that he can spread awareness about the condition of homeless young people.

Fifth spot went to actress Emma Watson. The "Harry Potter" actress was honoured to promote feminism through her speech at the United Nations, where she is the ambassador. She was also recognised for the launch of the #HeForShe campaign. British boy band One Direction narrowly missed out a place in the top 20 list. The boy band hit the sixth spot and was recognised for raising $341,869 for "Stand Up To Cancer."

Other celebrities on the list include WWF champ John Cena, "Grey's Anatomy" creator Shonda Rhimes, actress Lupita Nyong'o, Kerry Washington and singer Justin Bieber. The "Boyfriend" singer was honoured for making 200 wishes come true of his fans under "Make A Wish Foundation." Bieber also worked with #CardsForDanny, an organisation that sends birthday wishes to a boy battling cancer. Click on the slideshow above to see the Top Five most charitable celebrities of 2014.

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From left to right, actresses Uzo Aduba, Danielle Brooks, Laura Prepon, Laverne Cox and Natasha Lyonne pose with the Best Comedy Series award for quotOrange Is the New Blackquot at the 4th annual Critics Choice Television Awards in Beverly Hills, Cal
From left to right, actresses Uzo Aduba, Danielle Brooks, Laura Prepon, Laverne Cox and Natasha Lyonne pose with the Best Comedy Series award for "Orange Is the New Black" at the 4th annual Critics' Choice Television Awards in Beverly Hills, California June 19, 2014. REUTERS/Danny Moloshok Reuters/Danny Moloshok
Singer Beyonce Knowles Arrives At The Metropolitan Museum Of Art Costume Institute Gala Benefit.
Singer Beyonce Knowles arrives at the Metropolitan Museum of Art Costume Institute Gala Benefit celebrating the opening of "Charles James: Beyond Fashion" in Upper Manhattan, New York in this May 5, 2014 file photo. Reuters
Emma Watson
Recently Sexy For: being appointed as a United Nations (U.N.) Women Goodwill Ambassador. The “Harry Potter” series star spoke at the U.N. headquarters to launch the U.N. Women campaign HeForShe which advocates gender equality. Reuters
Singer Taylor Swift performs during the 2014 Victorias Secret Fashion Show in London
Singer Taylor Swift performs during the 2014 Victoria's Secret Fashion Show in London December 2, 2014. Reuters/Suzanne Plunkett
Singer Miley Cyrus poses at the amfARs Fifth Annual Inspiration Gala in Los Angeles, California October 29, 2014.
Singer Miley Cyrus poses at the amfAR's Fifth Annual Inspiration Gala in Los Angeles, California October 29, 2014. Reuters/Mario Anzuoni
United Nations New York Cancer Justin Bieber