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The Latest Breaking News from Philanthropy

MacKenzie Scott gave 17 nonprofits $97 million in the first half of 2023

MacKenzie Scott’s quest to give the bulk of her wealth to charity continues

The Independent UK

DonorsChoose sees banner donation year with help from Gates Foundation and millions of small gifts

DonorsChoose has seen a banner year for donations in 2023, setting records by collecting nearly $10 million during Teacher Appreciation Week in May

The Independent UK

Foundations seek to advance AI for good — and also protect the world from its threats

While technology experts sound the alarm on the pace of artificial intelligence development, philanthropists — including long-established foundations and tech billionaires — have been responding with an uptick in grants

The Independent UK

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Quick grants from tech billionaires aim to speed up science research. But not all scientists approve

Patrick Collison, the now 34-year-old billionaire CEO of the online payments company Stripe, and economist Tyler Cowen worried scientific progress seemed to be slowing down

The Independent UK

UK charity foundation to abolish itself and give away £130m

Lankelly Chase announces move after concluding that traditional philanthropy is ‘function of colonial capitalism’

The Guardian - UK

The wealthy should give more to charity, say people who stopped donating, according to a new poll

A new poll of Americans found that nearly half of those who stopped giving to charity over the past five years said they did so because they thought wealthier people could afford to give more — and should

The Independent UK

How to Maximize Your Impact With Strategic Philanthropy Tools

You can ensure your philanthropy aligns with your personal goals by using a tax-smart, donor-advised fund, one of the easiest tools for giving. Here’s how it works.

Kiplinger

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Pedro Pascal and World Bank's Ajay Banga among those named to Carnegie's 2023 Great Immigrants list

World Bank President Ajay Banga, Oscar winner Ke Huy Quan, singer-songwriter Alanis Morissette and “The Mandalorian” star Pedro Pascal are on this year’s Great Immigrants list from the Carnegie Corporation of New York

The Independent UK

He’s the world’s richest man. So why do we hear so little from Bernard Arnault?

France does not expect much in the way of philanthropy from its low-profile billionaire class. Perhaps it should, says Alexander Hurst of Sciences Po

The Guardian - UK

Warren Buffett has given $50.7 billion toward historic pledges to the Gates Foundation and others

After 17 years of steady payments, Warren Buffett has to date given annual donations totaling $50.7 billion toward his historic multibillion-dollar pledges to the Bill & Melinda Gates Foundation and to four foundations connected to his family, according to a Chronicle tally

The Independent UK

Foundations buoy a new movement of renters’ activism

After years of rising rents, a group of Kansas City, Missouri, renters came together in 2019 to form KC Tenants, armed with an annual budget of $30,000 and demands for a bill of rights to protect renters from rising prices, unjust evictions, and landlord abuse

The Independent UK

Forrests donate $5b in shares to philanthropic group

One of Australia's wealthiest families has committed nearly $5 billion to philanthropy in a share giveaway.

The New Daily

Charitable giving in 2022 drops for only the third time in 40 years: Giving USA report

Charitable giving in the United States declined in 2022 -- only the third time in four decades that donations did not increase year over year -- according to the Giving USA report released Tuesday

The Independent UK

George Soros hands control over his family's philanthropy to son Alex, after giving away billions and enduring years of antisemitic attacks and conspiracy theories

Billionaire investor and philanthropist George Soros is handing control of his US$25 billion holdings, including his Open Society Foundations, to one of his sons, Alexander Soros.

The Conversation

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Newsroom.co.nz

The university funding shortfall with no easy fix

Universities across the country are facing funding shortfalls. But philanthropy is unlikely to help them make up the difference.

The Conversation

It's not just climate – we've already breached most of the Earth's limits. A safer, fairer future means treading lightly

People once believed the planet could always accommodate us. That the resilience of the Earth system meant nature would always provide. But we now know this is not necessarily the case. As big as the world is, our impact is bigger.

The Guardian - UK

Guardian US announces appointment of Rachel White as executive vice president, philanthropy and business development

Guardian US today announces that Rachel White will take on a new expanded role as executive vice president, philanthropy and business development.

The Conversation

After the ALS ice bucket challenge and the rise of MrBeast, stunt philanthropy might be here to stay

Stunt philanthropy is what happens when influencers, other celebrities and people who aren’t famous at all use entertaining videos to encourage support for a charitable cause.

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Kiplinger

Three Ways Charitable Organizations Can Boost Public Trust

Silicon Valley Bank’s collapse adds to distrust in institutions, and that’s affecting nonprofits and grantmakers. Fresh expressions of transparency can show that the nonprofit sector is different.

The Guardian - UK

What does Jeff Bezos’s new fiancee see in the world’s third-richest man? Must be his enormous philanthropy

Giving money away is hard, says Lauren Sánchez, who is currently touring Europe with Bezos on his 417ft yacht, says Guardian columnist Marina Hyde

Kiplinger

In Philanthropy, Gen Z and Millennials Do It Their Way

Next-gen givers are flipping the philanthropy script. Here are five ways they’re taking a different approach to charitable giving.

The Independent UK

Ballmer Group awards $42.5 million to help more than 100 Black-led groups expand

A new grantmaking effort funded by former Microsoft CEO Steve Ballmer and his wife Connie’s philanthropic arm will provide $42.5 million over the next five years to support more than 100 Black-led nonprofits focused on improving economic mobility

Kiplinger

How to Find Room for Philanthropy Despite Challenging Times

The 'philanthropic squeeze' hits when consumers face higher costs and lower investment returns. Consider these three ways to maintain charitable giving.

The Guardian - UK

Turbocharge philanthropy, conga to Beethoven, ditch the ukuleles: 10 ways to save classical music

After cuts by Arts Council England and the BBC, Simon Rattle says UK opera houses and orchestras have never faced greater peril. How can they fight back? Top musicians outline their battle plans

The Independent UK

HBCUs get donations 178 times lower than Ivy League: study

The average historically Black college and university received 178 times less funding from foundations than the average Ivy League school in 2019, according to a new report on the underfunding of HBCUs released Tuesday

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