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The Latest Breaking News from Philanthropy

FTX bankruptcy is bad news for the charities that crypto mogul Sam Bankman-Fried generously supported

FTX, an exchange for trading cryptocurrencies, quickly became bankrupt and defunct in November 2022. Its founder, Sam Bankman-Fried, is broke, and the 30-year-old former billionaire could be in serious legal trouble for his alleged financial improprieties. The Conversation asked Brian Mittendorf, an accounting scholar at The Ohio State University, to…

The Conversation

Jeff Bezos steps up 'flashy' giving while ex-wife quietly donates billions

Jeff Bezos' $100 million award to Dolly Parton is something of a puzzle to Phil Buchanan, president of the Center for Effective Philanthropy.

Tribune News Service

MacKenzie Scott donations avoided feared pitfalls: New study

MacKenzie Scott’s big gifts have been a boon to the charities who received them, and widespread fears in the nonprofit world that her gifts would lead other donors to pull back their support or that small groups wouldn’t be able to handle them were largely unfounded

The Independent UK

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Amazon founder Jeff Bezos says he will give away most of his fortune

Amazon founder Jeff Bezos said he will give away the majority of his wealth during his lifetime, becoming the latest billionaire to pledge to donate much of his vast fortune.

France 24

Amid layoffs, Bezos' grand charity plan

"Building Amazon was not easy ... charity, philanthropy, is very similar"

Salon

Jeff Bezos vows to give away most of fortune – and hands Dolly Parton $100m

Amazon founder wants to donate much of $124bn wealth to causes such as climate crisis and world unity

The Guardian - UK

FTX bankruptcy also endangers founder's philanthropic gifts

The rapid collapse of cryptocurrency exchange FTX into bankruptcy last week has also shaken the world of philanthropy, due to the donations and influence of FTX founder Sam Bankman-Fried in the “effective altruism” movement

The Independent UK

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More big donors supporting - and discussing - mental health

Wealthy donors publicly gave more to mental health last year than in any other year over the past decade: According to a Chronicle of Philanthropy tally of publicized donations of $1 million or more, 15 donors gave 16 such gifts totaling nearly $767 million in 2021

The Independent UK

Billionaire Mark Cuban Attacks Charities

The successful entrepreneur casts doubt over the perception that philanthropy is making a lot of progress.

The Street

Tech Billionaire Mark Cuban Is Sad

The successful entrepreneur casts doubt over the perception that philanthropy is making a lot of progress.

The Street

Charitable giving to fight climate change rises 25% to $7.5B

Charitable giving to organizations that work to slow climate change have increased in the past year, and many more groups are receiving funds than just a few years ago

The Independent UK

Philanthropy pours more money into advancing Latino wealth

Juan Hernandez III leads Creser Capital Fund, which lends to people traditional banks often are reluctant to help

The Independent UK

Jeff Bezos gets philanthropy award at Vatican even as ex-wife gives away more of her fortune

Ex-wife MacKenzie Scott giving away her billions at a faster clip, according to observers

The Independent UK

Chicago-based group brings urgency to philanthropy

Lever for Change, part of the MacArthur Foundation, connects donors to unheralded organizations taking on deep troubles in society.

Chicago Sun-Times

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The Independent UK

Carnegie Medal of Philanthropy celebrates 20th anniversary

Dolly Parton proudly accepted the Carnegie Medal of Philanthropy at Gotham Hall Thursday night, saying she was “proud and honored to be a part of anything that is going to make the world a better place.”

The Independent UK

Dolly Parton donation strategy: 'I just give from my heart'

Dolly Parton laughs at the idea that she is some sort of secret philanthropist

Bangkok Post

Artist seeks to help others through charity auction

Just before the novel coronavirus pandemic, artist Boaz Zippor launched his Creative Philanthropy project, using his artwork to raise funds for charity.

The Independent UK

Ford offers $80 million to fight global authoritarianism

The Ford Foundation will commit $80 million over the next five years to work that strengthens nonprofits fighting against authoritarian regimes

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The Independent UK

Nonprofits help fund immigrants' legal fights on deportation

As the number of immigrants seeking court permission to avoid deportation grows, foundations in Los Angeles have joined with local governments to direct millions of dollars to pay for lawyers to represent the immigrants, an effort they hope will be copied across the country

The Conversation

Patagonia's founder has given his company away to fight climate change and advance conservation: 5 questions answered

Patagonia founder Yvon Chouinard, his wife and their two adult children have irrevocably transferred their ownership of the outdoor apparel company to a set of trusts and nonprofit organizations.

The Independent UK

Bill Clinton: 'The world's on fire,' but teamwork can help

President Bill Clinton says he is amazed by the massive response to the return of the Clinton Global Initiative

The Independent UK

Q&A: Craig Newmark aims to defend democracy via philanthropy

Craig Newmark twists a “Batman” quote to jokingly refer to himself as “not the nerd you want, but maybe, now and then, I’m the nerd you need.”

The Conversation

Donor beware: Pause before you give to any cause

The public’s trust in nonprofits declined from 59% in 2020 to 56% in 2022, according to Independent Sector, a coalition of nonprofits, foundations and corporate giving programs that tracks trends in philanthropy.

The Independent UK

Limited funding hampers charities’ early monkeypox response

Two biopharmaceutical companies will give $5 million and $500,000, respectively, to nonprofit organizations in the United States and abroad that are responding to the growing monkeypox outbreak

The Independent UK

Wendy Schmidt gives big to protect oceans, planet's future

The health of the world’s oceans looms large in Wendy Schmidt’s thinking about the planet’s future and in her giving

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