philanthropy

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He Made $8B, Quietly Gave Almost All of It Away
He Made $8B,
Quietly Gave
Almost All
of It Away
in case you missed it
Oct 14, 2023 1:15 PM CDT

He Made $8B, Quietly Gave Almost All of It Away

Charles Feeney, who founded Atlantic Philanthropies, Duty Free Shoppers, dies at age 92

(Newser) - Almost seven years ago, Charles Feeney achieved what the New York Times calls a "rarity in the philanthropic world": He managed to fulfill his promise to clear out the coffers of Atlantic Philosophies, the foundations group he founded in the '80s, and give away nearly all of his...

Billionaire Offers Surprise Gift to Grads at Commencement

Robert Hale gifts $1K to each UMass Boston student during ceremony, with a heartwarming catch

(Newser) - Students being honored at Thursday's graduation ceremony at UMass Boston not only received their diplomas—there was also an extra-special gift waiting for them, courtesy of commencement speaker Robert Hale, the billionaire CEO of Granite Telecommunications and part owner of the Boston Celtics. CNN reports that as the university'...

Bloomberg Plans to Make Enormous Donation to Charity

He plans to leave his company to his Bloomberg Philanthropies charity

(Newser) - Bloomberg LP has confirmed that billionaire founder Michael Bloomberg plans to leave the company to his charity when he dies—or possibly sooner. The media and financial information company accounts for most of Bloomberg's estimated $94.5 billion fortune and the donation "could end up becoming the largest...

Anonymous Quake Donor in US Goes to Embassy, Gives $30M

Pakistani living in America reportedly made donation at Turkish embassy in DC

(Newser) - Someone living in the US was reportedly moved to help victims of the Turkey-Syria earthquake in a big way. According to a tweet from Pakistan's prime minister, an anonymous Pakistani in America walked into the Turkish embassy in DC and donated $30 million, reports Insider . "Deeply moved by...

Bezos' Ex Is Already Doing This. Now He Is, Too

After much criticism, Amazon founder says he plans on giving away most of his fortune in his lifetime

(Newser) - If it wasn't clear what Jeff Bezos plans to eventually do with his amassed wealth, he's just offered some clarification. He's going to give away most of his $124 billion before he dies, he tells CNN , which notes this is the first time the Amazon founder has...

This Is the Most Giving State in America

Congrats to Utah, according to WalletHub's ranking of the most, least charitable states

(Newser) - If you're in a position to be philanthropic, whether that means donating your money or your time, where you live can make a difference in terms of enthusiasm from fellow locals—which in turn might inspire even more of your own altruism. WalletHub looked at 19 metrics across all...

MacKenzie Scott Gives Girl Scouts Its Biggest Gift Ever

Philanthropist donates more than $84M to group

(Newser) - Philanthropist MacKenzie Scott donated $84.5 million to Girl Scouts of the USA and 29 of its local branches, the 110-year-old organization said Tuesday, calling it a vote of confidence. "Her support of our organization means honestly just as much as the donation," Sofia Chang, CEO of GSUSA,...

Bezos Family Gives $710M to Cancer Center

Seattle research center hopes to use donation to speed up trials

(Newser) - The Seattle-based Fred Hutchinson Cancer Center has announced a $710 million gift from the Bezos family, the largest gift the center has ever received and one of the largest to go to any single cancer research organization in recent years. The donation will fund 36 new research labs, the building...

Three Decades Ago, She Struggled to Pay the Rent
Three Decades Ago, She
Struggled to Pay the Rent
longform
Apr 16, 2022 10:21 AM CDT

Three Decades Ago, She Struggled to Pay the Rent

'New York Times Magazine' profiles MacKenzie Scott

(Newser) - A new profile of MacKenzie Scott in the New York Times Magazine points out that 30 years ago, she was putting herself through Princeton as a waitress and worried about paying the rent. At one point, her college roommate, after finding Scott crying on the couch, gave her a $1,...

SEC: Elon Musk Gave $5.7B in Tesla Shares
From Elon Musk,
a $5.7B Gift
Feb 15, 2022 8:36 AM CST

From Elon Musk, a $5.7B Gift

SEC filing indicates Musk donated 5M Tesla shares to unidentified charity or charities in November

(Newser) - Elon Musk kicked off the holiday season at the end of last year with a rather large gift: about $5.7 billion in Tesla shares, donated to an unidentified charity or charities. CNN Business reports that the comped 5,044,000 shares, presented between Nov. 19 and Nov. 29, were...

Oprah on Beverly Hills Murder: 'World Is Upside Down'

Jacqueline Avant's shooting death follows string of robberies targeting the rich and famous

(Newser) - Oprah Winfrey is among the celebrities in shock at the killing of Jacqueline Avant , a philanthropist with ties to the rich and famous who called Beverly Hills home for half a decade. The 81-year-old wife of legendary music producer Clarence Avant and mother of former US ambassador to the Bahamas...

What Happens When 2 Billionaires' Exes Team Up? This

MacKenzie Scott, Melinda French Gates donate $40M to programs supporting gender equality

(Newser) - We don't know (though we'd love to) what the flies on the wall hear when MacKenzie Scott and Melinda French Gates get together, but one of their recent conversations apparently took a philanthropic turn. The two billionaires—and exes of former Amazon CEO Jeff Bezos and Microsoft co-founder...

MacKenzie Scott Slams Wealth Gap, Donates Billions More

Jeff Bezos' ex-wife gives to 286 organizations

(Newser) - MacKenzie Scott just made a lot of people very happy. The billionaire philanthropist and ex-wife of Amazon founder Jeff Bezos announced Tuesday in a Medium post that she has given away another $2.7 billion to 286 organizations, per the AP . It's the third round of announcements Scott has...

Ex-UPS Driver's Gift Is Biggest Alum Donation Ever to HBCU

Calvin Tyler Jr. dropped out of Morgan State University in 1963

(Newser) - If anyone knows what it's like to struggle to pay for college, it's Calvin Tyler Jr. He enrolled at Baltimore's Morgan State College (now Morgan State University) in 1961 to pursue a degree in business administration. A lack of funds forced him to drop out two years...

These Are the Biggest Donors in the US

Jezz Bezos and ex MacKenzie Scott top the list

(Newser) - These are the donors who gave the most in 2020, according to the Philanthropy 50, an annual ranking compiled by the Chronicle of Philanthropy, per the AP . A searchable database with more information on the donors and their beneficiaries is available at philanthropy.com .
  1. Jeff Bezos, Amazon founder, $10.2
...

US Philanthropists Getting Vaccine to Iran

Unidentified group aims to ship 150K doses of Pfizer vaccine to hard-hit country

(Newser) - An unidentified group of US-based philanthropists plans to send 150,000 doses of the Pfizer vaccine to Iran in the coming weeks, Iranian media reported Monday, per the AP . Details remained scarce in the report by the semiofficial Tasnim News Agency. It quoted the chief of the country's Red...

'James Bond of Philanthropy' Has Gone 'Broke'

Billionaire Chuck Feeney inspired Warren Buffett's giving

(Newser) - Chuck Feeney made billions after co-founding airport retailer Duty Free Shoppers in 1960. He's been "living a life of monklike frugality" ever since, according to Forbes , which reports the world is better for it. The "James Bond of philanthropy" has anonymously donated more than $8 billion to...

Greta Turns Down 'More Money Than I Can Imagine'

$1.15M will go to green groups around the world

(Newser) - Greta Thunberg could be swimming in "more money than I can even begin to imagine." Instead, she'll donate $1.15 million to various projects addressing climate and ecological crises and those focused on sustainability. The 17-year-old climate activist was awarded the money as part of the Gulbenkian...

Laurene Powell Jobs on Family Wealth: 'It Ends With Me'

Steve Job's widow says she wants her $24B to be spread around

(Newser) - The world's 35-richest person says her children aren't likely to inherit very much, Business Insider reports. Laurene Powell Jobs, widow of the late Steve Jobs, says she wants to distribute the former Apple CEO's money "in ways that lift up individuals and communities in a sustainable...

Soros Drops $1B to &#39;Stop Drift Away From Democracy&#39;
Philanthropist
Makes $1B
Promise
Jan 25, 2020 5:15 PM CST

Philanthropist Makes $1B Promise

George Soros plans worldwide network of universities

(Newser) - George Soros made a big promise Thursday, and it's gonna cost him. The wealthy philanthropist announced he'll donate $1 billion toward liberal-arts education in a worldwide network of universities, the Guardian reports. It will be "the most important and enduring project of my life," he said...

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