NEWS ABOUT: philanthropy

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America's Top Giver: Mark Zuckerberg

Facebook founder, wife gave $970M away last year

(Newser) - Mark Zuckerberg and his wife, Priscilla Chan, were the most generous American philanthropists in 2013, with a donation of 18 million shares of Facebook stock, valued at more than $970 million, to a Silicon Valley nonprofit in December. The Chronicle of Philanthropy says Zuckerberg's donation was the largest charitable... More »

Zuckerberg Donates Sizable Chunk of Fortune

And sells off more Facebook stock to pay his taxes

(Newser) - It may be true that people are a bit more generous around the holidays, but Mark Zuckerberg is taking that to a whole new level. Facebook's founder is once again making a hefty donation to the Silicon Valley Community Foundation: a block of Facebook stock worth $1 billion. He... More »

Frugal Seattle Man Leaves $188M Secret Fortune

His will gave children's hospital biggest gift in its history

(Newser) - An elderly man who had holes in his clothes and took buses instead of taxis has amazed Seattle Children's Research Institute with what it says is the biggest gift ever earmarked for pediatric research—in the entire US. The hospital's research center will receive the largest portion of... More »

Walt Disney's Daughter Dead at 79

Diane Disney Miller famously fought for Frank Gehry-designed hall

(Newser) - Walt Disney's eldest and last surviving child, Diane Disney Miller, died yesterday at age 79 in her Napa Valley home following complications from a fall, the LA Times reports. Her childhood playground visits with her sister helped inspire Disneyland, but she may have left her biggest mark with her... More »

Simpsons' Co-Creator Dying, Giving Away Fortune

Sam Simon's philanthropy feeds hungry people and animals

(Newser) - Lousy news from the world of television: Simpsons' co-creator Sam Simon has only months to live because of terminal colon cancer. The diagnosis came just five months ago for the 58-year-old, whose royalties from the show and the rest of his TV career have made him a millionaire many times... More »

Bloomberg's Thanks to Johns Hopkins Hits $1.1B

He's now the most generous living donor to any school in history

(Newser) - Michael Bloomberg is tossing the old alma mater a $350 million gift today, and Johns Hopkins University is marking the occasion by disclosing the grand total of all Bloomberg's gifts: Starting with $5 the year after graduating in 1964, the billionaire has given $1.1 billion to the college... More »

Ted Turner Made Philanthropy Cool Again

Kristof: Billionaires have taken up the cause, except for Donald Trump

(Newser) - Fifteen years ago, Ted Turner announced he was giving away $1 billion to UN causes such as fighting poverty, clearing landmines, and helping refugees. While that was one of the largest philanthropic giveaways ever, more important was the example it set for America's richest, helping to revive the tradition... More »

Billionaire Gives $100M to NYC's Central Park

Paulson gift biggest ever given to a park

(Newser) - Hedge fund manager John Paulson is parting with a chunk of his $11 billion fortune to make what is believed to be the biggest donation a park has ever received. Paulson, who made his fortune betting against subprime mortgages before the housing market crashed, is giving $100 million to preserve... More »

More Billionaires Agree to Give Away Half Their Wealth

But where's the money going?

(Newser) - Bill Gates and Warren Buffett have convinced 11 more billionaires to give away half of their wealth. The richies, including Netflix CEO Reed Hastings, will bring the total number of families participating in the "Giving Pledge" to 92. The campaign, launched two years ago, aims to convince the wealthy... More »

Poorer Give More to Charity

But rich donate big when living in diverse areas

(Newser) - When it comes to charitable donations, lower-income people are willing to part with a much bigger chunk of their discretionary income than big earners are, a study finds. Households that bring in $50,000 to $75,000 a year give 7.6% of their post-tax and post-living expenses income, on... More »

Mystery Donor Hiding Envelopes of Cash in Town

Secret philanthropist has given out more than $250K

(Newser) - One man in the small German town of Braunschweig was slipped an envelope filled with cash after he lost thousands of euros in a burglary. Another family, whose son was disabled in an accident, discovered a similar envelope. A hospice worker found yet another white envelope with $13,218 under... More »

Billionaire Pays to Fix Washington Monument

David Rubenstein chips in $7.5M

(Newser) - Billionaire history buff and Carlyle Group co-founder David Rubenstein has agreed to chip in $7.5 million to help repair the damage the Washington Monument suffered in the August earthquake that shook the region. Congress had already allocated $7.5 million to the task, and expected an equal amount to... More »

ACLU Sues Newark Over Zuckerberg Donation

Suit seeks transparency over $100M gift to school system

(Newser) - The American Civil Liberties Union is suing Newark on behalf of a parents group that wants to know exactly what the city plans to do with Mark Zuckerberg's $100 million gift to its school system . The ACLU is demanding that the city release all correspondence between the Facebook founder,... More »

Americans Gave More to Charity Last Year

But the $290B we ponied up in 2010 is still below 2007 levels

(Newser) - Charitable giving increased last year as the economy improved, rising 3.8% to $290.89 billion, up from $280.3 billion in 2009. "There was a lot more optimism, all relative, in 2010," says an analyst. "People are still generous despite uncertainty, despite not having jobs, and... More »

Donald Trump Is a Lousy Philanthropist

Tax forms reveal a miserly giving habit: Smoking Gun

(Newser) - Donald Trump is not a particularly giving man. Sure, he heads up a charity, the Donald J. Trump Foundation, but after reviewing that charity’s IRS forms, the Smoking Gun concludes that Trump “may be the least charitable billionaire in the United States.” Trump's foundation gave just $6.... More »

Plans for Madonna's Malawi School Collapse

Her charitable foundation pulls plug amid financial mess

(Newser) - A plan spearheaded by Madonna to build a $15 million school for impoverished girls in Malawi has been officially scrapped amid charges that the people running the project on her behalf squandered millions, reports the New York Times . In addition, the foundation Madonna founded with other Kabbalah devotees, Raising Malawi,... More »

Bill Gates Even Gave Away Richest-Guy Title

'Forbes' list wouldn't be a contest if he hadn't discovered philanthropy

(Newser) - Forbes will unveil its 2011 billionaires list tomorrow, and Bill Gates will certainly make an appearance, reports Reuters . But it turns out the longtime richest guy in the world fell to No. 2 last year not because of Microsoft's waning fortunes, but because he literally gave away the title. "... More »

Zuckerberg, 15 Other Tycoons Vow to Give Away Fortunes

Facebook founders join Gates, Buffett's 'Giving Pledge'

(Newser) - Facebook founders Mark Zuckerberg and Dustin Moskovitz, the youngest billionaires in America, have become the youngest billionaires in history to pledge to give away most of their money. The pair are among 16 billionaires who have recently signed the "Giving Pledge" organized by Bill Gates and Warren Buffett, the... More »

Charities Take Biggest Hit in 20 Years

Donations are down 11%, report finds

(Newser) - Charitable donations plunged 11% in 2009, the worst drop in 20 years, a new report has found. The Philanthropy 400, to be released today by the Chronicle of Philanthropy, found that even the country's top charities, such as the United Way and the Salvation Army, were hit hard by the... More »

Poor? You Can Still Save the World

20 ways to make a charitable donation without emptying your wallet

(Newser) - Even if the Great Recession has left you without a lot of disposable income, you can still help make the world a better place. The Christian Science Monitor rounds up no- and low-budget ways you can help by donating:
  • Business attire: The clothes you're no longer wearing to the office
... More »

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