philanthropy

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Sean Parker Just Made 'Unprecedented' $250M Cancer Move

New institute will bring together leading research centers

(Newser) - Big news in cancer research Wednesday: Sean Parker, the founder of Napster and a co-founder of Facebook, is giving $250 million to six leading cancer centers so they can collaborate on immunotherapy in what Fortune calls "unprecedented" fashion. The nitty gritty:
  • The new Parker Institute for Cancer Immunotherapy will
... More »

$102M in Donations, but Not a Penny From Trump Himself

Lots of rounds of golf and other giveaways, though: 'Washington Post' analysis

(Newser) - Last year, Donald Trump's campaign gave the AP a 93-page list it claimed documented $102 million that he's donated to charity over the past five years. The AP didn't print the list—though it published a story deeming Trump's philanthropy "elusive"—but it's... More »

Nike Co-Founder Rains $400M Donation on Stanford

Philip Knight's gift, one of the biggest to a college ever, will fund scholarship program

(Newser) - Stanford University is launching a program it's calling the "largest single increase in student financial aid in Stanford's history," and it has Nike's chairman to thank for the lion's share of it, NPR reports. Philip Knight, also one of Nike's co-founders, has pledged... More »

Philanthropist Gives $18.5M to Fix Up Lincoln Memorial

'I’m very honored as an American to be able to contribute in this way'

(Newser) - The Lincoln Memorial will be getting a much-needed facelift in the coming years thanks to an $18.5 million donation from one history-loving philanthropist, CNN reports. "Lincoln deserves to have his memorial in tip-top shape," David Rubenstein tells the AP . The president of the National Park Foundation admits... More »

North Face Founder's Widow Is Giving Away a Lot of Land

Kristine Tompkins is working with Chile

(Newser) - When North Face founder Doug Tompkins died in December in a kayaking accident, it seemed as if his South American conservation efforts had come to a premature end. But his widow is looking to carry on his philanthropy, with the BBC reporting she has offered a huge chunk of land... More »

Zuckerbergs' Philanthropy: A 'Big Waste'?

Move meets some scorn online

(Newser) - The announcement by Mark Zuckerberg and wife Priscilla Chan Zuckerberg that they'll donate 99% of their Facebook shares—$45 billion at today's value— to a foundation they created with the birth of their daughter isn't being met with universal praise. Some examples:
  • 'Big waste': "It
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Real-Life Santa Buys Entire Toy Store for Homeless Kids

'I know everyone can use a gift around the holidays'

(Newser) - How does someone who regularly purchases hundreds of toys per year for New York City's foster kids step up her philanthropic game? By buying an entire toy store. The idea came to Carol Suchman when she noticed a closed shop with a for rent sign in her neighborhood, NY1... More »

Saudi Prince Is Giving Away His Entire Fortune

Alwaleed's billions will go to charity

(Newser) - The push by Bill Gates and Warren Buffett to get billionaires to give away at least half their wealth to charity just got a major boost: Saudi Arabia's Prince Alwaleed bin Talal says he will give away his entire $32 billion fortune in the coming years, reports Bloomberg . That... More »

Tim Cook Reveals What He'll Do With His Fortune

Apple's CEO will carve out some for his nephew, give rest away

(Newser) - Before Tim Cook kicks the bucket—and after he sets aside enough money for his 10-year-old nephew's education—he plans to leave all of his wealth to charity. In an interview with Fortune , the CEO of Apple, which could soon become the world's first company worth $1 trillion... More »

Bill Gates' Hunger Fight Is Deeply Flawed: Report

Hardly any money goes directly to African groups

(Newser) - Though the Bill and Melinda Gates Foundation has spent $3 billion to fight hunger in poor countries, most of that money has gone to groups based in wealthy countries, a new report finds. Just 10% of the money has gone to African organizations, while more than 80% has headed to... More »

Gates Foundation Gives $50M to Ebola Fight

Money will pay for supplies, diagnostics, drugs

(Newser) - The fight to curtail the Ebola epidemic has more support—$50 million from the Bill & Melinda Gates Foundation to finance supplies, drug and vaccine development, and diagnostics, as well as bolster emergency response, Reuters reports. "We are working urgently with our partners to identify the most effective ways... More »

Cash-Stuffed Envelopes Hit a 4th City

Anonymous millionaire moves on to Burbank, Calif.

(Newser) - Cash-stuffed envelopes first appeared in San Fransisco , then San Jose and Los Angeles . Now, an anonymous millionaire operating the Twitter account @HiddenCash has shared his wealth with Burbank, Calif. KTLA reports a man and a coworker were lucky enough to find $135 near the huge Empire Center after a clue... More »

Cash-Stuffed Envelopes Being Hidden Beyond SF

San Jose, LA share the wealth

(Newser) - The trail of cash has made its way beyond San Francisco. The anonymous millionaire who last week began stashing envelopes of dough around the City by the Bay showered San Jose with cash for a single day, with five drops in the city yesterday, the Mercury News reports. While revealing... More »

Envelopes of Cash Being Hidden Around SF

Real estate millionaire says LA is next

(Newser) - Someone who has made a lot of money in the San Francisco real estate market is giving some of it back—in $20 and $100 bills stuffed in envelopes hidden around the city. All that's known about the anonymous millionaire, who uses the Twitter handle @HiddenCash : He's between... More »

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 »

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