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FRIDAY, NOVEMBER 27, 2009
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NEWS ABOUT: philanthropy

philanthropy stories: 64 news summaries

21 - 40 of 64 Stories | << Prev 1 2 3 4 Next >>

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Madoff Scam Zaps Key Science Funds

Medical research set back years as bilked charities slash aid

Feb 12, 09 2:23 AM CST
(Newser) - Bernard Madoff's alleged Ponzi scheme is sending shockwaves deep into the worlds of medicine and science as scammed charitable foundations yank funding for key research projects, reports the Wall Street Journal. Experts believe the number of people affected by the scam's impact on health care could run into the millions.... More »

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philanthropy • fraud • medical research • Ponzi scheme • defrauding investors • Bernard Madoff

Nonprofits Look to Change Rules on Endowments

Meltdown forces tough choice: present survival or future value?

Feb 11, 09 7:21 AM CST
(Newser) - Nonprofits reeling from the market meltdown's impact on their investments are pushing to be allowed to tap endowment funds, many of which are off-limits because they've lost value, reports the Wall Street Journal. At issue is the balance between surviving the current crisis and spending funds that can never... More »

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philanthropy • higher education • museum • college • university • charity • nonprofit • Brandeis • endowment • financial crisis

(Newser) - A technology entrepreneur has given Massachusetts General Hospital its largest gift ever—$100 million—to create an interdisciplinary institute focused on finding an AIDS vaccine, the Boston Globe reports. The institute will bring together doctors and scientists from MGH, Harvard, and MIT, including engineers and mathematicians, who would otherwise... More »

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philanthropy • HIV • MIT • Harvard • AIDS vaccine • Massachusetts General Hospital • Terrence Ragon

(Newser) - The economic crisis isn’t just hurting Wall Street executives—it also spells dark times for the charities they once supported, the Wall Street Journal reports. The number of US nonprofits climbed from about 750,000 a decade ago to more than a million today, but watchers say 100,... More »

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philanthropy • Wall Street • New York City • charity • nonprofit • Ponzi scheme • community organizers • Bernard Madoff • charitable giving • recession depression

(Newser) - Forget for a second the Arab oil money that buoys the Clinton Foundation, Marty Peretz writes in the Wall Street Journal—“since when is the Clinton Foundation one of the approved charities of the United Way?” Nonprofits and foundations, from hospitals to universities to opera companies, are lining... More »

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philanthropy • Bill Clinton • charity • donation • Clinton Foundation • Martin Peretz

Madoff Scam Soaks Jewish Charities

His Wall Street
fraud will wipe out philanthropic groups

Dec 13, 08 12:08 PM CST
(Newser) - Rich investors and hedge funds aren’t the only ones losing their shirts in Bernie Madoff’s Ponzi scheme. Madoff was a giant in the small world of Jewish philanthropy, running millions for a variety of charitable organizations, the Washington Post reports. Deborah Coltin, for example, woke up yesterday... More »

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philanthropy • charity • Ponzi scheme • Jewish • Bernard Madoff

(Newser) - A select group of homeless people in Los Angeles now have some relatively decent digs, the Los Angeles Times reports. The EDAR, which stands for for Everyone Deserves a Roof, is a portable shelter that can be used to transport belongings by day. At night it unfolds into a... More »

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philanthropy • California • Los Angeles • homeless • shelter • poverty • Peter Samuelson

 A-Rod: 'We're
 Friends—That's It' 

Slugger would rather discuss charity work

Dec 5, 08 9:45 AM CST
(Newser) - Alex Rodriguez says he isn't dating Madonna and insists, apparently with a straight face, “We’re friends—that’s it,” People reports. The Yankee third baseman digs the pop icon's philanthropy and, when pressed, said he has attended only two of Madonna’s concerts and “I have... More »

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philanthropy • music • New York Yankees • Alex Rodriguez • tabloids • celebrity • charity • Madonna • rumor • celebrity divorces

High-Profile Arts Patron Guilty of 12 Fraud Counts

Alberto Vilar cheated investors to pay debts, fund opera companies

Nov 20, 08 8:41 AM CST
(Newser) - Alberto Vilar, the investment banker and one of the world's most generous opera patrons, was convicted yesterday on 12 counts of fraud, Bloomberg reports. Vilar told investors that he was putting their money in safe, government-backed assets; in fact, he bought risky tech stocks on margin, which quickly tanked. Vilar... More »

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philanthropy • fraud • investment bankers • Metropolitan Opera • white collar crime • investment fund • Alberto Vilar

Univ. of Chicago Biz School Banks $300M

Low-profile fund manager Booth makes historic donation

Nov 7, 08 5:46 AM CST
(Newser) - An alumnus of the University of Chicago who made a fortune from principles he learned at its graduate business school has donated a no-strings-attached $300 million to the school, reports the Chicago Tribune. The donation, by Dimensional Fund Advisors founder David G. Booth, is the largest ever to a business... More »

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philanthropy • University of Chicago • business school • Booth School of Business • Chicago Booth • Edward Snyder • Eugene Fama • Booth Family Trust

Portman Wants to Talk About Microloans,
Not Movies

Teams with Jordan's queen to help women

Oct 7, 08 5:00 PM CDT
(Newser) - Among Hollywood actresses, Natalie Portman may be an anomaly. “As opposed to talking about fashion,” the 27-year-old says she prefers discussing poverty alleviation. The Israeli-American discovered FINCA International, a microfinance program for women, through her inspiration, Jordan’s Queen Rania, a Palestinian and an “incredible woman whom... More »

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philanthropy • Jordan • charity • Harvard • microfinance • Natalie Portman • Arab Israeli conflict • Queen Rania

APPRECIATION

 Newman a Man for All Seasons 

Whether racing cars, making pasta sauce, or helping sick children, acting was just one of Paul Newman's talents

Sep 27, 08 1:55 PM CDT
(Newser) - Paul Newman was one of our most legendary actors, but his life and legacy went far beyond the movies, the New York Times writes. From his rare long-lived Hollywood marriage to Joanne Woodward (they lived in Connecticut) to his tireless philanthropy on behalf of sickly kids, Newman did more... More »

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philanthropy • obituary • auto racing • Paul Newman • Newman's Own • Joanne Woodward • Hole in the Wall Gang

 Google Offers 
 $10M for Ideas 
 to Change World 

Project 10^100 seeks big ideas

Sep 25, 08 6:44 AM CDT
(Newser) - Google, named for an astronomically large number, is celebrating its 10th anniversary with a call for ideas that could improve the lives of astronomically large numbers of people. Project 10100—pronounced '10 to the 100th'—seeks submissions from the public for world-changing ideas that the company will donate $10 million... More »

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philanthropy • Google • YouTube • Larry Page • Sergey Brin • contest • anniversary • Project 10100

Wall St. Disarray Leaves Mess for Nonprofits

Charitable giving suffers as firms fold, merge, cut back

Sep 22, 08 3:39 PM CDT
(Newser) - The victims of the Wall Street tsunami aren't all investment bankers and McMansion brokers. Kids with diabetes, residents of low-income housing, and fans of classical music are among those who could take a hit as nonprofits that depend on philanthropy from financial services firms absorb the fallout, the Boston ... More »

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philanthropy • Wall Street • funding • financial services • nonprofit • credit crisis • financial crisis

 At $50M, Oprah Stars   
 on Celeb Giving List 

Barbra Streisand ($11M), Paul Newman ($10M) among other 8-figure standouts

Sep 12, 08 10:50 AM CDT
(Newser) - Parade's annual list of the 30 most generous celebrities is out, and among the best philanthropists are:
  • Oprah Winfrey: $50.2 million for education, women and children's advocacy.
  • Herb Alpert: $13 million for music education.
  • Barbra Streisand: $11 million for the environment, women's issues, AIDS research.
... More »

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philanthropy • Angelina Jolie • Brad Pitt • Oprah Winfrey • celebrity • charity • Mel Gibson • Paul Newman

Broad Donates $400M for Gene Research

Record gift helps Harvard/MIT venture
get to root of disease

Sep 4, 08 3:08 PM CDT
(Newser) - Eli and Edythe Broad plan to donate $400 million more to the Massachusetts foundation they started 4 years ago to research the genetic causes of disease, the Boston Globe reports. “It's the biggest investment we've ever made,” said Broad, whose gift to the joint Harvard/MIT venture is the... More »

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philanthropy • Eli Broad • Cambridge • human genome • genetic research • endowment • Broad Institute • Edythe Broad

Muslim Charities Seek US Seal
of Approval

Better Business Bureau will vet groups to encourage donors

Aug 13, 08 5:01 PM CDT
(Newser) - Muslim charities will voluntarily open up their books to the Better Business Bureau in the hopes of gettiing donors to reach for their wallets again, the Wall Street Journal reports. A coalition of groups requested the BBB's seal of approval to counter the stigma felt since the Sept. 11 attacks.... More »

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philanthropy • terrorism • charity • American Muslims • 9/11 attacks • Better Business Bureau • Muslim charities

Gates Urges Companies to Get Creative to Improve Lives


He ruminates on how to tweak market forces to help more people

Jul 31, 08 6:04 PM CDT
(Newser) - Bill Gates tweaks his corporate colleagues with an essay in Time urging businesses to look harder for ways to extend the benefits of capitalism to a greater portion of the global population. As a philanthropist, he says, he recognizes the need for nonprofit work, but as a businessman, he knows... More »

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philanthropy • Bill Gates • malaria • humanitarian • capitalism • poverty • incentives

Bloomberg, Gates Take On Smoking

Billionaires donate $375M to global anti-tobacco campaign

Jul 23, 08 1:20 PM CDT
(AP) - Microsoft founder Bill Gates and New York Mayor Michael Bloomberg are pooling their piles of money and pouring $375 million into a global effort to cut smoking. The two philanthropists—who have a combined worth of more than $70 billion—say the new effort will target developing countries where tobacco... More »

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philanthropy • Bill Gates • smoking • cigarettes • Michael Bloomberg • billionaire • anti-smoking

 Investor
 Templeton
 Dies at 95 

He founded huge investment firm, awards for spiritual research

Jul 8, 08 9:08 PM CDT
(Newser) - Influential investor and philanthropist John Marks Templeton has died at age 95. The founder of Templeton Mutual Funds, one of the biggest investment funds in the world, died in the Bahamas, the Washington Post reports. In 1999, Money magazine called him "arguably the greatest global stock picker of the... More »

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philanthropy • obituary • investor

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