philanthropy

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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...

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...

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...

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...

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...

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...

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...

America&#39;s Top Giver: Mark Zuckerberg
 America's Top Giver: 
 Mark Zuckerberg 
in case you missed it
Feb 15, 2014 12:14 PM CST

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...

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...

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...

Walt Disney&#39;s Daughter Dead at 79

 Walt Disney's 
 Daughter 
 Dead at 79 
obituary
Nov 20, 2013 7:05 AM CST

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...

Simpsons&#39; Co-Creator Dying, Giving Away Fortune
 Simpsons' 
 Co-Creator 
 Dying, Giving 
 Away Fortune 
IN CASE YOU MISSED IT
Jul 28, 2013 7:00 PM CDT

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...

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...

Ted Turner Made Philanthropy Cool Again

 Ted Turner Made 
 Philanthropy 
 Cool Again 
Nicholas Kristof
Dec 27, 2012 1:44 PM CST

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...

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 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...

Poorer Give More to Charity
 Poorer Give More to Charity 
new study
Aug 20, 2012 8:34 AM CDT

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...

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...

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...

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,...

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