philanthropy

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MacKenzie Scott Drops Another Philanthropy Bomb

$640M, more than double her initial plan, goes to nonprofit applicants

(Newser) - MacKenzie Scott, the billionaire philanthropist and author, had promised to give $1 million each to 250 organizations last year through an "open call" for applications. She apparently changed her mind. On Tuesday, she announced she would give $640 million to 361 organizations instead, reports the AP . That makes her...

In 2023, No American Gave More to Charity Than This Man
In 2023, No American Gave
More to Charity Than This Man
in case you missed it
Mar 9, 2024 4:25 PM CST

In 2023, No American Gave More to Charity Than This Man

Michael Bloomberg tops the Chronicle of Philanthropy's biggest donors list

(Newser) - Former NYC Mayor Michael Bloomberg contributed $3 billion to support the arts, education, environment, public health, and programs aimed at improving city governments around the world in 2023, putting him atop the Chronicle of Philanthropy's exclusive list of the 50 Americans who donated the largest sums to nonprofits last...

Elon Musk Does Not Like MacKenzie Scott's Billions to Charity

Calls fellow billionaire's charitable giving among the reasons 'that Western Civilization died'

(Newser) - MacKenzie Scott has become a power player in philanthropic circles, donating billions to charity since her split with Amazon founder Jeff Bezos in 2019. That charitable giving, however, has apparently attracted the ire of a fellow billionaire: X owner Elon Musk, who had words for Scott on his social media...

$1B Donation to Cover Med School Tuition for All

Ruth Gottesman wants graduates to begin careers free of debt

(Newser) - A former professor at a New York City medical school has given it $1 billion, saying the money should be used to cover tuition for all future students. Ruth Gottesman, 93, studied learning disabilities and operated literacy programs at the Albert Einstein College of Medicine in the Bronx, the New ...

Warren Buffett's Pocket-Emptying Earns Him a New Honor

He's No. 1 in 'Chronicle of Philanthropy' rankings of charity donations, with a $541.5M gift

(Newser) - The Chronicle of Philanthropy's annual list of the biggest charitable donations from individuals or their foundations totaled more than $3.5 billion in 2023. Four universities received big gifts in 2023, along with four scientific research institutes and a health care system. The other gifts went to a family...

Landlord's Holiday Gift Has Tenants Calling Her an 'Angel'

Britni Ricard gives renters in her New Orleans apartment building a month's free rent

(Newser) - Britni Ricard certainly has her hands full as the CEO of a cosmetics company, but last year, she decided to branch out and start investing in real estate. Now, some uplifting news from the entrepreneur's very first investment property, a 10-unit apartment building in New Orleans where renters, many...

MacKenzie Scott Gave Away $2.1B Last Year

Billionaire philanthropist once married to Jeff Bezos has given away more than $16B since 2019

(Newser) - MacKenzie Scott donated $2.1 billion in the past year, she said in an online post, bringing her total reported giving to more than $16 billion since 2019. While previous announcements have included detailed essays about the reasons for her donations, Scott offered only a short post titled "Giving...

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...

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