Ethics of Philanthropy

Stories

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March 2008
- Landmark NY Library to Be Renamed for Donor
  
  New York Times | Mar 11, 08 3:30 AM CDT
  
  (Newser) - Following the style of sports stadiums, Manhattan's stately beaux arts library on Fifth Avenue will be renamed for a key contributor to a billion-dollar expansion of the library system. Private equity king Stephen Schwarzman is giving the library $100 million from his several-billion-dollar fortune, reports the New York Times . Schwarzman, 61, chief executive of the Blackstone Group, says renaming the landmark building—with plans to etch his moniker into the facade—was not his idea. More »
December 2007
- New Breed of Billionaire Rises in Third World
  
  New York Times | Dec 14, 07 1:26 PM CST
  
  (Newser) - A new type of billionaire with a philanthropic bent for social causes is emerging from once-poor nations such as Turkey, India, and Mexico, the New York Times reports. The billionaires, who generally made their money through investment in surging local markets, draw comparison to American titans of old such as Carnegie and Rockefeller, the Times notes. More »
- You, Too, Can Donate Online
  
  Washington Post | Dec 13, 07 10:07 AM CST
  
  (Newser) - AOL founder Steve Case’s foundation is launching a major online charity drive today, aimed at using social networks and encouraging small-scale donors to join the ranks of millionaires. The drive consists of a new app, “causes” on Facebook, and a spread in this Sunday’s Parade Magazine . Facebook has 50 million users and Parade has 70 million readers. More »
- Ditka Versus Da Charity
  
  USA Today | Dec 11, 07 11:45 PM CST
  
  (Newser) - Hall of Fame Assistance Trust was little more than friends "just mailing out checks to Hall of Famers we knew were having problems," according to the legendary player, coach and founder of the organization, Mike Ditka. Ditka announced yesterday that he will dissolve the charity, which gave away a mere $57,000 of the $1.3 million it raised, USA Today reports. More »
November 2007
- Chilean Hooker Donates Time to Telethon
  
  Daily Telegraph (UK) | Nov 30, 07 11:41 AM CST
  
  (Newser) - A 27-hour telethon this weekend In Chile will raise money for disabled children, and one woman has devised a special way to contribute, reports the Telegraph . A prostitute has auctioned off 27 hours of her services and is giving all the proceeds to charity. "I am going to contribute with my work to a purpose that touches me deeply," she said. More »
August 2007
- 'Voluntourism' Feeds Profits, Not Mouths
  
  Times (UK) | Aug 14, 07 7:55 AM CDT
  
  (Newser) - A leading British charity has blasted the new "voluntourism" industry as an amateurish scam, writes the Times of London. The vogue for gap-year travel to developing countries, where young volunteers pay for the privilege of teaching children or building homes does little good and enriches nobody but the travel companies, according to Voluntary Service Overseas (VSO). More »
- Snubbing the West, Bolivia Waxes Red
  
  Washington Post | Aug 3, 07 10:18 AM CDT
  
  (Newser) - Bolivia’s populist president is traveling his country handing out aid—straight from his anti-American neighbor Hugo Chávez. The Washington Post reports that Evo Morales has been taking more than a cue from Chávez, using the Venezuelan leader's cash to fund social welfare programs and build clinics and schools, while balking at the investment in private enterprise favored by the West. More »
July 2007
- Indian Guru Embraces Life
  
  Salon | Jul 19, 07 12:02 PM CDT
  
  (Newser) - A 53-year-old fisherman's daughter from Kerala, India, stands at the center of an empire of idol worship and charitable works—stands there and hugs her disciples. Amma, a mother figure revered by many as a goddess, commands a kingdom of philanthropy, volunteerism, and merchandising, Salon reports. The reporter even jumps the line and gets a hug. More »
- Golf Tourneys Putt Short for Charity
  
  Washington Post | Jul 5, 07 4:54 AM CDT
  
  (Newser) - As Tiger Woods's AT&T National tournament gets underway in Bethesda, corporate types are opening their wallets for the charity event—but, the Washington Post reports, their money may not go where they expect. Only about 15 cents out of every dollar raised by charity golf tourneys makes it to the recipient organization, says the director of the AT&T National, which benefits the Tiger Woods Foundation. More »
June 2007
- Edwards Org Tested Meaning of ‘Charity’
  
  New York Times | Jun 22, 07 9:50 AM CDT
  
  (Newser) - After the Kerry-Edwards loss in 2004, John Edwards launched two nonprofits, ostensibly to fight poverty—but one of them was devoted primarily to keeping Edwards himself in the public eye. The New York Times asks whether Edwards crossed a legal line, using the foundation, the Center for Promise and Opportunity, as a financial platform on which to build an '08 run. More »
- Gates Gives $105 Mil to Track Global Public Health
  
  Wall Street Journal | Jun 5, 07 4:59 AM CDT
  
  (Newser) - The Bill and Melinda Gates Foundation has given $105 million to the University of Washington to study the effectiveness of public health programs around the world. The money will be used to create a center to track such measures as child mortality, the prevalence of major diseases and the availability of medical treatment. More »
- $100 Million Here, $100 Million There...
  
  Chicago Tribune | Jun 2, 07 6:38 AM CDT
  
  (Newser) - And, as Illinois' late Senator Everett Dirksen once said, you are talking about real money. Tom Siebel, University of Illinois graduate and founder of Siebel Systems, a customer management relationship software firm, pledged $100 million in his will to the U of I. More »
- U Chicago Receives $100 Mil Gift
  
  Chicago Tribune | Jun 1, 07 9:00 AM CDT
  
  (Newser) - An anonymous donor has pledged the largest gift ever—$100 million—to the University of Chicago. The gift's purpose is to eliminate student loans for undergraduates from low-income families. The donor came from a family of modest means and has, quite obviously, done well for himself . The university identified the donor only as a man. More »
May 2007
- Marquette Snags $51 Mil Gift
  
  Associated Press | May 4, 07 3:00 PM CDT
  
  (Newser) - Raymond and Kathryn Eckstein donated $51 million to build Marquette University a new law school. The gift is the single largest gift to a Wisconsin educational institution, topping the $50 million John Morgridge and his wife gave to the University of Wisconsin. More »
- Buffett Holdings Tie Gates To Darfur Crisis
  
  Los Angeles Times | May 4, 07 1:57 PM CDT
  
  (Newser) - A Berkshire Hathaway investment in a Sudanese oil company is posing thorny problems for the Gates Foundation, the Los Angeles Times reports. Warren Buffet's investment outfit is the largest independent shareholder in PetroChina, whose parent company the U.N. and U.S. say funds Sudan's janjaweed militia—a stark contrast to the foundation's mission. More »
March 2007
- Aid Grows Despite Embargo
  
  New York Times | Mar 21, 07 10:04 AM CDT
  
  (Newser) - Palestinians are actually receiving more foreign aid, not less, than they were before the US and the European Union slapped an aid embargo against the Hamas led Palestinian Authority last year, reports Steven Erlanger. The United Nations and the International Monetary Fund say $1.2 billion was given to the Palestinians in 2006 compared with $1 billion in 2005. More »