philanthropy

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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...

Ex-UPS Driver's Gift Is Biggest Alum Donation Ever to HBCU

Calvin Tyler Jr. dropped out of Morgan State University in 1963

(Newser) - If anyone knows what it's like to struggle to pay for college, it's Calvin Tyler Jr. He enrolled at Baltimore's Morgan State College (now Morgan State University) in 1961 to pursue a degree in business administration. A lack of funds forced him to drop out two years...

These Are the Biggest Donors in the US

Jezz Bezos and ex MacKenzie Scott top the list

(Newser) - These are the donors who gave the most in 2020, according to the Philanthropy 50, an annual ranking compiled by the Chronicle of Philanthropy, per the AP . A searchable database with more information on the donors and their beneficiaries is available at philanthropy.com .
  1. Jeff Bezos, Amazon founder, $10.2
...

US Philanthropists Getting Vaccine to Iran

Unidentified group aims to ship 150K doses of Pfizer vaccine to hard-hit country

(Newser) - An unidentified group of US-based philanthropists plans to send 150,000 doses of the Pfizer vaccine to Iran in the coming weeks, Iranian media reported Monday, per the AP . Details remained scarce in the report by the semiofficial Tasnim News Agency. It quoted the chief of the country's Red...

'James Bond of Philanthropy' Has Gone 'Broke'

Billionaire Chuck Feeney inspired Warren Buffett's giving

(Newser) - Chuck Feeney made billions after co-founding airport retailer Duty Free Shoppers in 1960. He's been "living a life of monklike frugality" ever since, according to Forbes , which reports the world is better for it. The "James Bond of philanthropy" has anonymously donated more than $8 billion to...

Greta Turns Down 'More Money Than I Can Imagine'

$1.15M will go to green groups around the world

(Newser) - Greta Thunberg could be swimming in "more money than I can even begin to imagine." Instead, she'll donate $1.15 million to various projects addressing climate and ecological crises and those focused on sustainability. The 17-year-old climate activist was awarded the money as part of the Gulbenkian...

Laurene Powell Jobs on Family Wealth: 'It Ends With Me'

Steve Job's widow says she wants her $24B to be spread around

(Newser) - The world's 35-richest person says her children aren't likely to inherit very much, Business Insider reports. Laurene Powell Jobs, widow of the late Steve Jobs, says she wants to distribute the former Apple CEO's money "in ways that lift up individuals and communities in a sustainable...

Soros Drops $1B to 'Stop Drift Away From Democracy'
Philanthropist
Makes $1B
Promise

Philanthropist Makes $1B Promise

George Soros plans worldwide network of universities

(Newser) - George Soros made a big promise Thursday, and it's gonna cost him. The wealthy philanthropist announced he'll donate $1 billion toward liberal-arts education in a worldwide network of universities, the Guardian reports. It will be "the most important and enduring project of my life," he said...

Donating on Giving Tuesday Means Helping Yourself
On Giving Tuesday,
'Something for Everyone'
OPINION

On Giving Tuesday, 'Something for Everyone'

Givers are happier and healthier, so why delay: Patricia Snell Herzog

(Newser) - Giving Tuesday is a time to think of others. But as Patricia Snell Herzog writes at the New York Times , it's also a time to think of yourself. Research shows "giving money away also brings joy to the giver," writes Herzog, an associate professor of philanthropic studies...

Former NFLer Donates 173rd Home: This Is 'Therapy'

Warrick Dunn's mom was killed when he was 18; his mission has been to help single parents

(Newser) - After struggling through some recent hard times that led her to move back in with her mother, LaToya Reed and her 18-year-old son, AnTrez, received a most welcome gift on Tuesday: a fully furnished two-bedroom home in St. Petersburg, Fla. The house offering was thanks to a partnership between Habitat...

Think the World Is Mean? $20M Given to Find 'Antidote'

Thanks to philanthropic gift, UCLA sets up institute dedicated to promoting kindness

(Newser) - Life can be rough, but UCLA hopes to offer a remedy. Live Science reports that, thanks to a $20 million gift from the Bedari Foundation, the university has set up the UCLA Bedari Kindness Institute. The institute will "take an interdisciplinary approach to understanding kindness—through evolutionary, biological, psychological,...

MacKenzie Bezos' 'Revealing' Move After Divorce From Jeff

Amazon CEO's ex-wife just signed Giving Pledge, vowing to donate at least half of her wealth

(Newser) - MacKenzie Bezos just opened up her wallet big time, and she's sharing her reason why. "I have a disproportionate amount of money to share," the ex-wife of Amazon CEO Jeff Bezos noted in her letter signing on to the Giving Pledge , a commitment by some of the...

Meet the Man Behind That Astonishing College Offer
Behind College Offer: The
Richest Black Person in US
the rundown

Behind College Offer: The Richest Black Person in US

Robert F. Smith is paying off the class debt at Morehouse College

(Newser) - It will be hard to top as a commencement speech going forward. Billionaire Robert F. Smith told 2019 graduates of Atlanta's Morehouse College in his speech Sunday that he would pay off all their student loans. Morehouse is a historically black college, and Smith is considered to be the...

These Top World Leaders Have Something in Common
Fortune Names 10
Best World Leaders

Fortune Names 10 Best World Leaders

Jacinda Ardern cracks top 10, as does Robert Mueller

(Newser) - As Fortune sees it, the world's greatest leaders share one thing in common: They have courage to "make bold choices" and take personal risks, whether a journalist reporting under threat of death in South Sudan or a nation's leader expressing compassion when faced with the opposite. Such...

Celeb Inspires Oprah to Send $2M to Puerto Rico

'The needs of Puerto Rico … are still very real'

(Newser) - Lin-Manuel Miranda didn't just raise $15 million for artists in bringing Hamilton to Puerto Rico . He also inspired a friend. Oprah Winfrey has donated $2 million to relief efforts in the US territory hit hard by Hurricane Maria in September 2017, reports Entertainment Tonight . "I was so moved...

Sackler Family Hears Bad News All Week
Sackler Family Hears
Bad News All Week 
the Rundown

Sackler Family Hears Bad News All Week

Lawsuit targets family who made a fortune on OxyContin as museums say 'no thanks'

(Newser) - From the outside, it appears that life has been good—and fabulously profitable—for the Sackler family since the launch of OxyContin in 1995. The Sacklers, whose Purdue Pharma produces the drug, have made their philanthropic mark with well-publicized, large donations to universities and art galleries even as the opioid...

Social Worker Patched Shoes With Duct Tape, Left $11M

Friends were shocked to find that frugal Alan Naiman had amassed a fortune before he died

(Newser) - Alan Naiman was known for an unabashed thriftiness that veered into the comical, but even those closest to him had no inkling of the fortune he quietly amassed and the last act he'd long planned. The Washington state social worker died of cancer this year at age 63, leaving...

What Crouching Tiger Actor Plans on Doing With His $715M

Chow Yun-fat says his wife is OK if he gives it all to charity when he dies

(Newser) - Amid the stories of good fortune emerging at the end of the year, one more to wrap things up—this time, involving a famous Hong Kong actor and some eventually very lucky recipients. The Guardian reports that Chow Yun-fat, the 63-year-old star best known here in the US for his...

Bollywood Star Pays Debts of 1.4K Farmers

They lack 'basic necessities,' says Amitabh Bachchan

(Newser) - Amitabh Bachchan, one of the highest paid actors in Bollywood, briefly mentioned his desire to help farmers after one appeared as a contestant on the Indian version of Who Wants to Be a Millionaire, which he hosts. And boy, did he follow through. The actor, who's appeared in some...

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