philanthropy

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'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... More »

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... More »

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... More »

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... More »

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... More »

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... More »

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,... More »

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... More »

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... More »

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... More »

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... More »

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... More »

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... More »

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... More »

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... More »

Man Will Hand $1K Check to Each Paradise High Student

San Diego businessman was moved by their plight

(Newser) - A San Diego businessman is donating $1 million in the wake of Northern California's devastating Camp Fire—but he's doing so in an unconventional way. Bob Wilson, 89, plans to pass out $1,000 checks on Tuesday to each of the 980 students and 105 staff members from... More »

Why JetBlue Is Flying People for Free

It has to do with helping others

(Newser) - You can fly free in November, if you like surprises. JetBlue plans to fly a plane-load of people to an unknown destination Nov. 27 to volunteer for an unknown cause for three days, USA Today reports. Anyone over 18 can apply here by Oct. 26 if they're willing to... More »

Flint Thanks Elon Musk for a Promise Kept

Donation will pay for water filtration systems at schools

(Newser) - Clean drinking water—it's an underappreciated luxury coming at long last to students in Flint, Mich., thanks to Elon Musk. Following his July vow to assist in the Flint water crisis, the Tesla and SpaceX CEO and the Musk Foundation donated $480,350 to the Flint City School District,... More »

Laurene Powell Jobs Is on Her Own Mission Now

Widow of Steve Jobs is investing in various fields though her Emerson Collective

(Newser) - She's 54, the widow of Steve Jobs, one of the richest women on the planet, and the founder and driving force behind what might be "the most influential product of Silicon Valley that you've never heard of," according to a lengthy profile in the Washington Post ... More »

Frugal Secretary Dies at 96, Leaves an 'Oh My God' Moment

Sylvia Bloom surprised everyone with the $9M fortune she'd amassed, then donated

(Newser) - When Sylvia Bloom died at the age of 96 in 2016, her niece experienced an "oh my God" moment. "I realized she had millions and she had never mentioned a word," says Jane Lockshin, also the executor of Bloom's estate. More than $9 million, in fact,... More »

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