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The Latest Breaking News from Philanthropy

Michael Bloomberg tops the list of America’s biggest donors for the second year in a row

For the second year in a row, former New York City mayor Michael Bloomberg gave the most to charitable causes, according to the Chronicle of Philanthropy’s exclusive Philanthropy 50 list of the Americans who donated the largest sums to nonprofits last year

The Independent UK

Gifts from top 50 US philanthropists rebounded to $16B in 2024 − Mike Bloomberg; Reed Hastings and Patty Quillin; and Michael and Susan Dell lead the list of biggest givers

The 50 American individuals and couples who gave or pledged the most to charity in 2024 committed US$16.2 billion to foundations, universities, hospitals and more. That total was 33% above an inflation-adjusted $12.2 billion in 2023, according to the Chronicle of Philanthropy’s latest annual tally of these donations. Media mogul…

The Conversation

Emergency fundraisers offer a lifeline to groups who've lost foreign aid

Several nonprofit groups launched fundraising campaigns last week to help organizations who have lost funding because of the Trump administration’s freeze on foreign assistance

The Independent UK

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Carlyle Group co-founder Bill Conway’s $1 billion plan to end the nursing shortage

No other wealthy donor has dedicated as much money to such a wide range of nursing programs as Bill Conway, the 75-year-old co-founder of the private equity giant the Carlyle Group, and his late wife, Joanne Barkett Conway, who died in January, 2024

The Independent UK

3-year study finds MacKenzie Scott's $19 billion in charitable giving has been 'transformational' for nonprofits

A new report analyzes data from over 1,000 organizations that have received grants from the billionaire philanthropist.

Fortune

Quick Facts About Dallas Mavericks Owner, Miriam Adelson: Age, Family, Net Worth And More

From medicine to billions of dollars, Miriam Adelson's story has had a diverse impact. She leads in business, philanthropy, and media.

International Business Times UK

Aga Khan IV, Leader Of Ismaili Muslims, Dies At 88

Learn about the life and legacy of Aga Khan IV, a revered spiritual leader of Ismaili Muslims, known for his philanthropy and bridge-building efforts.

Top News

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FireAid, with Billie Eilish and Lady Gaga, is the latest in a long line of massive benefit concerts

FireAid, featuring Billie Eilish, Lady Gaga, Sting, Red Hot Chili Peppers and others in a fundraiser for Los Angeles-area wildfire relief efforts, is the latest event to combine music and philanthropy

The Independent UK

Target's DEI rollback raises questions about the retail giant's philanthropic commitments

Target’s rollback on diversity, equity and inclusion initiatives is raising questions about the retail giant’s philanthropic commitment to fighting racial disparities and promoting progressive values in liberal Minneapolis, where it is based, and beyond

The Independent UK

Donors are down, but dollars are up – how US charitable giving is changing

Although the US$557 billion Americans gave to charity in 2023 marked a 2.1% decline in inflation-adjusted terms, U.S. donations have increased significantly over the past two decades. Giving has grown by about 42% since 2003, according to the annual Giving USA report – which our team at the Indiana University…

The Conversation

Philanthropy provides $30B annually for science and health research − funding that tends to stay local

The foundations making charitable donations to support scientific and health research mostly give to institutions in their home states.

The Conversation

Andrew Carnegie and the 19th-century ‘robber barons’ have lessons for today’s oligarchs about the responsibilities of wealth

When Mark Zuckerberg recently announced sweeping changes to his company Meta’s work practices in anticipation of a Trump 2.0 presidency, keen-eyed observers noticed the tech titan was wearing a wristwatch worth nearly US$900,000 (£837,000). It’s one of a range of high-end timepieces he has sported recently.

The Conversation

Thomas Tighe reflects on 24 years leading the international health nonprofit Direct Relief

Thomas Tighe led the humanitarian aid organization Direct Relief for 24 years as its president and CEO

The Independent UK

Philanthropy & Giving Back – A Legacy Of Giving Through Aaron Sansoni's Charitable Initiative

Aaron Sansoni's work alongside the international children's charity UNICEF is just a tiny part of his ongoing legacy of giving back.

International Business Times

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President Jimmy Carter's Enduring Legacy Of Philanthropy

Explore President Jimmy Carter and Rosalynn Carter's enduring philanthropic legacy through nonprofits and humanitarian efforts.

Fortune

MacKenzie Scott and Melinda French Gates’s momentous year of giving

The billionaires are potentially reshaping philanthropy in the U.S.

Barchart

Elon Musk: Giving Away Money is 'Very Difficult' If You 'Care About the Reality of Doing Good and Not the Perception of Doing Good'

Elon Musk believes true philanthropy prioritizes measurable impact and solving real-world problems over public recognition, emphasizing the difficulty of effectively giving money and the importance of focusing on tangible results.

Top News

Former President Bill Clinton Discharged From Hospital

Former President Bill Clinton discharged from hospital after flu treatment. Expresses gratitude and optimism. Active in politics and philanthropy.

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The Guardian - US

The teen who gave away 21,600 pairs of shoes and set a record: ‘I’m doing this because it makes me feel good’

Augustus Holm helped organize a San Diego footwear drive that earned a Guinness World Record – and it started from an idea he had when he was 13

The Conversation

Gift-giving was practised by early humans in Africa – how it spread and evolved

For many countries around the world, December is an intense, commercialised period of gift-giving. Not just within families but across all sorts of relationships, such as gifts between buyers and service providers.

The Independent UK

MacKenzie Scott gives rare third gift to medical debt relief group

MacKenzie Scott continues to make medical debt relief a priority in her mysterious giving

The Independent UK

Soros' Open Society Foundations say they remain focused on human rights

George Soros' philanthropy, Open Society Foundations, will continue to fund human rights movements around the world

Top News

Billionaires Urged To Give More, Faster For Societal Impact

Explore the evolving landscape of billionaire philanthropy, emphasizing collaboration, transparency, and strategic giving for a more equitable society.

The Independent UK

What billionaires and their advisors say keeps them from giving more and faster

America’s wealthiest people have long urged each other to give away more of their money

Kiplinger

Five Ways to Maximize Your End-of-Year Philanthropy

To do the most good, pick the right charity, be smart about how you donate and consider giving something just as valuable as money: your time.

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