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The Latest Breaking News from Philanthropy

Donor beware: Pause before you give to any cause

The public’s trust in nonprofits declined from 59% in 2020 to 56% in 2022, according to Independent Sector, a coalition of nonprofits, foundations and corporate giving programs that tracks trends in philanthropy.

The Conversation

Limited funding hampers charities’ early monkeypox response

Two biopharmaceutical companies will give $5 million and $500,000, respectively, to nonprofit organizations in the United States and abroad that are responding to the growing monkeypox outbreak

The Independent UK

Wendy Schmidt gives big to protect oceans, planet's future

The health of the world’s oceans looms large in Wendy Schmidt’s thinking about the planet’s future and in her giving

The Independent UK

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Gates Foundation adds Gayle, Dhawan as independent trustees

As the Bill & Melinda Gates Foundation works to expand its governance, it announced Thursday that it has added two trustees to its board

The Independent UK

Citizens need to get involved in governance: Rohini Nilekani

The philanthropist on what people can do to build a strong civil society, and make politicians, the rich and themselves accountable

The Hindu

Dolly Parton among Carnegie Medal of Philanthropy winners

Country superstar Dolly Parton is among the 2022 Carnegie Medal of Philanthropy recipients

The Independent UK

America's Least Philanthropic Billionaires: Scrooges Of The Forbes 400

Editor's note: This story has been edited to reflect an update by Forbes to Tesla CEO Elon Musk's philanthropy ranking that removed him from the list of the least generous billionaires. Original publication: 2018. For the first time, the Forbes 400 list includes a generosity ranking.

Benzinga

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Fidelity Charitable sets $4.8B record in grants for 6 months

Donations from Fidelity Charitable climbed 11% to a record $4.8 billion for the first half of 2022

The Independent UK

Bill Gates Doesn't Want To Be Rich Anymore: 'I Will Move Down And Eventually Off Of The List Of The World's Richest People'

While Bill Gates may best be known as the co-founder of Microsoft Corporation (NASDAQ: MSFT), he has been gaining prominence through the years for his philanthropy, opening the doors to the Bill & Melinda Gates Foundation in 2000.

Benzinga

Biomedical grantmakers' diversity push gains new momentum

The Howard Hughes Medical Institute, one of the nation’s wealthiest philanthropies, announced a $1.5 billion effort designed to help scientists of color advance in their careers

The Independent UK

It's a new era for funding on both sides of abortion debate

The Supreme Court’s overturning of Roe v. Wade has ushered in a new era of funding on both sides of the abortion debate

The Independent UK

Griffin’s move to Florida only latest blow to local philanthropy

“Many of the major funders ... are checking out. And they’re in Florida. When they leave, their charitable dollars leave,” said a source close to the world of philanthropic and charitable giving in Chicago and Illinois.

Chicago Sun-Times

US charitable giving hit record in 2021 but inflation looms

Charitable giving in the United States reached a record $485 billion in 2021, though the increase did not keep pace with inflation

The Independent UK

Foundations embrace organized labor with $20 million plan

Following a string of union victories at Amazon and Starbucks, a group of prominent progressive grantmakers is seeking to put a total of $20 million into a coalition with organized labor that will steer funds to organizing and advocacy campaigns in the South

The Independent UK

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The Independent UK

Will money-back guarantee win over wealthy donors?

The advocacy group Global Citizen and the finance firm NPX are engineering a new campaign that targets Forbes 400 billionaires, Giving Pledge members, and the wealthy generally — a group increasingly criticized for what is seen as tight purse strings

The Independent UK

New York fund apologizes for role in Tuskegee syphilis study

A New York-based philanthropy is publicly apologizing for its role in the infamous Tuskegee syphilis study

The Independent UK

Report: Philanthropy can help protect against climate change

Philanthropists could help ease the damage from climate change by donating more money to address global warming and the communities most at risk from it, according to a report from the research organization Candid

Belfast Live

North Belfast Ulster Scots themed gable art installations approved by Council

The art pieces will celebrate philanthropy, whiskey distilling and the Ulster Fry

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The Independent UK

MacKenzie Scott gives $123M to Big Brothers Big Sisters

MacKenzie Scott gave $122.6 million to Big Brothers Big Sisters of America, the national youth-mentoring charity announced on Tuesday

The Independent UK

'Twitter philanthropy' reveals chasms in social safety net

Practically every minute of every hour, someone sends a tweet to Bill Pulte, a 33-year-old private-equity investor and heir to the mammoth PulteGroup homebuilding company

The Independent UK

Q&A: Philanthropy Together CEO talks TED and giving circles

Sara Lomelin offered the final TED Talk of this year’s conference, on a particularly star-studded day in Vancouver where she followed actress Bryce Dallas Howard, TV producer Michael Schur, and Tesla CEO Elon Musk talking about the future of his company and his plans for Twitter

Edinburgh Live

Edinburgh heroine to have statue placed on Edinburgh's Royal Mile after £50k raised

Dr Elsie Inglis will finally have a statue created in her honour to commemorate the amazing philanthropy work that she carried out throughout her life.

The Conversation

Some funders are embracing 'trust-based philanthropy' by giving money without lots of obligations

With most foundations, the board of directors and top executives set all funding priorities. Nonprofits seeking money from those funders, in turn, must demonstrate an intention to do work that conforms to those priorities. The same system prevails with many individual wealthy donors.

Sports Illustrated

Renata Simril Leads to Transform Youth Sports in Southern California

The LA84 Foundation’s CEO and president is making a lasting impact with her work in access, equity and opportunity for the greater Los Angeles community.

The Independent UK

Nonprofits likely under fire as Senate explores ‘dark money’

A Senate hearing on Wednesday is likely to produce fireworks as Republicans and Democrats square off over the role that foundations and nonprofits are playing in elections

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