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The Latest Breaking News from Philanthropy

FTX seeks to claw back donations to politicians and charities

Collapsed cryptocurrency exchange had reputation for corporate philanthropy to tune of hundreds of millions of dollars

The Guardian - UK

Bill Gates says becoming a grandfather is affecting how he wants to spend his money

The philanthropist is taking the long view as to why he should give away most of his wealth.

Fortune

Closing the ‘giving gap’ is important to city’s health and vitality

With our emphasis on Chicago’s South and West sides, we are doing what we can to uplift philanthropy to organizations led by women and Black, Indigenous and other people of color.

Chicago Sun-Times

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New data: MacKenzie Scott gifts prioritize The South

MacKenzie Scott is dedicating an unusually large share of her giving to nonprofits in the South — a region that megaphilanthropy and particularly tech donors have long been criticized for ignoring

The Independent UK

Wealthy individuals are giving billions to solve the climate crisis – is it working?

One of the best parts about being The Conversation is when we actually have a conversation in real life. And finally, we did just that recently with a fascinating event, co-sponsored by The Chronicle of Philanthropy, The Associated Press and GBH. Here is a recap from the Chronicle of Philanthropy.

The Conversation

A sick-leave showdown at a Warren Buffett–owned company highlighted the flaws in billionaire philanthropy

A controversy at railroad BNSF reveals concerns about how Warren Buffett and other billionaire philanthropists earn their fortunes.

Fortune

Hatari founder among Forbes' philanthropy heroes

Joon Wanavit, the 85-year-old founder of Hatari Electric, has been named among Asia's 2022 Heroes of Philanthropy by Forbes Magazine.

Bangkok Post

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Q&A: Jacob Harold creates philanthropist 'toolbox,' guide

Jacob Harold believes philanthropy needs more “strategic promiscuity” – battling the world’s problems using a variety of approaches

The Independent UK

UK super-rich less charitable than decade ago, says charity chief

Chair of Charity Commission says voluntary sector faces ‘existential crisis’ as incomes of top 1% rise but philanthropy falls

The Guardian - UK

Pablo Eisenberg, a fierce critic of nonprofits and philanthropy, died at age 90

Pablo Eisenberg, a loud and influential voice in the nonprofit sector who spoke widely and bluntly about his belief that philanthropy often benefits the wealthy more than the needy, died at age 90.

WEKU

Jeff Bezos awards 40 grants worth $123 million to fight homelessness

Bezos recently said he'd give away most of his wealth, but the Amazon founder is more hesitant than other billionaries when it comes to philanthropy.

Fortune

FTX bankruptcy is bad news for the charities that crypto mogul Sam Bankman-Fried generously supported

FTX, an exchange for trading cryptocurrencies, quickly became bankrupt and defunct in November 2022. Its founder, Sam Bankman-Fried, is broke, and the 30-year-old former billionaire could be in serious legal trouble for his alleged financial improprieties. The Conversation asked Brian Mittendorf, an accounting scholar at The Ohio State University, to…

The Conversation

Jeff Bezos steps up 'flashy' giving while ex-wife quietly donates billions

Jeff Bezos' $100 million award to Dolly Parton is something of a puzzle to Phil Buchanan, president of the Center for Effective Philanthropy.

Tribune News Service

MacKenzie Scott donations avoided feared pitfalls: New study

MacKenzie Scott’s big gifts have been a boon to the charities who received them, and widespread fears in the nonprofit world that her gifts would lead other donors to pull back their support or that small groups wouldn’t be able to handle them were largely unfounded

The Independent UK

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France 24

Amazon founder Jeff Bezos says he will give away most of his fortune

Amazon founder Jeff Bezos said he will give away the majority of his wealth during his lifetime, becoming the latest billionaire to pledge to donate much of his vast fortune.

Salon

Amid layoffs, Bezos' grand charity plan

"Building Amazon was not easy ... charity, philanthropy, is very similar"

The Guardian - UK

Jeff Bezos vows to give away most of fortune – and hands Dolly Parton $100m

Amazon founder wants to donate much of $124bn wealth to causes such as climate crisis and world unity

The Independent UK

FTX bankruptcy also endangers founder's philanthropic gifts

The rapid collapse of cryptocurrency exchange FTX into bankruptcy last week has also shaken the world of philanthropy, due to the donations and influence of FTX founder Sam Bankman-Fried in the “effective altruism” movement

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The Independent UK

More big donors supporting - and discussing - mental health

Wealthy donors publicly gave more to mental health last year than in any other year over the past decade: According to a Chronicle of Philanthropy tally of publicized donations of $1 million or more, 15 donors gave 16 such gifts totaling nearly $767 million in 2021

The Independent UK

Charitable giving to fight climate change rises 25% to $7.5B

Charitable giving to organizations that work to slow climate change have increased in the past year, and many more groups are receiving funds than just a few years ago

The Independent UK

Philanthropy pours more money into advancing Latino wealth

Juan Hernandez III leads Creser Capital Fund, which lends to people traditional banks often are reluctant to help

The Independent UK

Jeff Bezos gets philanthropy award at Vatican even as ex-wife gives away more of her fortune

Ex-wife MacKenzie Scott giving away her billions at a faster clip, according to observers

Chicago Sun-Times

Chicago-based group brings urgency to philanthropy

Lever for Change, part of the MacArthur Foundation, connects donors to unheralded organizations taking on deep troubles in society.

The Independent UK

Carnegie Medal of Philanthropy celebrates 20th anniversary

Dolly Parton proudly accepted the Carnegie Medal of Philanthropy at Gotham Hall Thursday night, saying she was “proud and honored to be a part of anything that is going to make the world a better place.”

The Independent UK

Dolly Parton donation strategy: 'I just give from my heart'

Dolly Parton laughs at the idea that she is some sort of secret philanthropist

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