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The Latest Breaking News from Philanthropy

MrBeast hits back at criticism over $10 million Ghana village project to combat child labour

MrBeast has defended his $10 million Ghana village project aimed at combating child labour after being questioned over spending overseas. The YouTuber said he “literally” supports his hometown of Greenville, North Carolina, highlighting his local philanthropy. The project includes homes, a school, clean water infrastructure, farms and other facilities for…

The Times of India · Sep 21

Billionaire YouTuber MrBeast spent $10m building a village in Ghana—he says viewers engage less with philanthropy videos but 'I'll keep making them'

Donaldson wrote on social media platform X that his 14-year career on YouTube so far had been leading up to the humanitarian project, which took eight months to complete.

Fortune · Sep 21

Priscilla Chan's school shuts after $125M funding; she pledges $10M more

Priscilla Chan's education initiative, The Primary School, is closing after a decade of operations and reportedly more than $125 million in funding from the Chan Zuckerberg Initiative (CZI). Founded to combine education with healthcare and family support, the project sought to address challenges affecting children's development and learning. Following the…

The Times of India · Sep 21

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Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

A historic $124 trillion wealth transfer is underway, and many heirs are using their influence to pressure older generations to spend down fortunes faster.

Fortune · Sep 20

Howard Buffett to take charge as Berkshire Hathaway chairman: Who is he?

Howard Buffett is set to become Berkshire Hathaway's new chairman, succeeding his father Warren Buffett, who will become chairman emeritus. The 71-year-old has served on Berkshire's board for 33 years and is expected to focus on preserving its culture. His career spans business, farming, conservation, law enforcement and philanthropy.

The Economic Times · Sep 18

Who is Howard Buffett? The farmer, sheriff and middle-son taking the Berkshire Hathaway chair

Howard Buffett now chairs Berkshire Hathaway, succeeding his father Warren Buffett. He will guard the company's culture and values, while Abel runs operations. Howard's diverse career includes farming, law enforcement, and photography. His foundation focuses on food security and humanitarian crises globally. This marks a new chapter for the family's…

The Economic Times · Sep 18

What Shapoorji Pallonji said on Tata Sons' listing and why he wants it to be a ‘bridge’

Shapoorji Pallonji Group Chairman Shapoorji Pallonji Mistry has backed the public listing of Tata Sons, calling it a “social and moral imperative” that can strengthen transparency, accountability and philanthropy. His statement comes as Tata Trusts and chairman Noel Tata oppose the listing, with Mistry urging stakeholders to treat it as…

The Economic Times · Sep 18

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Nike co-founder Phil Knight and wife Penny, worth $25 billion, have donated over $9 billion in two decades. Now they’re giving $1.1 billion for Oregon’s first women’s hospital

Phil Knight, the co-founder of Nike, alongside his wife Penny, has made an extraordinary donation of $1.1 billion to launch Oregon's inaugural hospital focused on women's health. This generous contribution will not only facilitate groundbreaking cardiovascular care but will also advance vital medical research initiatives. The Knights' ongoing dedication to…

The Economic Times · Sep 16

$1.1 billion from Nike co-founder will build Oregon’s first women’s hospital

Phil and Penny Knight have committed $1.1 billion to build Oregon's first hospital dedicated to women's health at Providence St. Vincent Medical Center

The Independent UK · Sep 15

Coinbase CEO Worth $8.5B Doesn't Want His Own Charity Foundation but Would Sponsor His Favourite Video Game

Coinbase CEO Brian Armstrong rejects a charitable foundation, criticises organised philanthropy and backs The Battle of Polytopia's 2026 championship.

International Business Times UK · Sep 15

John D. Rockefeller’s striking quote on wealth: ‘I know of nothing more despicable and pathetic…’ – One of history’s richest men on chasing money

John D. Rockefeller, known as an industrial pioneer, built a vast fortune through Standard Oil. However, he warned that fixating solely on wealth could lead to a hollow existence. He advocated for utilizing riches as a means to contribute positively to society. In his later years, Rockefeller devoted himself to…

The Economic Times · Sep 15

How diaspora groups in the US are responding to disasters in Nepal, Colombia, Venezuela and other homelands

A string of major disasters in 2026 have had devastating consequences. Earthquakes in Venezuela and Colombia and floods and mudslides in Nepal have killed tens of thousands of people and injured many more. Countless people remain missing and hundreds of thousands of homes are damaged, with some entire neighborhoods destroyed.

The Conversation · Sep 11

Billionaire Coinbase CEO Brian Armstrong says most charities are 'net negative'—and that he has no plans to make his own foundation

The crypto billionaire says he has a donor-advised fund but no plans to start a foundation, joining Elon Musk in casting doubt on traditional giving.

Fortune · Sep 10

MacKenzie Scott has given away $26.4 billion since her divorce from Jeff Bezos, more than any individual worldwide since 2012. Her record-breaking philanthropy is transforming HBCUs across America

MacKenzie Scott has donated $26.4 billion in less than seven years, making her the individual who has donated more money worldwide in a single year than anyone since Forbes began tracking charitable giving in 2012. The billionaire philanthropist has directed hundreds of millions of dollars toward HBCUs, often through unrestricted…

The Economic Times · Sep 9

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Fortune · Sep 9

His family fled the Soviet Union with 1 ruble to their name. Now billionaire Igor Tulchinsky is backing the biggest European exhibition of 2026

Tulchinsky has donated $6.8 million to the British Museum to support the exhibition which has been described by King Charles as a “remarkable artwork”.

The Economic Times · Sep 8

Coinbase CEO Brian Armstrong, one of crypto’s richest leaders, has a $9 billion net worth, but he says he won’t create a charity foundation: "I'm not going to do that"

Coinbase CEO Brian Armstrong, one of crypto’s richest leaders, has a massive net worth of $9 billion but he has taken a different approach on philanthrophy. He said in an appearance on the Katie Miller Podcast that he sees much of philanthropy as counterproductive. Brian Armstrong also said charitable institutions…

Fortune · Sep 7

Asian family philanthropy is ‘a lot more hands-on’—and more corporate—than the West

Over three-quarters of Asian family philanthropies partner with government, a contrast with Western donors who get 'nervous' about the state.

The Economic Times · Sep 6

In 1979, Rahul Mehta’s parents sold their gold and silver to fund his first semester in America; decades later, he helped establish eight schools across six IITs

Rahul Mehta, after selling four companies, now invests in India's intellectual capital. His foundation supports academic programs at IITs, focusing on key future fields. Mehta's parents sold their gold to fund his initial US education. He believes time, talent, and treasure are vital for philanthropic impact. This initiative aims to…

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International Business Times UK · Sep 4

'You Are Everything That Is Wrong With Humanity': Elon Musk Criticised After Backing Brian Armstrong's Philanthropy Claims

Elon Musk faces backlash after agreeing with Coinbase co-founder Brian Armstrong's claim that philanthropy is a net negative, sparking debate over the societal role of charitable foundations.

The Times of India · Sep 4

In 2020, Salesforce founder Marc Benioff backed a global effort to conserve and restore 1 trillion trees, later expanding his climate giving to $300 million

In 2021, Marc and Lynne Benioff took significant action towards environmental sustainability by launching a monumental $100 million Benioff TIME Tree Fund aimed at supporting reforestation initiatives. This impactful project not only aids indigenous and community-managed forest programs but also extends to ocean conservation efforts and advancements in climate technology.…

The Times of India · Sep 3

Before giving away billions, MacKenzie Scott started an anti-bullying organisation; her lesser-known philanthropy cause she backed for years

MacKenzie Scott is widely known for the extraordinary pace at which she has given away her fortune, often handing large grants to organisations with few restrictions on how the money should be spent. But years before her name became closely associated with billionaire philanthropy, she was backing a much smaller…

The Times of India · Sep 2

In 2005, Gateway co-founder Ted Waitt left the computer business and turned his fortune toward the oceans; his foundation has invested $70 million in marine conservation

In 2005, Ted Waitt made a decisive shift away from the computer industry that had made him wealthy and towards a very different frontier of the world’s oceans. The co-founder of Gateway had spent years building one of America’s most recognisable personal computer companies, but after retiring from the business,…

The Economic Times · Sep 1

Melinda French Gates’ NASA connection: How her aerospace engineer father, Apollo missions and women in STEM shaped her journey in tech and philanthropy

Melinda French Gates’ childhood was shaped by her father Raymond Joseph French Jr.’s aerospace career during the NASA Apollo era. Her father, Raymond Joseph French Jr., was an aerospace engineer whose career included work connected to NASA's Apollo programme. From watching Apollo launches to meeting women engineers and mathematicians at…

The Times of India · Aug 31

Before becoming a major philanthropist, Laurene Powell Jobs spent three years trading fixed-income securities on Wall Street

Before Laurene Powell Jobs became known for philanthropy, education, climate initiatives and media ownership, her professional life began on Wall Street. After studying at the University of Pennsylvania and the Wharton School, she joined Goldman Sachs, where she spent three years working in fixed-income trading strategy under Jon Corzine. It…

Fortune · Aug 28

An 87-year-old American billionaire bought the first Ferrari Luce for $40 million, and the purchase could save him $13 million in taxes

Dr. Herbert A. Wertheim, an optometrist and philanthropist with a $4.8 billion net worth, bought the EV earlier this month. It had a presale estimated cost of $1.1 million.

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