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 · Dec 20, 2022

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 · Dec 20, 2022

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 · Dec 18, 2022

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 · Dec 1, 2022

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 · Nov 30, 2022

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 · Nov 28, 2022

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 · Nov 23, 2022

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 · Nov 16, 2022

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 · Nov 15, 2022

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 · Nov 15, 2022