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The Latest Breaking News from Philanthropy

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

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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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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

The Independent UK

North Belfast Ulster Scots themed gable art installations approved by Council

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

Belfast Live

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

The Independent UK

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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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The Independent UK

Q&A: Direct Relief CEO Thomas Tighe on how to help Ukraine

Helping Ukrainians can generally be done by using existing aid strategies

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