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The Latest Breaking News from Philanthropy

John Arnold: Government Can't Be Trusted To Fix Any Problems

John Arnold argues that private markets solve problems better than government or philanthropy, and that real reform comes from decentralization, incentives, and evidence—not top-down control.

Reason

Cancer research in the US is world class because of its broad base of funding − with the government pulling out, its future is uncertain

Cancer research in the U.S. doesn’t rely on a single institution or funding stream − it’s a complex ecosystem made up of interdependent parts: academia, pharmaceutical companies, biotechnology startups, federal agencies and private foundations. As a cancer biologist who has worked in each of these sectors over the past three…

The Conversation

Asian wealth can bridge the SDG financing gap—but philanthropy needs a strategy shift

Asia-Pacific will need an additional $1.5 trillion annually to meet its SDG targets. Where can it find that money? From those who hold its wealth.

Fortune

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Living through a 'low-attention disaster,' Mountain Fire survivors recover in LA's shadow

Nearly six months after the Mountain Fire displaced 750 people and destroyed 182 homes and other structures in Ventura County, survivors say recovery is more difficult without FEMA support and in the shadow of the LA fires

The Independent UK

OpenAI's new nonprofit commission may have a lot more to do with maximizing profits than philanthropy

With scrutiny mounting and a $40 billion funding round on the line, OpenAI’s new nonprofit commission may be less about charity—and more about optics.

Fortune

A British billionaire funded therapeutic food production amid USAID 'craziness.' It won't be enough

America's nutritional peanut paste manufacturers are having a “yo-yo” of a year

The Independent UK

Why Rihanna's expanding Clara Lionel Foundation is seen as a model for celebrity philanthropy

Rihanna fans might know the musician for hits such as “Umbrella” and “Diamonds."

The Independent UK

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Anant Ambani’s 140 Km Walk to Dwarka: Defying Health Struggles with Faith and Determination

The youngest son of the Ambani family, one of the world’s most prominent and influential families, is known for his commitment to both business and philanthropy. Read further on Dynamite News:

Dynamite News

Don’t count on America’s wealthiest to help people struggling during the recession, experts say

Financial experts say a recession could lower donating among the lower rungs of the 1%.

Fortune

“In recognition of his outstanding achievements in the field of higher education, philanthropy and widening participation”: There’s another honorary degree on its way to Stormzy

The rapper’s scholarship scheme has now funded 55 Black British students

MusicRadar

Here’s how some human rights and LGBTQ+ groups prepared for major foreign aid cuts under Trump

The Trump administration's cuts to foreign aid have defunded groups that campaign for LGBTQ+ communities and for democracy around the world

The Independent UK

Melinda French Gates said Warren Buffett’s advice helped her set boundaries as a leader

Buffett told staffers at the Gates Foundation to “find your bull's-eye” and everything else will fall into place.

Fortune

Michael Bloomberg tops the list of America’s biggest donors for the second year in a row

For the second year in a row, former New York City mayor Michael Bloomberg gave the most to charitable causes, according to the Chronicle of Philanthropy’s exclusive Philanthropy 50 list of the Americans who donated the largest sums to nonprofits last year

The Independent UK

Gifts from top 50 US philanthropists rebounded to $16B in 2024 − Mike Bloomberg; Reed Hastings and Patty Quillin; and Michael and Susan Dell lead the list of biggest givers

The 50 American individuals and couples who gave or pledged the most to charity in 2024 committed US$16.2 billion to foundations, universities, hospitals and more. That total was 33% above an inflation-adjusted $12.2 billion in 2023, according to the Chronicle of Philanthropy’s latest annual tally of these donations. Media mogul…

The Conversation

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The Independent UK

Emergency fundraisers offer a lifeline to groups who've lost foreign aid

Several nonprofit groups launched fundraising campaigns last week to help organizations who have lost funding because of the Trump administration’s freeze on foreign assistance

The Independent UK

Carlyle Group co-founder Bill Conway’s $1 billion plan to end the nursing shortage

No other wealthy donor has dedicated as much money to such a wide range of nursing programs as Bill Conway, the 75-year-old co-founder of the private equity giant the Carlyle Group, and his late wife, Joanne Barkett Conway, who died in January, 2024

Fortune

3-year study finds MacKenzie Scott's $19 billion in charitable giving has been 'transformational' for nonprofits

A new report analyzes data from over 1,000 organizations that have received grants from the billionaire philanthropist.

International Business Times UK

Quick Facts About Dallas Mavericks Owner, Miriam Adelson: Age, Family, Net Worth And More

From medicine to billions of dollars, Miriam Adelson's story has had a diverse impact. She leads in business, philanthropy, and media.

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Top News

Aga Khan IV, Leader Of Ismaili Muslims, Dies At 88

Learn about the life and legacy of Aga Khan IV, a revered spiritual leader of Ismaili Muslims, known for his philanthropy and bridge-building efforts.

The Independent UK

FireAid, with Billie Eilish and Lady Gaga, is the latest in a long line of massive benefit concerts

FireAid, featuring Billie Eilish, Lady Gaga, Sting, Red Hot Chili Peppers and others in a fundraiser for Los Angeles-area wildfire relief efforts, is the latest event to combine music and philanthropy

The Independent UK

Target's DEI rollback raises questions about the retail giant's philanthropic commitments

Target’s rollback on diversity, equity and inclusion initiatives is raising questions about the retail giant’s philanthropic commitment to fighting racial disparities and promoting progressive values in liberal Minneapolis, where it is based, and beyond

The Conversation

Donors are down, but dollars are up – how US charitable giving is changing

Although the US$557 billion Americans gave to charity in 2023 marked a 2.1% decline in inflation-adjusted terms, U.S. donations have increased significantly over the past two decades. Giving has grown by about 42% since 2003, according to the annual Giving USA report – which our team at the Indiana University…

The Conversation

Philanthropy provides $30B annually for science and health research − funding that tends to stay local

The foundations making charitable donations to support scientific and health research mostly give to institutions in their home states.

The Conversation

Andrew Carnegie and the 19th-century ‘robber barons’ have lessons for today’s oligarchs about the responsibilities of wealth

When Mark Zuckerberg recently announced sweeping changes to his company Meta’s work practices in anticipation of a Trump 2.0 presidency, keen-eyed observers noticed the tech titan was wearing a wristwatch worth nearly US$900,000 (£837,000). It’s one of a range of high-end timepieces he has sported recently.

The Independent UK

Thomas Tighe reflects on 24 years leading the international health nonprofit Direct Relief

Thomas Tighe led the humanitarian aid organization Direct Relief for 24 years as its president and CEO

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People

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