philanthropy

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Billionaires' 'Giving Pledge' Not Good Enough

But here's a way to fix it

(Newser) - A bunch of billionaires have signed up for Warren Buffett and Bill Gates’ “ Giving Pledge ,” promising to give away half or more of their money to charity. Sounds great, right? Not to Ron Rosenbaum of Slate . “I think I can speak for the rest of the world...

Johnny Carson Estate Gives $156M to Charity

Money will be distributed by his foundation

(Newser) - Johnny Carson has rewritten the book on celebrity philanthropy. The late entertainer's charitable foundation has received $156 million from a trust that Carson set up years before his death in 2005, reports the Smoking Gun . The bequest means that Carson's foundation is now by far the biggest of Hollywood charities....

Thanks for the Generosity, You 'Robber Barons'
Thanks for the Generosity, You 'Robber Barons'
robert reich
Aug 5, 2010 3:50 PM CDT

Thanks for the Generosity, You 'Robber Barons'

The rich-poor divide is getting even worse

(Newser) - It's "admirable" that Bill Gates and Warren Buffett got their billionaire buddies to pledge huge sums to charity, writes Robert Reich at Salon . Not so admirable is "what this reveals about how much money is now concentrated in so few hands," he says. "It’s more...

Paul Allen Will Give Away Billions
Paul Allen Will
Give Away
Billions
Jul 16, 2010 6:50 AM CDT

Paul Allen Will Give Away Billions

Microsoft co-founder commits most of his fortune to philanthropy

(Newser) - Looks as though Bill Gates' billionaire challenge is paying off: Microsoft co-founder Paul Allen has pledged to give away most of his $13 billion fortune. He made the vow public a month after Bill and Melinda Gates and Warren Buffett urged the world's richest to give away at least half...

Screw Charity, Millionaires Spending More on Bling
Screw Charity, Millionaires Spending More on Bling
TIMES ARE TOUGH
Jun 24, 2010 1:13 PM CDT

Screw Charity, Millionaires Spending More on Bling

Financial crisis scares money out of stocks, into stuff

(Newser) - Spooked by the financial crisis, millionaires have pulled their money out of stocks and put it where their passions are—think yachts, art, private jets, and expensive jewelry—while simultaneously cutting back on their donations to charity, according to a new report from Merrill Lynch and Capgemini. Most millionaires now...

Gates, Buffett to Super Rich: Give Half of It Away
Gates, Buffett to Super Rich: Give Half of It Away
Charity Megadrive
Jun 16, 2010 12:13 PM CDT

Gates, Buffett to Super Rich: Give Half of It Away

Details of the secret billionaires meeting revealed

(Newser) - Remember that super-secret meeting of the world’s richest people? Well, the contents of that meeting have finally been revealed, in a new Fortune article that pulls back the curtain on probably the biggest charity drive of all time. The meeting was the brainchild of Bill Gates and Warren Buffett,...

America's Top Philanthropists

Annual list tracks most generous of 2009; Bill and Melinda Gates are 3rd

(Newser) - The recession took a bite out of charitable giving last year, but some very wealthy, very generous people kept their checkbooks open. Slate delivers its annual list of the 60 biggest donors in the country, who together came up with $4.2 billion in new commitments to charity last year....

This Holiday's Worthy 3rd-World Charities
 This Holiday's Worthy 
 3rd-World Charities 
NICHOLAS KRISTOF
Dec 24, 2009 11:22 AM CST

This Holiday's Worthy 3rd-World Charities

Nicholas Kristof's annual list focuses on little-known aid groups

(Newser) - “Tired of celebrating spiritual holidays with crass commercialism?” writes Nicholas D. Kristof, in full pitchman mode. Have no fear: “Nothing says ‘happy holidays’ like donating in Aunt Tilda’s name to build a composting toilet in Haiti.” A sampling of the New York Times columnist’s...

Meet Trevor Neilson, Brangelina Puppetmaster
 Meet Trevor Neilson, 
 Brangelina Puppetmaster 
BOOK EXCERPT
Dec 10, 2009 2:00 PM CST

Meet Trevor Neilson, Brangelina Puppetmaster

Ian Halperin tome reveals the man behind the brand

(Newser) - Insiders are split on the sincerity of Angelina Jolie and Brad Pitt’s global philanthropy spree, but everyone knows exactly who crafted their do-gooder image: Trevor Neilson. The “Hollywood philanthropy adviser” extraordinaire "practically created Brangelina,” an insider tells Ian Halperin for his book Brangelina. “It's practically...

Abe Pollin, Owner of DC Sports Teams, Dies at 85
Abe Pollin, Owner of DC Sports Teams, Dies at 85
OBITUARY
Nov 24, 2009 6:23 PM CST

Abe Pollin, Owner of DC Sports Teams, Dies at 85

Developer, philanthropist brought NBA, NHL to capital

(Newser) - Abe Pollin, the son of Russian immigrants who parlayed success in housing development into the ownership of Washington’s NBA and NHL franchises, died today of a rare neurological disease; he was 85. Pollin’s philanthropic efforts boosted many of the capital’s poorer areas, and he put $220 million...

Madoff Colleague Found Dead in Swimming Pool

Jeffry Picower faced Ponzi scheme lawsuit

(Newser) - Philanthropist Jeffry Picower, who allegedly reaped billions of dollars from longtime friend Bernard Madoff's Ponzi schemes, was found dead today at the bottom of his Florida swimming pool. Efforts to revive him failed, and his death was ruled a drowning, police said. Picower, 67, wife Barbara, and their foundation were...

Fan Crush Crashes Bruni's New Website

Showcase for 'ultimate modern woman's' charity work collapses under onslaught

(Newser) - A much-hyped website showcasing Carla Bruni's work as France's first lady crashed within minutes of its launch yesterday after receiving thousands of hits. Administrators at carlabrunisarkozy.org said the site—which describes the ex-model as "the ultimate modern woman"—couldn't cope with the demand and advised visitors to...

How to Spend Your $333M Mega Jackpot

Lottery pot now tops $333M

(Newser) - With the Mega Millions jackpot at $333 million, ABC News investigates the best ways to spend it:
  • A new pad: "I would think they'd want to own a truly extraordinary home," says a real-estate agent. How about 3 townhouses in Greenwich Village, at just $16 million a pop?
...

Soros: Time for Philanthropists to Step Up in Public Sphere

Gives $200 to every underprivileged NY kid

(Newser) - George Soros is giving $200 to each and every underprivileged kid in New York state, the billionaire announced today, for a total $35 million bill that will make the state eligible for another $140 million in stimulus money. Some have criticized it as a welfare-style handout, but Soros tells Time...

Lunch With Buffett Sells for $1.68M

(Newser) - Lunch with Warren Buffett is a little cheaper this year. The anonymous winner of an eBay auction for a steak lunch with the Oracle of Omaha paid $1.68 million, down from last year’s record of $2.1 million. It’s still the second highest bid in the 10-year...

How You Can Shop —and Help the World

A list of retail strategies to do good while you buy

(Newser) - Want to do some shopping and do some good—at the same time? Sandy Stonesifer, writing for Slate, offers some ways to buy for the betterment of humanity:
  • Go for products that donate a portion of proceeds to charity—like Product (Red) iPods, which give to the Global Fund, and
...

At $5B in Profits, One Client May Have Out-Madoffed Madoff

(Newser) - At least one person looks to have benefited more from Bernie Madoff’s Ponzi scheme than Bernie Madoff, ProPublica reports. Jeffry Picower, a secretive philanthropist and investor in medical technologies, is on the books as having withdrawn some $5.1 billion in returns from 1995 to 2008, well beyond his...

Gorbachev Ballads Album Fetches $160K at Auction

(Newser) - A CD of Mikhail Gorbachev singing traditional Russian ballads has sold for $164,940 at a charity auction in London, the Guardian reports. The sole copy is now in the hands of an “anonymous British philanthropist.” The benefit was held to raise money for a foundation, named after...

Astor Trial Delayed as Son Visits Doc

Trial may restart tomorrow: judge

(Newser) - The Brooke Astor trial is on hold because the late philanthropist’s accused son is visiting his neurologist. Anthony Marshall—who is 85, wears a pacemaker, and has survived a heart attack and open-heart surgery—has been looking increasingly frail as the fraud trial unfolds, the New York Post notes....

Giving Away Billions Feels Great: Gates

Microsoft founder touts philan-therapy for world's rich

(Newser) - Bill Gates is touting the feel-good benefits of giving away money, telling a crowd in Oslo that “all billionaires should give away the vast majority of their fortunes.” Leave enough for the kids, he says, but, “I’m a great believer that great wealth should go from...

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