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Foundation Giving

Daily News Roundup: Chinese Man Makes Mysterious $18 Billion Donation

July 27, 2017 | Read Time: 1 minute

Chinese Man Makes Mysterious $18 Billion Donation: Guan Jun donated a third of HNA Group of China – worth up to $18 billion – to the Hainan Cihang Charity Foundation, based in New York, reports The New York Times. How the man came to own such a large part of the huge Chinese company is unknown.

Google Commits $50 Million for Job Preparation: Google.org announced a $50 million project to study and help job seekers prepare for the future of employment, reports Recode. Some recipients include Code for America, Social Finance, and the National Domestic Workers Alliance.

Anti-Terrorism Efforts Disrupt Charity Finances: More than 300 charities based in Britain have had their bank accounts closed and thousands more have had operations disrupted in government efforts to stop money from flowing to terrorist organizations, Reuters reports.

Disgraced Coach’s Charity Pauses Work: The Freeze Foundation, created by former University of Mississippi football coach Hugh Freeze, will pause its activities, reports the Associated Press. The coach resigned from the university, which said he had engaged in a “pattern of personal misconduct.” USA Today reported that the charity had donated $125,000 to two Christian nonprofits in 2015.