He plans to continue to make payments to five foundations throughout his lifetime, as he promised in the statements he made announcing the pledges in 2006.
By Maria Di Mento
Senior Editor
George Soros Hands Control Over His Family’s Philanthropy to Son Alex
The new chair of Open Society Foundations says he is “more political” than his father and that he’s likely to make political donations that advance voting rights and abortion rights.
By Armin Langer
Contributor
Mellon Foundation Awards $25 Million to 9 Cities Through Its Monuments Project
Plus, the Bill & Melinda Gates Foundation has pledged $50 million over five years to continue the Global Health Drug Discovery Institute, and the National Trust for Historic Preservation will give $3.8 million to protect and preserve 40 historic sites through its African American Cultural Heritage Action Fund.
By M.J. Prest
Senior Editor, Solutions
Nonprofits Are Stable Despite Burnout, Inflation, and Rising Expenses
But many will face challenges ahead of hiring and keeping employees, a new study has found.
By Alex Daniels
Senior Editor, Foundations
Supreme Court Could Set Back Philanthropy’s Racial-Diversity Efforts With Affirmative-Action Ruling
The cases at issue involve colleges, but legal experts say many of the diversity efforts advanced by nonprofits and foundations could soon face court challenges. A ruling is expected in the next two weeks.
By Alex Daniels
Senior Editor, Foundations
Donors Who Rescinded $60 Million Pledge Have a Change of Heart and Commit $26.5 Million
Plus, MacKenzie Scott gave $5 million to a nonprofit focused on improving the educational experiences of neurodiverse youths, and two universities and a chiropractic college all received big gifts.
By Maria Di Mento
Senior Editor
Apple Doubles to $200 Million Its Support for Racial Equity
Half the money is in the form of philanthropy grants; the other half in investments focused on equity.
By Kay Dervishi
Contributor
Apollo Theater CEO Jonelle Procope to Leave the Historic Landmark on Safe Financial Ground
Her 20-year tenure as CEO evolved into an era of prosperity and expansion, markedly different from the tumultuous, cash-strapped decades that preceded it.
By Glenn Gamboa
AP Business Writer
Frederick Ryan Jr. Will Lead Reagan Foundation’s Center on Public Civility
Also, a program director from Additional Ventures will be the first executive director of the Carbon to Sea Initiative, and the Strada Education Foundation has hired its first executive vice president, chief administrative officer, and chief of staff.
By M.J. Prest
Senior Editor, Solutions