Allegations That George Santos’s Charity Is Fake Highlight How Scams Divert Money From Worthy Causes
Santos says Friends of Pets United rescued 2,400 dogs and 280 cats and that it trapped, neutered, and released over 3,000 cats. But no evidence has been presented publicly showing the charity ever existed.
By Sarah Webber
Contributor
Fidelity Pledges $250 Million to Support Minority Students
The Invest in My Education program, announced Tuesday, plans to increase graduation rates and students’ ability to complete their education debt free.
By Glenn Gamboa
AP Business Writer
Gates Foundation to Increase Funding to $8.3 Billion This Year
The grant maker predicts its annual grant budget will grow to $9 billion by 2026.
By Alex Daniels
Senior Editor, Foundations
Heinz Endowments Will Install Next President in April
Also, the GroundTruth Project has tapped a new leader, and Ronn Richard plans to retire as president and CEO of the Cleveland Foundation later this year.
By M.J. Prest
Senior Editor, Solutions
Disaster Giving Goes Mostly to Immediate Relief, Not Prevention or Long-Term Recovery
Foundation giving was 15 times greater in the year after the pandemic struck. But the emphasis on immediate relief worries experts, especially as climate change makes natural disasters more frequent and devastating.
By Kay Dervishi and Yesica Balderrama
Dead Billionaires Whose Foundations Are Thriving Today Can Thank Henry VIII and Elizabeth I
History explains why American donors get to give from the grave.
By Nuri Heckler
Contributor
Giving Was Up but the Number of Donors Was Down the First Three Quarters of 2022
Charitable giving was up 4.7 percent, but the number of individual donors was down 7.1 percent compared with 2021, according to new data from the Fundraising Effectiveness Project.
By Rasheeda Childress
Senior Editor, Fundraising
A Fundraiser Rallies Donors to Loan Paintings for a Special Exhibit of Black Art at Cedars-Sinai
The exhibit was sparked by a call from a donor to a fundraiser to discuss leaving pieces by Black artists so the art would reflect more of the hospital’s patients.
By Rasheeda Childress
Senior Editor, Fundraising
Chronicle of Philanthropy Names Its First Chief Revenue Officer
The organization’s move is a key step as it gets ready to become an independent nonprofit that can expand its services to the nonprofit world.
FedEx Founder and Veteran Fred Smith Offers Unusual Gift
He financed the production of the film Devotion, about two Navy pilots in the Korean War. The film’s proceeds will go in part to endow a new scholarship fund for the children of Navy service members pursuing studies in STEM.
By Thalia Beaty
Associated Press