Worry that the gifts would lead other donors to pull back their support or that small groups wouldn’t be able to handle the money were largely unfounded. Plus: MacKenzie Scott’s Giving Total Is Now Over $13 Billion
By Maria Di Mento
Senior Editor
MacKenzie Scott’s Giving Total Is Now Over $13 Billion
Scott released names of more than 1,200 charities that she supported with big gifts over the past seven months.
By Sara Herschander
Contributor
Jeff Bezos Says He Will Give Away Most of His Fortune
The Amazon founder whose “real-time” worth Forbes magazine estimates at roughly $124.1 billion, didn’t specify how — or to whom — he will give away the money but said he and his girlfriend, Lauren Sanchez, were building the “capacity” to do it.
By the Associated Press
Contributor
Companies Seek to Jump-Start Donations From Everyday Donors as Year-End Giving Season Arrives
Companies often used to rely on partnerships with big nonprofits, but today many of them typically allow customers to make gifts to any organization that has received charity status from the IRS.
By Sara Herschander
Contributor
Retired Blackstone Partner and Wife Give $25 Million for Early-Childhood Health
Plus, a former vice chairman of the Federal Reserve supports a D.C. neighborhood museum. Also, two universities, the National Gallery of Art, and a health-care system in Utah all land big gifts.
By Maria Di Mento
Senior Editor
Sean Connery Foundation Picks Its First Executive Director
Also, the Hershey Trust Company has hired a new CEO and chief investment officer to oversee its $20 billion endowment, and Georgia Levenson Keohane will serve as CEO of the Soros Economic Development Fund, the impact-investment arm of the Open Society Foundations.
By M.J. Prest
Senior Editor, Solutions
The lawsuit cites an 1878 agreement with the state of California to create and fund the law school, which promised Hastings’ heirs $100,000, plus interest, should the school ever “cease to exist.”
By Terri Lynn Helge
Contributor
Economy Shows Mixed Signals as Giving Season Approaches
Troubling economic signs, including high inflation, have clouded the outlook for nonprofits just at the moment when many organizations are entering their most important period for raising money.
By Sara Herschander
Contributor
Nonprofits Could Benefit From Tuesday’s Divided Election Results
Lack of a decisive victory for either party means that nonprofits could have a stronger chance of getting legislation they care about moving, including extending access to the charitable deduction to more Americans.
By Alex Daniels
Contributor
Clarios Foundation Pledges $20 Million to Unicef to Improve Environmental Health for Children
Also, the Kislak Family Foundation gave $10 million to the Library of Congress for a new gallery about Indigenous societies, and several major grants have been announced at the U.N. Climate Change Conference, taking place this week in Egypt.
By M.J. Prest
Senior Editor, Solutions