Buffett Gives $2.8 Billion to Gates and Family Foundations
Warren Buffett gave $2.84 billion in Berkshire Hathaway stock to the Bill & Melinda Gates Foundation and four charities with ties to his own family on Monday, the largest yet of his now-traditional summertime donations, Reuters reports.
Indian Mogul Premji Allocates $3.8 Billion in Stock to Trust
Technology magnate Azim Premji’s donation of an 18 percent stake in software company Wipro to his charitable trust lifts his total philanthropic commitment to more than half his fortune, The Economic Times reports.
Case Study: Keeping Fundraiser Poachers at Bay
One development chief uses a four-pronged approach to motivate her team and reduce turnover.
By Drew Lindsay
Senior Editor, Special Projects
Gifts Roundup: $27 Million for Economics at the University of Cambridge
Also included is a $2-million gift to expand the neurological intensive-care unit at Abbott Northwestern Hospital in Minneapolis.
By Maria Di Mento
Senior Editor
Gateses and Waltons Among Top Donors to Jeb Bush Schools Group
Several major corporations and education-focused philanthropies have donated millions of dollars to the school-overhaul nonprofit launched by Jeb Bush after his tenure as Florida’s governor, the Associated Press reports, citing disclosures made last week by the Republican presidential candidate.
Why I Give: ‘All These People Were Suffering and Dying’
Stories from displaced people working in his factories inspired Chobani Yogurt founder Hamdi Ulukaya to use new foundation to help refugees around the world.
By Maria Di Mento
Senior Editor
Philanthropy’s Bid to End Slavery in the Modern Age
With 35 million people trapped in forced labor, sex trafficking, and other forms of bondage, the Freedom Fund has an ambitious plan to attack an age-old problem.
By Drew Lindsay
Senior Editor, Special Projects
Recovery in Donations? Not So Fast, “Giving USA” Data Shows
People are giving more, incomes are rising, and foundations are more generous. But there’s another side to all the happy news.
$32-Billion Pledge by Saudi Prince Reflects Gateses’ Influence
Prince al-Waleed bin Talal, who is spending his fortune on causes such as empowering women, hopes his philanthropy will spur others to give.
By Megan O’Neil
Contributor
Saudi Prince Pledges to Give Away $32 Billion Fortune
Prince al-Waleed bin Talal, nephew of Saudi King Salman, says his philanthropy will focus on empowering women, among other causes, The Wall Street Journal reports.
Gifts Roundup: $100 Million for Drug Research; Cornell Gets $50 Million
Other gifts include $25 million for Parkinson’s disease research and $4.5 million from former Facebook president Sean Parker to fight malaria.
By Maria Di Mento
Senior Editor
Opinion: Sean Parker on How ‘Hackers’ Can Remake Giving
In a Wall Street Journal column, the Napster co-founder and former Facebook executive describes how a generation of young tech moguls is changing traditional philanthropy and offers advice to this “hacker elite” on deploying its enormous wealth to solve global problems.
Median Corporation Gave $18.5-Million in 2014
Financial, industrial, and utility firms overwhelmingly donated money while the communications and health-care sectors gave more in products and services, The Wall Street Journal reports, citing new data from a Committee Encouraging Corporate Philanthropy study.
San Diego Institute Gets $100 Million for Medical Research
Southern California philanthropist Conrad Prebys’s name will be added to that of the Sanford-Burnham Medical Research Institute in honor of the gift supporting efforts to translate laboratory work into new treatments, U-T San Diego reports.
Cancer Institute Meets Phil Knight’s $500-Million Challenge-Grant Goal
The two-year fundraising blitz brought in a $100-million individual gift, $200 million in state funds, and money from more than 10,000 donors from every state and five countries.
By Rebecca Koenig
Contributor
$50 Million Gift for Cornell Biomedical Work and $25 Million for NYU Langone
The donation to Cornell University will build its department of biomedical engineering into a full-fledged school, Capital New York writes, and the contribution to NYU Langone Medical Center is for Parkinson’s research, the news site also reports.