Report: Millennial Entrepreneurs Give More Than Older Entrepreneurs

Report: Millennial Entrepreneurs Give More Than Older Entrepreneurs

May 31

A new report from Fidelity Charitable found that there is a huge generosity gap among different generations of entrepreneurs. The report, titled Entrepreneurs as Philanthropists, concluded that Millennial entrepreneurs volunteer and give significantly more than their older counterparts. These findings are based on a 2018 survey of 3,000 American adults, over 700 of which were current or former...

The Met Will No Longer Accept Donations From Sackler Family

The Met Will No Longer Accept Donations From Sackler Family

May 15

Amid mounting public pressure, New York’s Metropolitan Museum of Art has decided to stop taking donations from the Sackler family. Critics hold the family responsible for the current opioid crisis, given that the company they own—Purdue Pharma—developed the highly addictive painkiller known as OxyContin. OxyContin, which is available via prescription, belongs to a class of drugs known as...

Charity Rejects Donation from Robert Kraft

Charity Rejects Donation from Robert Kraft

May 10

It takes a lot of guts to turn down a $100,000 donation, but that’s precisely what a Catholic charity did when billionaire Robert Kraft offered to make a hefty contribution. The Haitian Project, a Rhode Island-based nonprofit that operates a school for impoverished children in Haiti, had been trying to secure a donation from Kraft for quite some time. However, it was only when Kraft became...

Chinese Business Magnate to Donate $961M Bonus to Charity

Chinese Business Magnate to Donate $961M Bonus to Charity

Apr 12

Photo: Xiaomi CEO Lei Jun launches the company’s own chipset Surge S1 and Mi 5c smartphone on Feb 28, 2017 in Beijing, China. Source: zhangjin_net / Shutterstock.com One of China’s most successful entrepreneurs has pledged to donate his entire bonus to charity—a sum that totals nearly $1 billion. Lei Jun is the founder and CEO of Xiaomi, one of China’s leading smartphone manufacturers. On...

Jersey Mike’s to Donate All of Today’s Sales to Charity

Jersey Mike’s to Donate All of Today’s Sales to Charity

Mar 27

Imagine if your next meal came with a side of altruism. That’s the opportunity sandwich chain Jersey Mike’s is offering customers today. In honor of their ninth annual Day of Giving, the company is donating all sales to charity. It is a nationwide event, meaning that every Jersey Mike’s location in the U.S. is participating. However, it’s only for today, so those who want to contribute had...

Key Worldwide Foundation at Center of College Admissions Scandal

Key Worldwide Foundation at Center of College Admissions Scandal

Mar 13

A California charity is under federal investigation after being linked to the massive college admissions scandal that made headlines early Tuesday. Authorities say The Key Worldwide Foundation was used to launder money from wealthy parents who sought to pay their children’s way into prestigious universities. The nonprofit is founded and run by William “Rick” Singer, the alleged ringleader of the...

Education Philanthropy is Headed in a New Direction

Education Philanthropy is Headed in a New Direction

Feb 28

A new survey conducted by Grantmakers for Education shows a significant shift in the education initiatives that donors are most interested in. For the past decade, donors have primarily focused their attention on K-12 reform, which covers issues related to teacher quality, standards, and assessments. However, the latest research shows that donors are less interested in K-12 reform and more...

Why Bill Gates and Mark Zuckerberg Weren’t As Charitable in 2018

Why Bill Gates and Mark Zuckerberg Weren’t As Charitable in 2018

Feb 22

A new report published in the Chronicle of Philanthropy shows that America’s billionaires weren’t feeling quite as generous in 2018 as they were in 2017. Statistics reveal that last year, the country’s 50 most charitable billionaire’s only donated half of what they did in 2017. Nonprofit expert Lynn Raynault explains why. “I think it’s less about giving less in 2018 (because 2018 was still well...