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...

Julian Edelman Shaves Beard for Charity

Julian Edelman Shaves Beard for Charity

Feb 08

NFL superstar Julian Edelman took it all off after talk show host Ellen DeGeneres made him an offer he couldn’t resist: $10,000 donated to the Boys & Girls Club of Boston if he let her shave his epic beard. Not only did the Super Bowl MVP graciously accept the deal, he one-upped her with an offer of his own—to match the donation in full. “This is like nine months of hard work,”...

Nonprofit Boards Are Falling Short of Diversity Goals, Survey Shows

Nonprofit Boards Are Falling Short of Diversity Goals, Survey Shows

Feb 02

A new report from Koya Leadership Partners reveals that nonprofit boards are still suffering from a lack of diversity, even though board members are keenly aware of how important inclusivity is. These findings are based off an online survey that was administered to board and executive committee members at more than 100 nonprofits. The report, entitled, The Governance Gap: Examining Diversity and...

Chicago Foundation for Women Awards $1.1 Million in Grants

Chicago Foundation for Women Awards $1.1 Million in Grants

Jan 13

Disenfranchised women and girls from the Chicago area will now have a better chance of obtaining economic security and reproductive justice, thanks to a $1.114 million donation from the Chicago Foundation for Women. The donation was broken down into 43 grants, which were awarded to multiple different organizations and causes. According to Philanthropy News Digest, 29 grants totaling $810,000...