Wealthy Donors

Bill, Melinda Gates Rethink US Philanthropy
February 14, 2018 at 12:58 pm

Bill and Melinda Gates, as the world’s top philanthropists, are rethinking their work in America as they confront what they consider their unsatisfactory track record on schools, the country’s growing inequity and a president they disagree with more than any other. In an interview with the Associated Press, the couple said they’re concerned about President…

Investor Bill Miller Commits $75M to Johns Hopkins Philosophy Department
January 23, 2018 at 12:37 pm

Legendary investor William H. "Bill" Miller III has committed a record $75 million to the Johns Hopkins University Department of Philosophy to broaden and intensify faculty research, graduate student support and undergraduate study of philosophical thought. The gift is believed to be by far the largest ever to a university philosophy program. It is also…

Jeff Bezos Donates $33M to Scholarship Fund for ‘Dreamers’
January 18, 2018 at 1:16 pm

Jeffrey P. Bezos, founder of Amazon and owner of The Washington Post, announced that he is donating $33 million to a scholarship fund for young “dreamers,” immigrants brought to the U.S. illegally as children. The donation from the world’s wealthiest person comes amid fresh pressure from business leaders as talks on Capitol Hill over how…

Why the Rich are Greedy, Part 2
January 10, 2018 at 12:51 pm

A recent blog we wrote titled, “Why the Rich are Greedy (and What to Do About It),” garnered some interesting responses from readers. The blog cites research documenting that wealthy people give a smaller percentage of their discretionary income to charity when compared with less well-off individuals. It also mentions the body of psychological research that suggests that affluence tends to make people less sensitive to the needs of others and why…

Why the Rich Are Greedy (and What to Do About It)
January 3, 2018 at 11:43 am

Who is more likely to help out someone in need: a poor person or someone who is rich? We are inclined to think that the wealthier you are, the more you are able to reach out to others, so you will do so. If you already have enough (house, job, vacation time, etc.), the easier it will be to think about what others need...

Study: What Are the Giving Patterns of Wealthy Philanthropists?
December 22, 2017 at 11:35 am

There are a number of charities out there that tend to target high-net worth philanthropists, and these philanthropists have the opportunity to play a big role due to the fact that they willingly give in large amounts...

Cole Hamels Donates Mansion Worth Over $9M to Charity
December 19, 2017 at 11:14 am

Cole Hamels and his wife Heidi are donating more than money to charity this year. The couple donated a mansion and 100 acres of land in southwest Missouri to Camp Barnabas, a charity that provides camps for children with special needs and chronic illnesses. Hamels and his wife donated the 32,000-square-foot home to Camp Barnabas…

Anonymous Bitcoin Whale Promises to Give $86M to Charity
December 15, 2017 at 11:06 am

If you had a fortune in bitcoins, what would you do with it? One Bitcoin whale (a term often used for someone who owns a lot of bitcoins) has decided to simply give most of it away to charities. The anonymous benefactor announced his intentions on Reddit, and launched a site for this endeavor which…

David Rockefeller’s Thoughtful Path to Philanthropy
November 10, 2017 at 11:07 am

Somewhere beneath Rockefeller Center, in a workroom with the bare fluorescent lights and tall shelves of a big discount warehouse, auction-house employees are sorting through Chinese porcelain tureens, duck decoys, prized paintings and hundreds of other items. A photo studio has been set up, too, the better to shoot close-ups for the catalogs that will…

George Soros Gave Nearly 80 Percent of His Wealth to His Charity
October 18, 2017 at 1:24 pm

George Soros just gave most of his wealth to his charitable organization, the Wall Street Journal reported Tuesday. The billionaire philanthropist transferred $18 billion to Open Society Foundations, a sprawling international group of charities that works in more than 100 countries on projects focused on refugee relief, public health and many other topics. The $18…