Wealthy Donors

Buffett Gives Nearly $3.2B to Gates Foundation (and 4 Other Charities)
July 11, 2017 at 10:22 am

Warren Buffett is known for his generous charitable donations, and this time is no different. Just this past Monday, Buffett donated a record $3.17 billion to these five charities: The Bill & Melinda Gates Foundation, the Susan Thompson Buffett Foundation, the Howard G. Buffett Foundation, Sherwood Foundation and NoVo Foundation...

Michael Bloomberg Gives $75M to Shed Arts Center
May 25, 2017 at 9:51 am

The ambitious new arts center known as the Shed, rising in Hudson Yards, has received $75 million from Michael R. Bloomberg, showing just how much the Far West Side continues to be shaped by a small group of influential billionaires. They include Stephen M. Ross, the chairman of Related Companies, and Barry Diller, the media…

Andrew Forrest Gives $298M to Causes Covering Health, Education and Fighting Modern Slavery
May 23, 2017 at 10:45 am

Australian mining magnate Andrew Forrest on Monday made the country's biggest philanthropic gift by a living individual, donating $298 million to causes covering health, education and fighting modern slavery. Prime Minister Malcolm Turnbull sang the praises of the one-third owner of world No. 4 iron ore producer Fortescue Metals Group Ltd, who has faced occasional…

Key to the Vault: Getting the Rich to Donate
May 16, 2017 at 10:08 pm

Last week the New York Times published an article titled, “How to Get the Wealthy to Donate.” The piece began with the statement, “Wealthy people are selfish jerks. So are their children.” The article chronicled research that looked at the differences in charitable giving based on net worth. The conclusion of the research studies was clear, “Across a wide range of ages, wealthy adults tended to share less of what they had with others...

New York Public Library Receives $15M Gift
May 16, 2017 at 11:48 am

Philanthropist and New York Public Library Trustee Katharine J. Rayner has given the Library a $15 million gift to strengthen and advance the institution’s internationally-renowned research collections. The major gift, announced at the Library’s Board of Trustees meeting, establishes the “Katharine J. Rayner Fund for Special Collections,” which will fund the Library’s acquisition of special…

Anthony Rizzo Donates $3.5M Toward Children’s Cancer Treatments
May 10, 2017 at 10:28 am

Cubs first baseman Anthony Rizzo will donate $3.5 million to Lurie Children’s Hospital in Chicago, his foundation announced. The donation will be used to lend financial assistance to families who have trouble covering the cost of their children’s cancer treatments. The hospital has also renamed a waiting room after the Anthony Rizzo Family Foundation. Rizzo…

Cal Poly San Luis Obispo Receives $110M Gift
May 5, 2017 at 2:05 pm

Cal Poly San Luis Obispo has received $110 million—the largest private donation in the history of California State University—from William and Linda Frost, Cal State alumni who have worked extensively with administrators for more than a decade “to transform science and mathematics education at Cal Poly,” school officials announced Wednesday. Much of the donation will…

Civil War Battlefields Could Get Trump's First Salary Donation
May 3, 2017 at 10:17 am

The National Park Service has identified projects in three national parks—all Civil War or Revolutionary War battlefields—that could receive money donated back to the government from President Trump's presidential salary. At the top of the list are two restoration projects at the Chickamauga and Chattanooga National Military Park, both of which would cost about $78,000—almost…

Zuckerberg, Chan's Philanthropy Backs Effort to Change Scientific Publishing
April 28, 2017 at 10:05 am

The Chan Zuckerberg Initiative, the philanthropic investment vehicle created by Facebook co-founder and CEO Mark Zuckerberg and his wife, Priscilla Chan, MD, will fund an effort to allow biologists to share drafts of papers before they are published in peer-reviewed scientific journals like Nature or Science. Financial terms were not disclosed. Cori Bargmann, the president…

Couple Starts Nonprofit to Help Families of Fallen Officers
April 27, 2017 at 10:23 am

One couple decided to do something to help the families affected by the increase in the number of police killed in the line of duty. The Rice family said the tragedy of Deputy Geer's death inspired them to create a nonprofit organization to help families of fallen heroes across the country. The nonprofit is called the…