Wealthy Donors

Bruno Mars Surprises Fans With $1M Donation to Flint Water Crisis
August 14, 2017 at 11:22 am

Singer Bruno Mars had a surprise at his sold-out concert in Michigan—telling the crowd he was donating $1 million to help Flint residents deal with the ongoing contaminated water crisis. During a performance at the Palace of Auburn Hills for his 24k Magic World Tour, Mars told the crowd that he and the show's promoter,…

Pop Quiz: How to Approach the Richest People in Town for a Gift
August 14, 2017 at 11:16 am

Do the wealthiest people in your community seem beyond your reach? Perhaps there’s a business person in your city who seems to have her fingers in most everything. She is the developer of the town’s most prestigious residential community...

Manchester United's Juan Mata to Give Portion of Salary to Charity
August 4, 2017 at 11:12 am

Manchester United midfielder Juan Mata is to donate part of his salary to charity and has urged other footballers to do the same. Mata has pledged 1 percent of his income to help grassroots football projects around the world. In the past, the Spain international has branded footballers' wages "ridiculous" and "obscene." The 29-year-old's announcement…

Wealthy People Give to Charity for Different Reasons Than the Rest of Us
July 25, 2017 at 12:04 pm

What motivates people to give to charity? Surprisingly, the most obvious answers to this question have been difficult to prove. For example, having a desire to give is often not enough: Many people who express a strong intention to make charitable donations often fail to follow through on their intentions. The research is also mixed…

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…