Gund Sells Painting to Start Criminal Justice Reform Fund

Philanthropist Agnes Gund, a former president of the Museum of Modern Art, sold one of her most valuable paintings to provide seed funding for a nonprofit criminal justice reform fund. Roy Lichtenstein’s “Masterpiece” hung on Gund’s mantel until she sold the piece in January for $165 million, including fees. Most of that money—$100 million—went to […]

Detroit’s Strategic Neighborhood Fund Gets $2.5 Million in Philanthropic Support

On June 1, the John S. and James L. Knight Foundation announced that they are investing $1.5 million in Detroit’s Strategic Neighborhood Fund. The Strategic Neighborhood Fund is a public-private partnership between the City of Detroit and Invest Detroit whose goal is to show that neighborhood redevelopment can be done in financially sound, sustainable, and […]

Millennials’ Activities Indicate They Will Likely Give More As They Age

It’s not surprising that Millennials aren’t busy giving copious amounts of money to charity. Saddled with student debt and low-paying jobs, many of them have all they can do to meet their basic needs. But according to a new study, there are signs that Millennials are poised to become very generous donors as they age. […]

Tax Reform Proposals Could Cost Nonprofits

According to a new report commissioned by Independent Sector, the tax reforms being proposed by Republican lawmakers and the Trump administration could decrease charitable giving by up to $13.1 billion. The report, Tax Policy and Charitable Giving, estimates that current proposals to lower the top marginal tax rate and raise the standard deduction could reduce […]

Town & Country Names Top 50 Philanthropists of 2017

On May 8, the editors of Town & Country magazine shared the names of 50 men and women who are committed to changing the world through their philanthropy. Most of them are not household names, although a few are. Here are some of the people—with a combined giving power of $321 billion—who are making their […]

NASCAR Puts Philanthropy In High Gear

NASCAR CEO Brian France and his wife, Amy, have set the pace for the sport’s philanthropy. With a recent million-dollar partnership with Hassenfeld Children’s Hospital of New York at NYU Langone, the family has helped many children who otherwise may not have received medical care. “We don’t charge patients for our services, so we rely […]

EBay Founder Pledges $100M to Fight Fake News and Hate Speech

Taken aback by the way “fake news” has wormed itself into mainstream political discourse, eBay founder Pierre Omidyar is pledging to fight misinformation and hate speech. The International Consortium of Investigative Journalists (ICIJ) will be among the independent and investigative media outlets that will receive funding from Omidyar’s coffers over the next three years. According […]

6 Tips for Raising a Child to Be Philanthropic

If you’re a philanthropist yourself—no matter the amount or size of your gifts—you probably want your children to follow in your footsteps and learn the values of generosity and kindness to other living beings. But sometimes it seems like there’s so much distraction, you don’t know if your hopes are falling on deaf ears. Here are […]

PayPal Giving Fund Under Legal Fire

PayPal is facing a lawsuit over its Giving Fund platform, which plaintiffs maintain isn’t delivering their money to the charities it promises. The platform purports to give 100 percent of donations to the charity indicated by the donor, and in some cases offers a 1-percent match. But that doesn’t seem to be working out. According […]

Eric Trump Foundation Is Under Fire

It looks like the charity scandal apple doesn’t fall far from the tree in the Trump family, as Eric Trump is under fire for his own Eric Trump Foundation’s seeming inability to follow IRS rules for charities. Chief among the problems is widespread conflict of interest, as the foundation regularly makes donations to pet projects […]