Rasmuson Foundation Awards Almost $9 Million to Alaska Nonprofits

The Anchorage-based Rasmuson Foundation recently announced that it made grants totaling $8.6 million to 18 Alaska nonprofit organizations. This is one of the largest awards in the foundation’s history. “These uncertain economic times in Alaska have put a strain on many of the programs that fill a critical role in our state,” said Rasmuson Foundation […]

Google Awards €22 Million in Digital Innovation Grants

Google’s nonprofit arm, Google.org, recently announced that it had awarded nearly €22 million ($25 million) to European organizations seeking to support the integration of news and technology. The grants were made through Google’s Digital News Initiative and its DNI Innovation Fund. In this round of applications, the organization received more than 988 project submissions from […]

Bezos Crowdsources His Next Philanthropic Effort

On June 15, Amazon founder Jeff Bezos wrote a tweet nobody expected. It was an image with the text “This tweet is a request fro ideas. I’m thinking about a philanthropy strategy that is the opposite of how I mostly spend my time—working on the long term. For philanthropy, I find I’m drawn to the […]

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 […]

Successful Grad Gives Back, Makes Hefty Donation to Alma Mater

When Ken Mehlman graduated from Franklin & Marshall College in 1988, nobody knew who he was. At the time, he was just another college grad trying to make something of his life. But in the years since then, Mehlman has made quite the name for himself. He is now a distinguished political figure, lawyer, 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 […]