Hong Kong does not lack institutions that speak the language of service and responsibility. What it lacks, too often, is a clear account of what difference they actually make. That is why the Hong Kong Jockey Club (HKJC) Charities Trust’s first impact report deserves attention. Publishing such a report may seem like routine institutional business….
Two powerful, back-to-back earthquakes shook Venezuela Wednesday evening, collapsing buildings, killing hundreds and leaving thousands more missing across the northern part of the country. Many more are feared dead. Governments, nonprofits and members of the Venezuelan diaspora around the world are mobilizing to respond after the magnitude 7.2 and 7.5 quakes, to help find the…
Bill Gates and Warren Buffett ushered in a new Gilded Era of philanthropic giving, likened in influence to the Rockefellers and Carnegies. But charity work is about to look very different as higher taxes are threatened on liberal institutions, and new methods of giving are popularized by women mega-donors. MacKenzie Scott has become a pioneer…
When you hear of a billionaire reducing their holdings in a company like Amazon, it immediately shocks the business world. In this case, the story of MacKenzie Scott, the ex-wife of Jeff Bezos, is more than just a portfolio adjustment, rather it’s a powerful statement on business and philanthropy. Recently she reduced her Amazon stake…
Bill Gates and Brazil’s president Luiz Inácio Lula da Silva (host of COP30 meeting next week in Belem) speak on stage during the annual Goalkeepers NYC event in 2024. The event is a catalyst for action linked to the UN’s 17 Sustainable Goals (Photo by Roy Rochlin/Getty Images) Getty Images In the pantheon of philanthropy,…
Billionaire author and philanthropist MacKenzie Scott has made history with two major donations, giving $63 million to Maryland’s Morgan State University, the largest gift the university has ever received from a single individual and $40 million to support the preservation of Black historical landmarks. Scott’s latest contributions build on her earlier support for Morgan State,…
NEW YORK (AP) — Armed with hundreds of thousands of dollars from Newman’s Own Foundation and Ozempic creator Novo Nordisk, young Native Americans are leading the fight against persistently high rates of food insecurity in tribal communities. In a rare example of agency for a beneficiary community, 21 emerging Indigenous leaders recently crafted selection criteria,…
Philanthropist MacKenzie Scott and Yield Giving donated $42 million to San Rafael-based nonprofit 10,000 Degrees, marking the largest donation in its 45-year history, Fortune confirmed. Scott, the ex-wife of billionaire Jeff Bezos, has a well-established reputation for directing her philanthropy toward first-generation and low-income students, many of them students of color. Standing by DEI in…
Amazon founder Jeff Bezos who has a net worth of around $240 billion, once described himself as a ‘lottery winner’ and emphasised on the moral obligation which comes with extraordinary wealth. In a 2001 interview, Bezos shared his thoughts on philanthropy, calling it a challenge equal to building a fortune. “If you are a lottery…