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Archive for the ‘Major Donors’ Category

A Look at the 50 Most Generous Donors of 2013

In Major Donors, Observations on 05/19/2014 at 5:03 pm

A Look at the 50 Most Generous Donors of 2013 – Philanthropy 50 – The Chronicle of Philanthropy- 

America’s biggest donors gave $7.7-billion to nonprofits in 2013, with higher education and family foundations receiving the most money. Read more about how The Chronicle compiled this list.

 

7 More Philanthropists Sign Giving Pledge\

In Major Donors, Observations on 05/19/2014 at 4:59 pm

7 More Philanthropists Sign Giving Pledge – News – The Chronicle of Philanthropy- 

Facebook COO Sheryl Sandberg and her husband, Dave Goldberg, are two of seven philanthropists who have signed the Giving Pledge, the effort advanced by Warren Buffett and Bill and Melinda Gates to encourage the wealthy to pledge to give at least half of their fortune to charity.

The new signers, announced today, also include Ann Gloag, a co-founder of the international transport company Stagecoach; Paul Orfalea, the founder of the business-services retailer Kinko’s, and his wife, Natalie; and Craig Silverstein, Google’s first employee, and his wife Mary Obelnicki.

Created four years ago by Mr. Buffett and the Gateses, the Giving Pledge now has 127 signatories from 12 countries and 26 American states….

Billionaires’ Wealth Is Skyrocketing. Their Philanthropy Is Not By Nick Summers

In Major Donors, Observations on 05/09/2014 at 11:07 am

The article is here

The Chronicle of Philanthropy released its annual “Philanthropy 50” list this week, detailing the gifts of the most generous donors in America. These individuals are “ditching the caution that marked so much of their giving as the economy stalled and are roaring back” with $7.7 billion in contributions, 4 percent more than in 2012, the publication says.

Some $7.7 billion is nothing to scoff at. It’s also possible that the figure would be higher if anonymous donations were included. The Chronicle publishes an excellent data set, however, and a closer look at the numbers suggests there is not quite a “surge” or “boom” in the largest gifts….

The $13 Billion Mystery Angels By Zachary R. Mider

In Major Donors, Observations on 05/09/2014 at 11:00 am

The country’s fourth-largest philanthropy, with nearly $10-billion in assets, has given in near secrecy to both liberal and conservative causes, says Bloomberg Businessweek, which reveals three of the men behind the funding.

The unknown man’s donations to the fight against Huntington’s, it turns out, were just a small part of his generosity. A year ago, when I was trying to solve a different mystery, I noticed in an obscure Internal Revenue Service database the existence of two huge charitable funds known as Gabriel Trust and Endurance Funding Trust. They had been established on the same day in 2002. Together, these trusts hold about $9.7 billion. That’s one of the largest pools of philanthropic funding in the U.S., bigger than the Carnegie and Rockefeller foundations combined. Only three private foundations in the country—the Gates, Ford, and Getty foundations—are bigger.

But someone had taken elaborate steps to make sure no one figured out where this money came from, using layers of company subsidiaries to obscure its origins. Gabriel’s and Endurance’s reports to the IRS, on file with the agency in Ogden, Utah, showed the trusts were controlled by companies in Nevada and Wyoming, using the addresses of local law firms. The companies, in turn, proved to be controlled by others in Delaware. I kept digging. Finally in August, a sheaf of papers I’d requested arrived in the mail from the Delaware Office of the Secretary of State. They showed that the man behind the companies that control Gabriel was Andrew Shechtel of Princeton, N.J….

 

The 2014 Alpha Rich List

In Major Donors, Observations on 05/06/2014 at 11:38 am

The highest ranking hedge fund managers here.

 

GiveWell and Major Donors: NYT review

In Major Donors, Observations on 04/26/2014 at 11:43 am

Donating, and Making Sure the Money Is Put to Work

See NYT article here

All roads on this quest led to an organization called GiveWell, where a couple of former hedge fund analysts lead a small team of researchers who have spent years developing a short list of recommended charities. In January 2013, we gave money to GiveWell to transfer to their top pick, Against Malaria Foundation, an organization in London that distributes long-lasting insecticide-treated bed nets in Africa….

White House Hosts ‘Next Generation’ Young and Rich – NYTimes.com

In Major Donors on 04/20/2014 at 12:07 pm

White House Hosts ‘Next Generation’ Young and Rich – NYTimes.com.

The daylong conference was organized by Thomas Kalil, a deputy director for technology and innovation in the White House Office of Science and Technology Policy, with the help of Nexus, a youth organization based in Washington that seeks to “catalyze” the next generation of billionaire philanthropists and other stakeholders.

Mr. Kalil moved nimbly among the affluent participants and through the ornate halls of the Eisenhower Executive Office Building, where the summit was held. “A lot of this is not just, you know, collaborations between the administration and philanthropists,” he said, “but philanthropists finding each other, finding other philanthropists with shared interests.”

Will Knight challenge hurt or help nonprofit fundraisers?

In Fundraising, Major Donors, Observations on 04/11/2014 at 8:00 pm

Will Knight challenge hurt or help nonprofit fundraisers?.

Johnson said the Knight challenge had the potential to create funding difficulties for some of the smaller organizations that might find donors tapped out, but many of the fundraisers said that the Knight challenge might become a rising tide that could lift all their boats. New donors will likely be identified, and Phil Knight himself might be signaling his future philanthropy could be on the rise.

“The philanthropy landscape is beginning to change,” Johnson said. He told the conference audience that they could not expect to continue business as usual and that if they were going to survive, they likely would need to “pay more attention to their business practices.”

Attendees, who ranged from the Oregon Humane Society to Meals On Wheels, spoke of potentially increasing collaboration with one another in the future, though that almost never extends to sharing the names of donors. Johnson said it was unlikely OHSU would share the names of any new philanthropists it uncovers as part of its fundraising campaign.

In advance of the meeting, the organization commissioned a survey of local nonprofits. When asked whether the Knight challenge would, in fact, be “a rising tide that lifts all boats,” 47 percent of fundraisers said it was unlikely and 27 percent said they were neutral. Smaller nonprofits that raised less than $500,000 in 2013 were more likely to voice concern about the Knight grant, according to the survey.

Those numbers suggest a high level of concern, according to Johnson. “Fundraisers are a pretty optimistic lot,” he said.

9 charts that explain the history of global wealth – Vox

In India & International Philanthropy, Major Donors, Observations on 04/10/2014 at 10:05 pm

9 charts that explain the history of global wealth – Vox.

Forbes Is Now Updating Net Worths And Rankings Of More Than 1,600 Billionaires Every Trading Day

In India & International Philanthropy, Major Donors on 03/25/2014 at 7:38 pm

Forbes Is Now Updating Net Worths And Rankings Of More Than 1,600 Billionaires Every Trading Day.

For more than a quarter of a century, Forbes has been tracking the fortunes of the richest people on the planet, annually publishing the rankings of the 400 Richest Americans and the World’s Billionaires. In recent years, thanks to improvements in technology and the Internet, we’ve been updating those figures more frequently while also continuing to enhance and expand our wealth coverage. In 2012, we launched real-time billionaires, which tracked daily changes in the value of three top listed holdings of a handpicked group of high profile billionaires. Now we’re taking another huge leap forward, for the first time ever updating the fortunes – and ranks- of more than 1,600 billionaires on a daily basis.

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