Latest Individual giving News

Liz Weston: Make the most of new rules for charitable giving

Dec. 05, 2022 11:01 AM EST

Most people no longer get a tax deduction when they donate to charity. That shouldn’t keep you from making donations, but you may want to change your approach. Typically, only taxpayers who itemize deductions can write off charitable contributions. The vast majority of taxpayers...

Fidelity Charitable: New grants to surpass deposits in 2022

Nov. 29, 2022 06:07 AM EST

Fidelity Charitable, the nation’s largest grantmaker, expects 2022 will be the first year since 2018 that the value of grants from its donor advised funds exceeds the value of investments going into the funds. Jacob Pruitt, Fidelity Charitable’s president, told The Associated...

Fidelity Charitable launches NFT raffle amid crypto downturn

Nov. 28, 2022 15:42 PM EST

NEW YORK (AP) — Fidelity Charitable is getting into NFTs, the digital images that are registered on the blockchain, despite a torrent of bad news from the adjacent world of cryptocurrencies. The nation's largest grantmaker is sponsoring a raffle that ends Tuesday, where...

Buffett donates over $750 million to his family charities

Nov. 23, 2022 18:07 PM EST

OMAHA, Neb. (AP) — Billionaire investor Warren Buffett donated more than $750 million in Berkshire Hathaway stock to the four foundations run by his family Wednesday, but unlike his annual gifts to charity each summer, the recipients didn't include the Bill & Melinda Gates Foundation. ...

Charities hoping to fill pantries, gather gifts and funds

Nov. 19, 2022 10:51 AM EST

CLARKSBURG, W.Va. (AP) — With November’s arrival, charities everywhere will begin an end-of-the-year push to fill up food pantries for Thanksgiving, collect Christmas gifts and gather monetary donations in time for the holiday season. In Clarksburg, West Virginia, the Mustard...

Virginia McLaurin, who danced with the Obamas, dies at 113

Nov. 15, 2022 21:53 PM EST

OLNEY, Md. (AP) — Virginia McLaurin, the centenarian who danced excitedly with President Barack Obama and first lady Michelle Obama during a 2016 White House visit, has died. She was 113. McLaurin's son, Felipe Cardoso Jr., said Tuesday that she died early Monday at her home in...

MacKenzie Scott acknowledges another $2B in donations

Nov. 14, 2022 18:23 PM EST

NEW YORK (AP) — Megadonor and novelist MacKenzie Scott announced almost $2 billion in donations to 343 organizations in a short blog post Monday, emphasizing her interest in supporting people from underserved communities. In her first post in nearly eight months, Scott showcased...

Son of WVa helicopter crash victim files wrongful death suit

Nov. 14, 2022 16:44 PM EST

CHARLESTON, W.Va. (AP) — The son of a man who died in a June helicopter crash in West Virginia that killed six people has filed a wrongful death lawsuit against the company that owned the Vietnam-era aircraft and others, claiming negligence contributed to their deaths. Brian...

FTX bankruptcy also endangers founder's philanthropic gifts

Nov. 14, 2022 14:12 PM EST

NEW YORK (AP) — The rapid collapse of cryptocurrency exchange FTX into bankruptcy last week has also shaken the world of philanthropy, due to the donations and influence of FTX founder Sam Bankman-Fried in the “effective altruism” movement. The FTX Foundation -- and other...

Jeff Bezos says he will give away most of his fortune

Nov. 14, 2022 10:11 AM EST

NEW YORK (AP) — Amazon founder Jeff Bezos said he will give away the majority of his wealth during his lifetime, becoming the latest billionaire to pledge to donate much of his vast fortune. Bezos, whose “real-time” worth Forbes magazine estimates at roughly $124.1 billion,...