Latest Individual giving News

What's next for Paul Allen's big investments? It's not clear

Oct. 18, 2018 6:28 PM EDT

SEATTLE (AP) — Prior to his death on Monday, billionaire Microsoft co-founder Paul Allen invested large sums in technology ventures, research projects and philanthropy, some of it eclectic and highly speculative. What happens to those commitments now? Outside of bland assurances from his investment...

4 tax breaks for teachers

Oct. 18, 2018 10:04 AM EDT

The flood of education-related tax advice that seems to crest during back-to-school season often centers on students or their parents. But teachers can score a few tax breaks, too — if they do their homework. Three tax pros share their own lesson plans for cutting teachers' tax bills. 1. Educator Expense...

Shoe-shiner who gave $200K in tips to hospital dies at 76

Oct. 17, 2018 3:56 PM EDT

PITTSBURGH (AP) — A part-time shoe-shiner who donated more than $200,000 in tips over 30 years to a Pittsburgh children's hospital died early Tuesday. Albert Lexie died of an undisclosed health condition, according to University of Pittsburgh Medical Center officials. He was 76. Every Tuesday and Thursday...

GoFundMe makes donation hub for limo crash victims' families

Oct. 12, 2018 2:46 PM EDT

ALBANY, N.Y. (AP) — New York's attorney general is working with GoFundMe to ensure all donations related to the limousine crash that killed 20 people go to the intended beneficiaries. Attorney General Barbara Underwood says Friday the online fundraising site has established a centralized hub for all...

Musk donation to pay for school water filtration systems

Oct. 5, 2018 6:08 PM EDT

FLINT, Mich. (AP) — A $480,000 donation from the Musk Foundation will allow schools in Flint, Michigan, to install ultraviolet water filtration systems to drinking fountains. Flint Community Schools said Friday that the donation from tech billionaire Elon Musk's foundation comes as the district works to...

APNewsBreak: 'Alt-right' group regains IRS tax-exempt status

Oct. 4, 2018 3:45 PM EDT

COLLEGE PARK, Md. (AP) — The Internal Revenue Service has reinstated the tax-exempt status of a nonprofit operated by white nationalist Richard Spencer, who has been banned from using mainstream online platforms to raise money. Spencer's Alexandria, Virginia-based National Policy Institute Inc....

Artists create 58 portraits of Las Vegas shooting victims

Sep. 17, 2018 4:34 PM EDT

LAS VEGAS (AP) — Portraits of the 58 people killed in last year's mass shooting in Las Vegas went on display Monday after artists from around the world donated their time to memorialize the victims. "I want people to know these individuals," Mary Jo von Tillow said at the display's opening in Las Vegas....

Amazon's Jeff Bezos to start $2 billion charitable fund

Sep. 13, 2018 3:22 PM EDT

SEATTLE (AP) — Amazon founder and CEO Jeff Bezos said Thursday that he is giving $2 billion to start a fund that will open preschools in low-income neighborhoods and give money to nonprofits that helps homeless families. Bezos, whose stake in Amazon is worth about $160 billion, says that he'll call it the...

APNewsBreak: MGM offers deal to shooting victims it's suing

Sep. 11, 2018 11:23 PM EDT

LAS VEGAS (AP) — MGM Resorts International drew criticism Tuesday for saying hundreds of survivors of the Las Vegas mass shooting, who are being sued by the casino operator, could opt to have the money that will be used to serve them a lawsuit instead donated to a charity. The company in July sued more...

Effort to build floating maritime museum advances

Sep. 9, 2018 4:16 PM EDT

NEWPORT, Vt. (AP) — The effort to buy a boat in northern Vermont to transform it into a floating maritime museum has moved one step forward. The board of directors of Memphremagog Community Maritime announced that they have been awarded non-profit status and are now eligible for grants and tax-deductible...