Latest Philanthropy News
Stony Brook University gets $500 million from hedge fund founder who taught math there
NEW YORK (AP) — Stony Brook University, a part of the public State University of New York system, will receive $500 million from a philanthropic foundation started by a hedge fund billionaire who once taught math there, the foundation announced Thursday. The gift from the Simons...
Lenny Kravitz, Billie Eilish set for Global Citizen's 'Power Our Planet' show for climate financing
Music superstars Lenny Kravitz, Billie Eilish and H.E.R. will team with advocacy nonprofit Global Citizen for a free concert in front of the Eiffel Tower designed to convince world leaders to take further action against climate change. “Power Our Planet: Live in Paris” is set for...
Philanthropy helps boost manufacturing in areas with high job vacancies
CLEVELAND (AP) — Mary Lamar had been searching for a job that was a good fit. She worked for a time as a nursing assistant but found it boring. A stint as a shipyard welder ended because she could no longer bear the winter cold. Then Lamar had what she described as a “rift” in...
Ballmer Group awards $42.5 million to help more than 100 Black-led groups expand
A new grantmaking effort funded by former Microsoft CEO Steve Ballmer and his wife Connie’s philanthropic arm will provide $42.5 million over the next five years to support more than 100 Black-led nonprofits focused on improving economic mobility. The effort, announced Thursday,...
New Chicago mayor pledges commitment to progressive strategy, asks for unity
CHICAGO (AP) — Chicago Mayor Brandon Johnson began his first term of office Monday, asking Chicagoans to set aside deep differences, confront challenges together and build “a city that works for everyone.” Johnson, 47, whose victory was touted by progressives as evidence that...
Bills' Hamlin will put the millions raised into his charity
NEW YORK (AP) — Buffalo Bills safety Damar Hamlin will use the $10 million given to online fundraising campaigns by well-wishers after his on-field collapse to fund his own nonprofit, the Chasing M's Foundation. The decision, first shared with The Associated Press Monday, begins...
Global Citizen NOW summit yields commitments, big and small
NEW YORK (AP) — Hugh Evans highlighted a staggering new statistic to explain why this year’s Global Citizen NOW conference was packed with calls to action and urgent requests for involvement. The CEO of Global Citizen, who has been fighting against extreme poverty since he was...
Trudeau, Macron set for Global Citizen NOW conference in NYC
NEW YORK (AP) — Canadian Prime Minister Justin Trudeau, French President Emmanuel Macron, and European Commission President Ursula von der Leyen will join business, political and philanthropic leaders, as well as celebrities, including Hugh Jackman and John Legend, for this year’s edition of...
Helping out: How American volunteerism is changing — and why
NEW YORK (AP) — Daniela Fernandez has no trouble attracting volunteers to her group Sustainable Ocean Alliance. Last month, she presided over the Our Ocean Youth Leadership Summit in Panama, where 77 participants from 45 countries volunteered their time to develop solutions to protect the oceans....
Corporate volunteerism: 'Not charity. It's good business.'
NEW YORK (AP) — The one-day volunteering event — where employees give back to their communities by packing boxes of food or cleaning up a park or fundraising — is so ingrained in corporations that it’s long been lampooned by pop culture. However, as the national decline of...
