Most Rich People Give While Alive, but Less Often in Bequests
A new study by the Urban Institute also found that the gifts made in wills are greater than those made toward the end of life.
By Maria Di Mento
Senior Editor
Donors in Fight With Ohio State U. Over Use of Gift: Daily News Roundup
Michael Moritz’s widow and son say the university is illegally using money from the endowment for “development fees.” In other articles, professors at St. Louis University claim a recent $50 million contribution gives the donor a say in hiring; the divestment movement to combat climate change has gained momentum; Marc Benioff says his purchase of Time magazine fits in with other impact investing; and more about nonprofits and government and arts and culture.
Analyzing Bezos’s $2 Billion Tweet, Line by Line
Jeff Bezos’s pledge has the philanthropy world buzzing, but it’s short on specifics. We parse his announcement for whatever clues it may provide.
By Alex Daniels
Senior Editor, Foundations
Daily News Roundup: Controversial Nonprofit That Houses Migrant Kids Suing Houston
Also, a top physician at Sloan Kettering has resigned amid reports that he failed to disclose millions in payments from health-care companies in research articles; donations to storm relief in the Carolinas is coming from Michael Jordan, professional sports teams, universities, among other sources; and other articles on nonprofits on the law, big gifts, and much more.
Gifts Roundup: Amherst and St. John’s College Receive $50 Million Apiece
Also, Vanderbilt University received $25 million to support scholarships for veterans, and the New York Public Library got $12 million for a permanent exhibit on its research collections.
By Maria Di Mento
Senior Editor
How to Give Donors Hands-On Experiences That Inspire Loyalty
Start small, consider how an experience will make a wealthy donor feel, and make it personal, say experts.
By Maria Di Mento
Senior Editor
Daily News Roundup: Food Banks in S. Carolina Already Low on Supplies
Groups in evacuation zones have closed, straining those that are still open. Plus, a University of Michigan regent rejected thousands of dollars in campaign contributions; an artist’s daughter sued the Corcoran Gallery of Art’s board for the return of her mother’s sculptures; a judge sided with an ex-employee of the Gates Foundation who said he had been misled about the scope of his job and then fired; and more about Jeff Bezos’s philanthropy, other big gifts, innovation, and sexual misconduct.
The Bezos Commitment: How Nonprofits and Others See It
Here’s what a few people had to say about Amazon chief Jeff Bezos’s $2 billion philanthropic commitment announced on Thursday.
By Ariella Phillips
Contributor
Bezos Announces $2 Billion for Homeless, Low-Income Families, and Preschools
The pledge fulfills the promise he made last year that he would give money to charities that help people facing the most desperate, immediate need.
By Alex Daniels and Maria Di Mento
Daily News Roundup: Airbnb to Help People Displaced by Hurricane Florence Find Places to Stay
The company has activated its “response tool” so hosts can open their homes to people who have been evacuated and relief workers. Plus, St. John’s College has a philanthropy-centered plan to cut tuition; the president of Texas Tech talks about the loss of a $10 million gift; tech entrepreneurs are trying to make money while helping people do things like make down payments on new homes; and much more about big donors, philanthropy and government, and cultural groups.
Big organizations with household names did well, but people who gave the most tended to select groups with revenue under $50 million.
By Heather Joslyn
Contributor
Daily News Roundup: Amherst Gets Anonymous $50 Million Donation
Also, a $50 million gift to Saint Louis University has sparked controversy because under the agreement, the donor would have a say in who was hired to run a center for applied economic research; and the Gates Foundation has given $20.5 million to Johns Hopkins to study sexual-health issues for young people. Plus, a look at Jeff Bezos’s giving so far and what he might do in the future; and other articles about giving and nonprofits and the law and more.
Ensure Donor Satisfaction for the Life of a Big Gift
Gift agreements that will stand the test of time require clear and frequent communication before and after the signing.
By Maria Di Mento
Senior Editor
Daliy News Roundup: China’s Richest Man to Retire and Focus on Giving
A former teacher, Alibaba’s Jack Ma is worth more than $40 billion and plans to spend time and money on education. Also, a board member of a prominent center at the University of Virginia has resigned a year after offering to finance a shoe-shopping spree for women on the staff; health charities were the biggest beneficiaries of the $3.7 billion British gave to charity in their wills last year; and much more news, plus articles on giving and arts and culture.
Gifts Roundup: Denver Oil Man Gives $80 Million for Computer Science and Engineering
Plus, three other universities and a chimpanzee sanctuary all receive multimillion-dollar gifts.
By Maria Di Mento
Senior Editor
Daily News Roundup: Universities Get $80 Million and $30 Million Gifts
An $80 million gift to Western State Colorado University came from alumnus Paul Rady. Also, a $30 million donation to Michigan State will go toward constructing a building at the business school; a group of Catholic business leaders sent the Vatican a letter saying they were putting their tithe into an escrow account for now due to the sex-abuse scandals; two House Republicans are investigating three top U.S. environmental groups to see if they’ve acted as agents of foreign government; and much more.