The gift will help Morgan State University, a historically Black college, finance scholarships for financially needy students.
Ai Weiwei and other artists say the investor Leon Black should step down as MoMA’s chairman amid revelations that he paid $158 million to Jeffrey Epstein.
These organizations are providing food, supplies and shelter to devastated communities. If you want to give aid, here are some research pointers.
The Biden administration plans to make good on a promise to donate $4 billion, while the pharmaceutical company Novavax committed to sell 1.1 billion doses of its vaccine.
The gift, which will also benefit formerly homeless men, was in keeping with an appeal that the host of “Jeopardy!” had made when he asked viewers to “build a gentler, kinder society.”
More than 160 participants in a master’s program funded by the Blackstone founder Stephen Schwarzman have urged him to stop donating to election objectors. He has declined.
Stewart Bainum, a hotel magnate and former politician, has swooped in with a plan to run it and other papers in Maryland as part of a nonprofit.
The Black Lives Matter movement has given leaders from the Global South new traction for change.
The legacies of John D. Rockefeller and Andrew Carnegie offer hints about what could be next for Amazon’s founder.
What began as an emergency measure in the pandemic’s early days has turned into a long-term business plan that could help many kitchens keep running.
After “pausing” political giving to any politician who voted to overturn the 2020 election, Microsoft has clarified changes to its lobbying policy, doubling down on its original intention and changing gears with an eye towards funding impactful organizations.
Microsoft, along with most other major companies in the tech sector and plenty others, announced a halt to political donations in the chaotic wake of the capitol riots and subsequent partisan clashes over the legitimacy of the election.
At the time, Microsoft said that it often pauses donations during the transition to a new Congress, but in this case it would only resume them “until after it assesses the implications of last week’s events” and “consult[s] with employees.”
Assessing and consulting can take a long time, especially in matters of allocating cash in politics, but Microsoft seems to have accomplished their goal in relatively short order. In a series of sessions over the last two weeks involving over 300 employees who contribute to the PAC, the company arrived at a new strategy that reflects their priorities.
In a word, they’re blacklisting any Senator, Representative, government official, or organization that voted for or supported the attempt to overturn the election. Fortunately there doesn’t seem to be a lot of grey area here, which simplifies the process somewhat. This restriction will remain in place until the 2022 election — which, frighteningly, happens next year.
In fact, as an alternative to donating to individual candidates and politicians in the first place, the PAC will establish a new fund to “support organizations that promote public transparency, campaign finance reform, and voting rights.”
More details on this are forthcoming, but it’s a significant change from direct support of candidates to independent organizations. One hardly knows what a candidate’s fund goes to (Superbowl ads this time of year), but giving half a million bucks to a group challenging voter suppression and gerrymandering in a hotly contested district can make a big difference. (Work like this on a large scale helped tip Georgia from red to blue, for instance, and it didn’t happen overnight, or for free.)
There’s even a hint of a larger change in the offing, as Microsoft’s communications head Frank X. Shaw suggests in the blog post that “we believe there is an opportunity to learn and work together” with like-minded companies and PACs. If that isn’t a sly invitation to create a coalition of the like-minded I don’t know what is.
The company also will be changing the name of the PAC to the Microsoft Corporation Voluntary PAC to better communicate that it’s funded by voluntary contributions from employees and stakeholders and isn’t just a big corporate lobbying slush fund.
As we saw around the time of the original “pause,” and indeed with many other actions in the tech industry over the last year, it’s likely that one large company (in this case Microsoft) getting specific with its political moves will trigger more who just didn’t want to be the first to go. It’s difficult to predict exactly what the long-term ramifications of these changes will be (as they are still quite general and tentative) but it seems safe to say that the political funding landscape of the next election period will look quite a bit different from the last one.
He went from an impoverished activist to the president of the Doe Fund, which has helped thousands of homeless people and ex-convicts in New York City find shelter and employment.
Nicknamed “Captain Tom,” the veteran raised tens of millions of pounds for Britain’s health workers by walking 100 laps of his garden last spring.
With breathless, often misleading appeals, the former president promised small donors that he was using the money to fight the election results, but in fact stored much of it for future use.
The process has changed during the pandemic, but getting started is easier than you might think.
The picture that emerged in new campaign finance reports was of Donald J. Trump waging a public relations effort to falsely argue that he had won the election rather than mounting a serious legal push.
Tom Moore, 100, raised $40 million in the spring by walking laps in his garden. He was admitted to a hospital on Sunday with the coronavirus, his daughter said.
They’ve always been big givers, but for a long time men got most of the credit.
Proceeds from sales of the T-shirts and sweatshirts will go to community organizations in the senator’s home state, including Feeding Chittenden.
After the disclosure that Mr. Black had paid Jeffrey Epstein $158 million, some have called for his removal.
How Virgil Abloh, Aerin Lauder and Darren Walker are navigating the shutdown.
A new venture suggests it will help art institutions find works of art that collectors have decided they want to give away as gifts.
Last June, Apple committed $100 million to a Racial Equity and Justice Initiative (REJI). Lisa Jackson, Apple’s vice president of environment, policy and social initiatives, is leading the initiative. Today, Apple is sharing some of its work as part of the initiative.
“We’re launching REJI’s latest initiatives with partners across a broad range of industries and backgrounds — from students to teachers, developers to entrepreneurs, and community organizers to justice advocates — working together to empower communities that have borne the brunt of racism and discrimination for far too long. We are honored to help bring this vision to bear, and to match our words and actions to the values of equity and inclusion we have always prized at Apple,” Apple CEO Tim Cook said in a statement.
The company will contribute $25 million to the Propel Center, an innovation and leaning hub for Historically Black Colleges and Universities. It is going to be both a virtual platform and a physical campus in the Atlanta University Center. Apple is sharing some early renderings of the new building (see above and below).
Students will be able to follow different educational tracks focused on artificial intelligence, agricultural technologies, social justice, entertainment, app development, augmented reality, design and create arts and entrepreneurship. This isn’t just a monetary investment for Apple as employees will help develop curricula and provide mentorship as well. There will be internship opportunities for students.
In Downtown Detroit, the company will also open an Apple Developer Academy focused on young Black entrepreneurs. This is a collaborative effort with Michigan State University. It’ll be open to all learners across Detroit and teach valuable skills for entrepreneurs, creators and coders.
There will be two programs. A 30-day introductory program will help you learn more about app economy careers. And if you’re willing to dive deeper, there’s an intensive 10- to 12-month program. Apple is trying to reach 1,000 students per year with these two programs.
The third effort is focused on investment opportunities for Black and Brown entrepreneurs. Apple will invest $10 million with Harlem Capital, a VC firm based in New York. There will be more collaboration between Harlem Capital and Apple down the road.
Apple is also investing $25 million in Siebert Williams Shank’s Clear Vision Impact Fund. Finally, Apple is making a contribution to The King Center.
As you can see, Apple’s Racial Equity and Justice Initiative is an on-going effort that requires evaluating new opportunities constantly. The company isn’t just trying to give money to everyone. It is evaluating each opportunity individually to find the best collaboration.
Any teacher in the San Francisco Unified School District who needs a second monitor can request one free of charge from Two Screens for Teachers, the nonprofit that recently extended a similar privilege to Seattle educators. If you’re a teacher in SF, you can sign up here.
Having a second monitor may sound like a power user move or luxury to some, but for teachers, whose days are essentially one giant group call, it’s a huge benefit to be able to put the call on one screen while the lesson and other tools are on another.
Two Screens for Teachers was started in September by Walk Score’s Matt Lerner and Mike Mathieu, and the first effort of simply connecting teachers in need to people who had a hundred bucks to spare quickly grew into something larger.
By tapping local businesses and VCs, they were able to secure enough money that any teacher in Seattle had a monitor available for the asking. Turns out it’s more efficient to do it that way. Lerner and his team have negotiated bulk pricing with Dell and others, which significantly lowers the necessary amounts for a given district.
San Francisco was a natural next location to try to get enough dollars together, and they’ve now collected enough for that city as well as Oakland, Redwood City and Contra Costa County. (San Jose is still a little short.)
This remarkable map, both hopeful and terrifying, shows the scale of what’s needed versus what’s been accomplished.
Yet even though the idea of hooking up more than 150,000 teachers with monitors seems gargantuan, it must be pointed out that in the few months since its humble beginnings, Two Screens for Teachers has rustled up more than 20,000, for both big cities and tiny towns. One order of magnitude is nothing!
The final cost for equipping teachers across the country with essential equipment is about $23 million. It seems an almost ridiculously low number for a single billionaire, perhaps one of the many whose net worth has grown by 10 times that amount in the last year, to provide with a single check. Here’s something with which one could buy genuine cross-country goodwill, cheap at the price.
For those of you not in the three (going on four) comma club, it’s still possible to help out in a smaller way either by donating or following the instructions here to ship a monitor to a teacher in need.
While lawmakers debate increasing the stimulus payments to $2,000, experts say it would make far more sense to give more money to the unemployed.
Virtual cocktail parties have replaced black-tie galas as cultural institutions struggle to pay their operating costs.
Environmental issues may seem too big to tackle, but some smaller foundations have figured out ways to have an impact.
Philip Esformes was sentenced last year to 20 years for Medicare fraud. Then a well-connected organization supported by his family weighed in with the White House.
“Stars in the House,” a variety show and fund-raiser, started just after the Broadway shutdown. Some 250 episodes later, its creators won’t quit.
How Jeremy O. Harris has turned his good fortune into grants, commissions and donations to other playwrights, and to libraries in need.
Fans in the theater world, including Matthew Broderick and Debra Messing, will appear in a Christmas Day telethon to try to save the West Bank Cafe.
Through a streamlined operation, Ms. Scott has given away $6 billion this year, much of it to small charities and nonprofits.
In 1918, as soldiers returned from war and New York navigated a pandemic, readers opened their wallets. In 2020, the generosity continues.
MacKenzie Scott’s donations to colleges serving often overlooked students were a surprise — and potentially transformational.
Hayley Orlinsky, 7, has sold some 9,000 bracelets to raise money for Covid-19 equipment at the hospital that cared for her as an infant.
“She’s disrupting the norms around billionaire philanthropy by moving quickly,” an expert on charities said.
The suit had been brought by Françoise Brougher, Pinterest’s former chief operating officer, who said she was fired after speaking up about mistreatment.
A Kissinger protégé (and a pre-eminent textile art collector), his fingerprints can be found on many of the leading postwar institutions linking the two allies.
Robert F. Smith has acknowledged his involvement in a 15-year scheme to hide more than $200 million in income and evade taxes, but he retains the support of the hall’s board.
Even during the pandemic.
One of the richest women in the world devoted decades to preparing for a pandemic.
Literary fans and celebrities who starred in Tolkien films start a crowdfunding campaign to preserve the house.
Even as more young men and women in need want to play, the pandemic has made it more difficult for nonprofits to raise money.
Socialist-minded millennial heirs are trying to live their values by getting rid of their money.
The billionaire is working with the W.H.O., drugmakers and nonprofits to defeat the coronavirus everywhere, including in the world’s poorest nations. Can they do it?
Mr. Quinn, who learned he had A.L.S. a month after he turned 30, was credited with helping to make the ice-bucket videos a viral sensation that raised $220 million worldwide.
And: Georgina Bloomberg on being the child of a politician.
Educate a girl. Send a young person to college. Restore a person’s sight.
Under the pandemic relief program, taxpayers can deduct up to $300, even if they take the standard deduction. And even if $300 doesn’t sound like much, it’s “a big deal” to the needy.
Ms. Parton donated $1 million to fund research for a coronavirus vaccine. After a promising announcement from a major drugmaker on Monday, fans are crediting her with helping to save the world from the virus.