charitable foundation

Hedge Fund Manager to Pay $405 Million to Madoff Victims

A settlement announced Sunday will bring $405 million to the clients of hedge fund manager J. Ezra Merkin who were victims of Bernard Madoff's Ponzi scheme. They include a host of charitable organizations; most will receive more than 40% of of their losses back.

Buffett Donates $1.6 Billion, Most Since 2008

Warren Buffett's annual gift to the Bill and Melinda Gates Foundation rose 28%, to $1.6 billion from $1.25 billion last year, as Berkshire Hathaway shares jumped 35% over the last year.