philanthropy

How More Women Can Become Philanthropists

This author believes that more women need to think of themselves as philanthropists and get more strategic in their giving, so that their donations will have the maximum impact. Here's how.

America's Wealthy Step Up to the Plate

This month, 12 more billionaire families committed to donate at least half of their wealth to charity by taking the Giving Pledge. Here are introductions to some of the new signatories and their pet philanthropic projects.

How to Use Life Insurance to Donate to Charity

When most of us buy life insurance, we're thinking about one thing: Making sure our families are taken care of after we're gone. But in this season of giving, you might also want to think about setting up a policy to take care of your favorite charity.

Paul Mitchell CEO Talks Philanthropy, Animal Testing, More

In a one-on-one interview with DailyFinance, Paul Mitchell CEO John Paul DeJoria discusses the hair-care industry, his philanthropy efforts and why the company won't go public. "If Paul Mitchell went open market, I'd double my business overnight. But I always said that if we were lucky enough to make it, we'll be the only ones that never sold you out."

Warren Buffett's Grandson Follows in Grandpa's Humanitarian Footsteps

Howard Warren Buffett, grandson of renowned investor Warren Buffett, is a chip off the old philanthropic block. At the recent Social Good Summit in New York, he spoke about the challenges in this age of technology of preserving our human connections with those who are suffering.

Warren Buffett Says Rich People Should Pay Higher Taxes

Billionaire investor Warren Buffett said that wealthy Americans should pay more in taxes and that the Bush-era tax cuts for high-earners should expire, Bloomberg News reported. "People at the high end -- people like myself -- should be paying a lot more in taxes. We have it better than we%u2019ve ever had it," Buffett said in an interview with ABC%u2019s "This Week With Christiane Amanpour" that is scheduled to air on Nov. 28.

Gates Foundation Gives $50 Million to Smithsonian

The Bill & Melinda Gates Foundation gave $50 million for new programs at the Smithsonian Institution. Thirty million dollars of that will go towards programs aimed at underserved students in school districts across the United States, The Associated Press reported.

U.S. Charities See Sharp Decline in Donations

The biggest U.S. charities saw the sharpest decline in donations in 20 years in 2009, with donations down by an average of 11%. The nation%u2019s top 10 charities in terms of donations saw gifts decline by as much as 40.3%, The Chronicle of Philanthropy reported. United Way Worldwide, the Salvation Army and the American Cancer Society all saw donations fall.

Billionaire Henry Kravis Gives $100 Million to Columbia Business School

Henry Kravis, billionaire co-founder of private equity outfit KKR, pledged $100 million to Columbia Business School, the largest gift in the institution%u2019s history. Columbia will use the money to help fund the construction of the business school%u2019s new site in New York City%u2019s Manhattanville section, Bloomberg News reported. The business school will name one of its two new buildings for Kravis.

Gates, Buffett Will Promote Philanthropy to China's Rich

Bill Gates and Warren Buffett are scheduled to dine with Chinese businessmen Wednesday in a bid to promote philanthropy in the world%u2019s second-largest economy. The dinner will be held at a mansion, modeled after the baroque 17th century Chateau de Maisons-Laffitte in France, on the edge of Beijing, The Associated Press said.

George Soros to Donate $100 Million to Human Rights Watch

George Soros, billionaire investor and philanthropist, is donating $100 million to Human Rights Watch in his largest ever gift. Soros will announce the gift later today, The New York Times reported. It will be by far the largest gift that Human Rights Watch has ever received.

Microsoft Co-Founder Paul Allen to Give Away Most of Fortune

Microsoft (MSFT) co-founder Paul Allen plans to give away most of his $13.5 billion fortune. In a statement, Allen said that his "philanthropic efforts will continue after my lifetime" Allen co-founded Microsoft with Bill Gates in 1975. He left the company in 1983 and became an investor in a range of industries including media and cable.

Corporate Charity Reaps Big Benefits

The earthquake that struck Haiti last week has resulted in an outpouring of contributions to nonprofit groups to rescue those trapped under rubble and aid survivors. Much of the money collected has come from big U.S. businesses.

Yahoo's Airport Stunt Has Legs

As part of Yahoo's year-end do-gooder campaign, it paid the baggage fees of travelers at two California airports. It was a clever gimmick that tied in with Yahoo's mission of easing life's navigation -- and if the company is wise, it could be the seed for a new and better marketing campaign.