Browsing: charitable donations
GivingTuesday estimates $3.6 billion was donated to nonprofits this year, up $500 million from 2023
U.S. donors gave $3.6 billion on Tuesday, an increase from the past two years, according to estimates from the nonprofit GivingTuesday.…
Planning a charity gift? Try these 401(k)-style accounts to max giving—and lower your tax bill
After LinkedIn went public in 2011, then-vice president of product management Adam Nash faced a pleasant dilemma: he was sitting…
Fake charity tycoon pleads guilty to siphoning millions from veterans and cancer patients
A Las Vegas man pleaded guilty Tuesday to a federal criminal charge alleging that he duped people into donating tens…
IRS considers cracking down on $230 billion charitable sector that critics call ‘warehousing of wealth’
Congress and the Biden administration are considering what, if anything, should be done to tighten restrictions on donor-advised funds, an…
Marc Benioff replaces Warren Buffett in private lunch auction for California charity that raised $53 million
The California homeless charity that received $53 million over the years from investors who wanted a private lunch with billionaire…
Netflix’s Reed Hastings didn’t just give a whopping 20% of his net worth to charity with a massive $1.1 billion donation—there’s a major tax consideration
Last week, Netflix co-founder, executive chairman and former CEO Reed Hastings gave about 40% of his company stock—worth about $1.1…
Bill Gates foundation chief takes a shot at donors who give only to elite universities, urging them to follow Chuck Feeney’s example
According to the Gates Foundation, billionaires need to start giving more of their money away: and not just to elite…