Category: Philanthropy

At Robin Hood Gala, Wall Street’s Heavy Hitters Come Out

Robin Hood, an antipoverty organization in New York City, threw a “Matrix”-inspired gala that raised more than $68.5 million for the charity.
Melinda French Gates to Resign From Gates Foundation

The Bill and Melinda Gates Foundation is recognized as one of the most powerful organizations in global philanthropy, in fields like global health and early-childhood education.
Billionaire Donor Barry Sternlicht Assails Brown’s Deal With Protesters

Real estate mogul Barry Sternlicht’s scathing criticism of his alma mater is the most immediate blowback against the school’s deal to end protests on campus.
Binance Founder Should Get Three Years in Prison, Prosecutors Say

Defense lawyers for Changpeng Zhao, the founder of the crypto exchange Binance, countered that he should receive no prison time.
Paying Off People’s Medical Debt Has Little Impact on Their Lives, Study Finds

A nonprofit group called R.I.P. Medical Debt has relieved Americans of $11 billion in hospital bills. But that did not improve their mental health or their credit scores, a study found.
Only Watch, a Charity Auction, Is Rescheduled for May

A social media controversy over the financial transparency of the Monaco association that organizes the event had prompted its cancellation last fall.
Tips on How to Burst Out of Travel’s Luxury Cocoon

To meet local people on your next vacation, try renting a bike or finding a sporting event. Maybe even throw a party.
Esther Coopersmith, Washington Hostess and Diplomat, Dies at 94

A place at her dinner tables, which sat 75, provided access to networks of money, influence and power across cultural and political divides.
How Many Easters Remain for This Century-Old Boys’ Choir School?

St. Thomas Church in New York is considering closing its renowned boarding school for choristers, one of only a few in the world, because of financial woes.
Stephen Adams, Who Made Yale Music School Tuition-Free, Dies at 86

A billionaire businessman and a late-blooming piano aficionado, he set a record with the anonymous $100 million gift that he and his wife gave the school.
Elon Musk Has a Giant Charity. Its Money Stays Close to Home.

After making billions in tax-deductible donations to his philanthropy, the owner of Tesla and SpaceX gave away far less than required in some years — and what he did give often supported his own interests.
San Francisco Art Institute Campus, With Rivera Mural, Sold

The sale includes a 1931 Diego Rivera mural, which has been valued at $50 million.