The billionaire has needled government agencies, armed with potential influence over their budgets. But some of these organizations are also looking into his interests.
Category: Philanthropy
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Musk’s Foundation Gave Away Less Money Than Required in 2023
Private foundations must donate 5 percent of their assets every year. Elon Musk’s enormous charity missed that standard for three consecutive years.
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Fund-Raiser Who Pocketed Money Meant for Sick Kids and Vets Gets 10 Years in Prison
Richard Zeitlin, a telemarketing kingpin who kept 80 percent of the donations raised for charities, pleaded guilty to fraud in September.
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Scott Bessent, Trump’s Pick for Treasury Secretary Doesn’t Fit the President-Elect’s Loyalist Mold
President-elect Donald J. Trump’s pick for Treasury secretary doesn’t fit his loyalist mold.
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What if Charity Shouldn’t Be Optimized?
The recent trend in philanthropy has been to look for the most bang for your buck. Maybe you don’t have to.
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Vardis Vardinoyannis, Greek Tycoon With Ties to the Kennedys, Dies at 90
He built his family’s oil-refining operation into one of the largest companies in the country, and then used his wealth to benefit charitable causes.
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Joseph H. Reich, Charter School Pioneer, Dies at 89
When he and his wife opened the Beginning With Children school in Brooklyn to offer more educational opportunities to children, they set off a national trend.