“The problem of our age is the proper administration of wealth,” wrote Andrew Carnegie in 1889. More than a century later, the citizens of supposedly Communist China could hardly disagree. Carnegie, one of the wealthiest men of America’s Gilded Age, soon set about giving his money away, and on April 24th Jack Ma, one of [...]
The number of billionaires in Asia surpassed the number of billionaires in North America this past year. Yet, for Asia’s emerging rich, philanthropy is still an idea that is building traction in the region and being reformatted to fit local needs. At the Milken Institute Global Conference in Beverly Hills, a panel discussed how Asia [...]
UCLA issued the following public statement concerning a recent $3 million pledge to the university by Los Angeles Clippers owner Donald Sterling, who today was banned for life from the NBA following racist statements he made on audio recordings. Mr. Sterling’s divisive and hurtful comments demonstrate that he does not share UCLA’s core values as [...]
Robert Gallucci, president of the John D. and Catherine T. MacArthur Foundation, is on his way out, the board announced today in a statement saying the organization will “look for a new kind of leadership.” Mr. Gallucci will step down from the foundation, one of the nation’s largest grant makers, at the end of his [...]
Spouses and family members often have significant levels of influence in a prospect’s decision to make a significant gift. Prospective donors are also influenced by representatives from our organizations, and in the healthcare setting, no one has more influence than the medical and nursing staff. Bentz Whaley Flessner’s own research found that across all hospital types, it is this group that has the most influence on affluent donors’ giving decisions.
The University of the Virgin Islands has received a $30 million gift to establish a territory-wide medical school. New Generation Power and its chairman, Chirinjeev Kathuria, will make a $30 million gift commitment to UVI that will serve as a major part of the foundation funding for the medical school, the university announced Friday. Kathuria’s [...]
Nonprofits, especially the largest ones, are missing out on donations from women and hurting their missions by not putting more females in board and leadership jobs, according to a new poll of nearly 650 women who work at nonprofits. Many women have ambition to get to the top: Fifty-seven percent of those who were not [...]
Bill Gates has urged China’s extraordinarily wealthy business elite to shed its aversion to philanthropy and donate to the poor, a potent message in one of the world’s most economically divided societies. “Only when we help poor people break away from destitution and illness can the whole world achieve sustainable development,” Gates wrote in the People’s Daily, a mouthpiece [...]