Dec. 9, 2010 at 8:29 a.m.
Filed under:
By Reuters
Joe and Rika Mansueto at their home in Chicago on May 9, 2008. (Handout)
Another 17 U.S. billionaires, including Facebook co-founders Mark Zuckerberg and Dustin Moskovitz as well as Morningstar’s Joe Mansueto, have pledged to give away at least half their fortunes in a philanthropic campaign led by Warren Buffett and Bill Gates.
A total of 57 billionaires now have joined The Giving Pledge, which was launched by Microsoft founder Gates and investor Buffett in June. The campaign announced the new pledges in a statement late Wednesday.
Gates, his wife Melinda, and Buffett have asked U.S. billionaires to give away at least half their wealth during their lifetime or after their death, and to publicly state their intention with a letter explaining their decision. Get the full story »
Nov. 29, 2010 at 11:09 a.m.
Filed under:
Economy,
Investing
By Kathy Bergen
The sour economy’s dampening effect on philanthropy may be lessening, according to a survey of 2,300 public charities and 160 private foundations released today.
Thirty-seven percent of the organizations reported decreased contributions in the first nine months of 2010, compared with 51 percent who reported declines in the first three quarters of 2009.
And 36 percent reported increased donations, up from 23 percent in the same period last year. Get the full story »
Nov. 9, 2010 at 7:41 a.m.
Filed under:
Associations/Clubs,
Economy
By Reuters
Charitable giving by wealthy Americans dropped by more than a third between 2007 and 2009 as the worst U.S. recession in decades put pressure on the nonprofit sector, according to a study released Tuesday. Get the full story »
