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Philanthropy - a

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Mega-Donors Freed From Gift Tax They Never Paid

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The U.S. House voted this week to keep the Internal Revenue Service from hitting the nation’s wealthiest mega-donors with gift taxes for their political contributions.

Keys To A Methodical Giving Plan

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Clients should proceed methodically when giving to charity, and advisors need to ensure they consider all options, says a Wilmington Trust Advisor.

Getty Heir Died Of Natural Or Accidental Cause, Coroner Says

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Andrew Getty, a 47-year-old heir to the Getty oil fortune, appears to have died of natural or accidental causes, not foul play, according to a Los Angeles County coroner’s spokesman.

L.A. Police Investigate Death Of Getty Empire Heir

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Los Angeles homicide detectives are investigating the death of Andrew Getty, a 47-year-old heir to the Getty oil fortune, at his Hollywood Hills home on Tuesday.

Howard Buffett Funds Helicopter For South Africa Poaching Patrol

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Howard Buffett, a son of the second-richest man in the U.S...

Hedge Fund Manager Ackman Makes $10 Million Charity Donation

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William Ackerman is donating $10 million to a scholarship charity after posting a 40 percent gain in 2014.

‘Tax Extenders’ Bill Maintains Charitable Donations Tax Break On IRAs

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President Obama has signed legislation extending a broad range of expired tax breaks for businesses and individuals through the end of 2014.

Holidays Bring Good Tithings To U.S. Charities Favored By Elites

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Groups connected to higher education, medical research and cultural institutions are flush, but charities that rely on smaller individual gifts are lagging behind.

The 10 Largest Charitable Donations Of 2014

by PW Staff

U.S. philanthropists took eight of the top 10 spots in a list of the 10 largest single charitable donations of 2014.

U.S. Squash Hires National Coach With $2 Million

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The largest donation in the 110-year history of the national organization coincides with a new opportunity for the sport’s inclusion in the 2020 Summer Olympics.

Richest Russian Buys U.S. Biologist’s Nobel Medal, Plans To Return It

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Russia’s richest maN bought the Nobel Prize medal of American biologist James Watson at a Christie’s auction and plans to return it.

Harvard University Deserves Ballmer's Millions

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Former Microsoft CEO Steve Ballmer's gift to Harvard to expand its computer science program has prompted unfair grousing about the money's wastefulness.

Harvard Budget Swings To Surplus As Giving Grows To $1.2 Billion

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Harvard University finished the fiscal year in June with a $2.7 million surplus, driven by an increase in gifts and distributions from its endowment, the largest in higher education.

Charity In Disaster’s Wake

by Thomas M. Kostigen

Disaster relief groups say donations often dry up well before their work is done.

Billionaire’s Wife Who Endured ’Hell’ Funds Kids’ Burn Center

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Vivian Pellas says going through years of skin grafts and surgery gave her a mission in life: she started a children's burn center in Nicaragua.

Einhorn Gift Of $50 Million To Fund Cornell Program

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Cornell University has unveiled a $150 million community engagement initiative that will be funded in part by a $50 million gift from a trust established by hedge fund manager David Einhorn.

Rich Philanthropists Give $25M On Average, Study Says

by PW Staff

The typical ultra-wealthy philanthropist donates $25 million, is 64 years old and an average net worth of $240 million, according to a new study

Billionaire Agarwal To Donate Most Of Wealth After Meeting Gates

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Anil Agarwal, the billionaire founder of Vedanta Resources Plc, said he and his family decided to donate 75 percent of their wealth to charity after meeting Bill Gates, the world’s richest person.

Foundations Flex Lobbying Muscle

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Some charitable organizations are finding that a c4 organization is an ideal vehicle for leveraging their social impact.

Buffett Gives Record $2.1 Billion To Gates Foundation

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Warren Buffett, the second-richest person in the U.S., made his largest single charitable contribution ever when he donated $2.1 billion to the Bill and Melinda Gates Foundation.

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