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Search resuls for: "Indiana University Lilly"


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While donations to charity have been rising, the pool of donors is shrinking, as philanthropy becomes hyper-concentrated among a small group of ultra-wealthy mega-donors, according to a new study. While women make up11% of the ultra-high-net-worth population, they account for 22% of the larger givers, according to the study. Today’s ultra-wealthy donors also prefer to give through private foundations and donor-advised funds — which give them more control — rather than simply writing checks to the Red Cross or United Way. The top charitable cause for ultra-wealthy donors was education (at 54%), according to Altrata. "There is some evidence that the ultra-high-net-worth population has different skews from the broader population," Pasic said.
Persons: Melinda Gates, Robert Frank, Mark Suzman, Amir Pasic, Indiana University Lilly, , , Altrata, Pasic Organizations: Gates Foundation, Indiana University, Indiana University Lilly Family School of Philanthropy, Cross, Federal Reserve Locations: Khayelitsha, Cape Town , South Africa, Altrata, North
Musk’s haphazard philanthropy is under scrutiny
  + stars: | 2024-03-12 | by ( Allison Morrow | ) edition.cnn.com   time to read: +2 min
As CEO of Tesla, “I’ve done more for the environment than any single human on Earth,” he told the New York Times last year. But American tax law dangles some significant incentives for them to do so. Musk likely managed to shave a couple billion off his $11 billion tax bill in 2021, thanks to the $5.7 billion he donated to the Musk Foundation, according to the Times. In Musk’s case, according to the Times, that meant giving millions of dollars to Cameron County, Texas. “The way I see Elon Musk is that he’s really pushing the limits of the alternative approaches to philanthropy,” Pasic said.
Persons: CNN Business ’, New York CNN — Elon Musk, Tesla, , MacKenzie Scott, Jeff Bezos, , , ’ ” Musk, Musk, ” Amir Pasic, Indiana University Lilly, Elon, ” Pasic Organizations: CNN Business, New York CNN, New York Times, Musk, Times, Indiana University, Indiana University Lilly Family School of Philanthropy, SpaceX Locations: New York, Cameron County , Texas
NEW YORK (AP) — GoFundMe crowdfunding campaigns have generated $30 billion since 2010, the fundraising platform announced Tuesday, as younger generations look beyond institutions to make their donations. GoFundMe, a privately held, for-profit company, has annually released the total amount raised on its crowdfunding platform since its founding, but hasn't published a breakdown of funds raised in an individual year. Part of that growth includes GoFundMe's acquisition of Classy in 2022, which is an online platform that facilitates giving to nonprofit organizations. It's not yet clear how much giving through a crowdfunding campaign has supplanted giving to nonprofit organizations, Soskis said, in part because data about crowdfunding is less public. Other platforms also facilitate online crowdfunding, besides GoFundMe.
Persons: GoFundMe, Tim Cadogan, GoFundMe's, Gen, Indiana University Lilly, , we’ve, ” Cadogan, hasn't, Cadogan, “ That’s, Damar, ’ ”, Margaret Richardson, Hamlin, , Benjamin Soskis, It's, Soskis, ” Soskis, it's, Meta, Organizations: Indiana University, Indiana University Lilly Family School of Philanthropy, Associated Press, Buffalo Bills, Corporate, Hamlin, M’s, Urban Institute, Nonprofit, IRS, Facebook, Associated, Lilly Endowment Inc, AP Locations: U.S, Uvalde , Texas, ecommerce, GoFundMe
NEW YORK (AP) — Charlize Theron remembers the moment her role in philanthropy clicked into place. “We heard them say, ‘We know what to do, but we just need the resources to do it,’” Theron said Thursday at the Town & Country Philanthropy Summit in Manhattan. It's a strategy that resonated throughout the Town & Country Philanthropy Summit, which celebrated its 10th anniversary Thursday. “Philanthropy, for me, comes down to a very simple question: ‘What can I do?’,” said Stellene Volandes, Town & Country's editor in chief. The reason declines are not more severe is because wealthier Americans, like those who read Town & Country magazine.
Persons: — Charlize Theron, , ’ ” Theron, Theron, ” Theron, , Stellene, Volandes, ” “, Who’s, aren’t, Arnold Schwarzenegger, “ I'm, Darren Walker, Martin Luther King Jr, ” Walker, Una Osili, Indiana University Lilly, ” Osili, “ It's Organizations: Country, Outreach Project, Associated Press, Country Philanthropy Summit, Philanthropy Summit, Former California Gov, Republican, ” Ford, of America, Philanthropy, Research, Indiana University, Indiana University Lilly Family School of Philanthropy, Outreach, Lilly Endowment Inc, AP Locations: South Africa, Manhattan, Town
Those findings come from a study released last week by Hispanics in Philanthropy, an organization that works to advance Latino giving, and the Indiana University Lilly Family School of Philanthropy. How long immigrants lived in the United States also affected giving rates: Long-established immigrants largely gave at higher rates, especially to religious congregations, than recent immigrants. The importance of relationshipsAna Gloria Rivas-Vázquez, who directs Hispanic giving at Catholic Relief Services, says that while all fundraising is about building relations, it’s particularly important for Latino donors. Though there are commonalities among Latino donors, nonprofit professionals stress U.S. Latinos are highly varied in culture, politics, education, and income. “There was a time when people thought that engaging Latino donors meant: OK, we need to do this in Spanish,” Rivas-Vázquez says.
Persons: Indiana University Lilly, Una Osili, , Osili, Lilly, Gigi Pedraza, , Armando Zumaya, Somos El, aren’t, Ana Gloria Rivas, Vázquez, ” Rivas, Ana Marie Argilagos, ” Argilagos, Zumaya, it’s, Kay Dervishi Organizations: Indiana University, Indiana University Lilly Family School of Philanthropy, Lilly School, Bank of America, Latino Community Fund, Catholic Relief Services, Associated Press, AP Locations: United States, Georgia, Somos El Poder
New York CNN —Americans got less generous in 2022, as soaring inflation and the slumping stock market took a significant toll on charitable giving. When adjusted for inflation, giving in 2022 fell 10.5%. Notably, the S&P 500 plummeted toward the end of the year, when a large share of charitable giving takes place. Generous giving early in the pandemicLast year’s drop in donations comes after two very strong years of charitable giving. In 2022, individuals, who provide the largest share of giving, curtailed their donations even before adjusting for inflation.
Persons: Indiana University Lilly, , Amir Pasic Organizations: New, New York CNN, USA, Indiana University, Indiana University Lilly Family School of Philanthropy Locations: New York, Ukraine
Dozens of transgender people in Florida are using crowdfunding to help them flee the state. In addition to banning gender-affirming care for transgender minors, the law places new restrictions on adults seeking treatment. Chelf began making plans to leave the state after Florida legislation caused her to lose access to gender affirming care. A marked increase in fundraisers to help trans people leave FloridaPeople have given more than $200,000 since January to fundraisers on GoFundMe started by trans people seeking to leave Florida, according to data from the platform. Sage Chelf shows her GoFundMe campaign to move out of Florida in Orlando, Fla., May 27, 2023.
Persons: , Sage Chelf, Chelf, Laura Bargfeld, I'm, GoFundMe, Jalen Drummond, Ron DeSantis, Laura Bargfeld That's, Una Osili, Indiana University Lilly, Elise Colomer, it's, Jasmine Beach Organizations: Service, AP, Williams Institute, University of California, Los Angeles School of Law, Indiana University, Indiana University Lilly Family School of Philanthropy, Southern Equality Locations: Florida, GoFundMe . Florida, Fla, Orlando, Orlando Fla, Chelf, Cheadle, Illinois, Ferrara
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