Personal Finance

Lifestyle

MacKenzie Scott, citing wealth gap, donates $2.7 billion

MacKenzie Scott, the billionaire philanthropist known for her unexpected multi-billion dollar donations to charities and racial equity causes, announced Tuesday that she has given $2.7 billion to 286 organizations. It is the third round of no-strings-attached, major philanthropic gifts Scott has made, which together rival the charitable contributions made by the largest foundations.

Personal Finance

US charitable giving hit record $471B in 2020

Galvanized by the racial justice protests and the coronavirus pandemic, charitable giving in the United States reached a record $471 billion in 2020, according to a report released Tuesday that offers a comprehensive look at American philanthropy.

Money

Refinancing a jumbo loan: What to know

Refinancing a jumbo loan could potentially mean big savings. While similar to a typical mortgage refinance, you can expect stricter requirements. Here’s what you need to know.