Philanthropy

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.

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.

Economy

Pandemic puts 1 in 3 nonprofits in financial jeopardy

More than one-third of U.S. nonprofits are in jeopardy of closing within two years because of the financial harm inflicted by the viral pandemic, according to a study being released Wednesday by the philanthropy research group Candid and the Center for Disaster Philanthropy.

Politics

Bernie Sanders’ mittens, memes raise $1.8M for charity

About those wooly mittens that U.S. Sen. Bernie Sanders wore to the presidential inauguration, sparking endless quirky memes across social media? They’ve helped to raise $1.8 million in the last five days for charitable organizations in Sanders’ home state of Vermont.