What Exactly Is a Philanthropic LLC? Here Are Five Types, Ranked By Transparency

What Exactly Is a Philanthropic LLC? Here Are Five Types, Ranked By Transparency

The “philanthropic LLC” — not a legal category, by the way — has swiftly gained popularity among billionaire donors who want to keep their options open. Levels of transparency vary widely. Here’s a rundown.

Read More

An Audacious Effort to Transform the Foster Care System Gets a Big Funding Boost

An Audacious Effort to Transform the Foster Care System Gets a Big Funding Boost

Think of Us has a bold mission: to transform the foster care system from the ground up. The organization’s approach, which elevates those with lived experience, landed a major haul from The Audacious Project and others.

Read More

A Wave of Turnover at Laurene Powell Jobs’ Climate Fund, as Four Strategy Staff Depart

A Wave of Turnover at Laurene Powell Jobs’ Climate Fund, as Four Strategy Staff Depart

The Waverley Street Foundation burst onto the climate funding scene in 2021, building a new team to move $3.5 billion to the cause. In recent months, four members out of a staff of about a dozen either left or were let go.

Read More

Can Philanthropy Give Underdog Cities a Leg Up as They Compete for Federal Funding?

Can Philanthropy Give Underdog Cities a Leg Up as They Compete for Federal Funding?

A collaboration backed by Bloomberg, Ford and more will help smaller cities access more than $1 trillion in federal infrastructure funding. It’s one way philanthropy can magnify its impact by influencing where public money goes.

Read More

Who’s Backing a Campaign to Bring the Internet to Millions of U.S. Households That Still Lack Access?

Who’s Backing a Campaign to Bring the Internet to Millions of U.S. Households That Still Lack Access?

With philanthropic backing, EducationSuperHighway helped get the majority of U.S. classrooms online. Now, it’s working to close the wider broadband gap, with funding from Laurene Powell Jobs, Ken Griffin and others.

Read More

Having a Hard Time Keeping Up with All the Recent Climate Pledges? Here’s a List

Having a Hard Time Keeping Up with All the Recent Climate Pledges? Here’s a List

The recent U.N. climate change summit and the U.N. General Assembly before that prompted quite a few billionaires and foundations to announce new philanthropic commitments. We’ve collected the most notable ones here.

Read More

Another Multibillion-Dollar Climate Pledge, and More Questions Than Answers

Another Multibillion-Dollar Climate Pledge, and More Questions Than Answers

In the latest billionaire climate commitment, Laurene Powell Jobs will give $3.5 billion over the next decade to respond to the global emergency. Find out what we know—and what we don’t.

Read More

“Patient Capital” Has its Limits: Another Outlet Folds After its Main Funder Cuts Off Support

“Patient Capital” Has its Limits: Another Outlet Folds After its Main Funder Cuts Off Support

California Sunday Magazine recently shut down after its primary funder, Laurene Powell Jobs’ Emerson Collective, cut its support. It’s a reminder that billionaire patrons’ commitment to civic good isn’t immune to concerns of profitability.

Read More

Fast Money: How a Coronavirus Research Funder Moved Millions in a Matter of Days

Fast Money: How a Coronavirus Research Funder Moved Millions in a Matter of Days

Fast Grants, a new coronavirus research grantmaking program backed by tech industry wealth, responded to applications in just 48 hours, rather than months. We asked Tyler Cowen, the economist behind it, how it all came together.

Read More

Alarms Are Sounding on Food Insecurity in the U.S. Who’s Answering the Call?

Alarms Are Sounding on Food Insecurity in the U.S. Who’s Answering the Call?

Millions of Americans faced food insecurity even before the pandemic hit. Now, with schools out and unemployment rising, the situation is growing dire for many. How are foundations, corporations and individual donors stepping up?

Read More

Behind a New Green Alliance is a Trio of Powerful—and Deeply Alarmed—Donors

Behind a New Green Alliance is a Trio of Powerful—and Deeply Alarmed—Donors

The founding of the Earth Alliance by Leonardo DiCaprio, Laurene Powell Jobs, and Brian Sheth reflects a mounting sense of urgency about ecological threats. It also shows how big new money is flowing to environmental causes.

Read More