For all the talk of a golden age of philanthropy, the rich are piling up new wealth much faster than they’re giving it away. Most give mere crumbs compared to their net worth. The Bridgespan Group is looking to change that.
Private equity star Jean-Pierre Conte is the son of immigrants from France and Cuba. We talk with him about what motivates his growing giving, including support for first generation college students.
Donald Trump may be a billionaire, but no recent president has inspired fiercer opposition within the far upper class. Many top philanthropists are among those who’ve given record sums in the most expensive mid-term election in U.S. history.
Wells Fargo is the latest bank to make a big bet on urban community development, with a focus on Washington, D.C. The move comes amid multiple scandals around the bank, which badly needs some good publicity.
We take a look at the Finnegan Family Foundation, created by Paul and Mary Finnegan, to get a better sense of how this locally focused funder operates in Chicago.
Marc J. Leder went to Penn on student loans, and hasn’t forgotten the school that gave him his start. We talk with Leder about his recent seven-figure gifts to his alma mater and his philanthropic mission overall.
Since its launch in 2016, Blue Meridian Partners has emerged as a powerhouse vehicle for new giving by some of America’s wealthiest philanthropists. Now the collaborative created by the Edna McConnell Clark Foundation is becoming an independent nonprofit.
At one level, Winners Take All is a very satisfying read, skewering today’s elite for its hypocrisies. But it offers an incomplete and distorted look at America’s wealthy class and its role in social change.
After more than a decade of epic giving, Buffett is much richer than when he started. We check in on one of the most fascinating stories of big philanthropy.
Citing pervasive cost overruns and a shift toward more socially equitable giving, some donors have shied away from funding ambitious capital projects. Kenneth C. Griffin, however, isn't one of them.
We've written about the exploding philanthropy of the billionaire cofounder of Vista Equity Partners, Robert Smith. The other founder, Brian Sheth, is also on the move with his giving.
For years now, there's been rising controversy about super-wealthy donors intruding too far into public spaces or imposing too many demands on institutions. Apparently, Stephen Schwarzman hasn’t been paying attention.
With a net worth over $4 billion, private equity billionaire Robert F. Smith has stepped up his giving dramatically in recent years, placing him in the top tier of America's mega-givers. Where's the money going?
The giant bank has become a surprising leader in philanthropy's push for inclusive economic growth. We take a deep dive into the backstory—and what JPMorgan brings to the table that's new.
A growing number of funders want to ensure that children can read by third grade. We explore how a major donor in New York came to this cause and got behind a nonprofit helping teachers do better at teaching reading.
New York finance veteran Stephen Lieber and his family have been supporting mental illness research for decades. We recently spoke with Lieber to unpack a deeply personal story of effective giving.
While wealthy K-12 donors have often been accused of parachuting into complex education landscapes with preconceived reform ideas, the wife of a top hedge fund billionaire has worked very differently.
Towerbrook Capital Partners Cofounders Neal Moszkowski and Ramez Sousou move philanthropy through the Towerbrook Foundation, which focuses on areas like education and the arts. Here's a rundown.
Pledging to give away a $2.5 billion fortune in his lifetime, the credit card mogul is keeping up a steady pace of eight- and nine-figure gifts. We talk with him about where his latest $100 million donation is going.
His foundation gave away $700 million last year. But in a post-truth age of tribal politics, is Bloomberg’s pragmatic and data-driven approach to giving a losing strategy?
Canadian brothers Tim and Brett Barakett have both enjoyed huge success on Wall Street, and both engage in philanthropy with their spouses. Where are their gifts going?
Hedge funder Ken Griffin has teamed up with Chicago Mayor Rahm Emanuel to back next-gen data analysis to improve policing. It's yet another example of philanthropy supporting innovative civic projects.
Financier Chris Flowers and his wife Anne have zeroed in on challenges far away in southern Africa and close to home in Harlem. What's the connection? And how does the J.C. Flowers Foundation operate?
As a mega-donor, Peterson—who died yesterday—made all the right moves: staying laser-focused on just a few causes and investing in high-leverage public policy work. But the results were decidedly mixed.
Financiers can amass major collections of art and become major art philanthropists. We explore the case of private equity veteran Carl Thoma and his wife Marilynn's Thoma Art Foundation.
What does it look like when a big-city cultural institution and a donor stay in sync for decades? The relationship between Henry and Elaine Kaufman and the Kaufman Music Center serves as a good case study.
With a net worth of $2.8 billion, Carlyle Group co-founder Daniel D’Aniello has been expanding his philanthropy. His most recent gift zeroes in on a hot area of higher ed giving: helping veterans.
In giving $25 million to the public high school he attended, a billionaire has urged other schools to hit up their wealthy alumni for support, too. Is this a viable way to bolster support for traditional K-12 systems?
South Dakota businessman and philanthropist T. Denny Sanford, 82, has long said he aims to dispose of his fortune in his lifetime. His most recent flurry of giving suggests he is very much a man of his word.
Len Blavatnik’s been making headlines, both for his philanthropy and his political connections. He continues to be a donor to watch, with an expanding suite of science research prizes and grants.
John Griffin, a Robin Hood board member, and his wife Amy fight poverty in New York City. But that's not all the couple is into. We dig in.