Tech and finance winner Mark Gorton might be best known for launching Limewire. But for some two decades, he’s devoted his time and money to advocating for transportation alternatives in New York City and a “better way to live.”
In the past few years, some of America’s richest mega-givers have backed new work targeting poverty. Who’s giving? What approaches are receiving support? And will these donors eventually take a more systemic approach to fixing an unequal economy?
This week’s New York Times article reporting that the Michael Steinhardt sexually harassed six different young women has been a focus of conversation across the Jewish nonprofit world. What are people saying? And how will the scandal affect Steinhardt’s giving and his grantees?
John Overdeck parlayed degrees in math and statistics into a multi-billion dollar fortune. Now, he and his wife Laura are emerging as major philanthropists, with a big focus on education. Here’s a look inside their rapidly growing foundation.
Backstopped by a large finance fortune, the Booths have become important donors to watch in the state, especially for the arts. We take a look at which organizations have been winning support from the couple.
Former Washington Mutual CFO and vice chair Bill Longbrake steers a family foundation which focuses on affordable housing, education, and faith-based work. Beyond just giving grants, he’s been closely involved in helping nonprofits scale.
Intent on "dying broke," T. Denny Sanford is keeping the big gifts flowing. His recent $55 million commitment adheres to three key themes of his philanthropy: providing support for children, building up South Dakota organizations, and writing massive checks.
A major donation to UT Austin’s business school provides an illuminating look into how donors hailing from the world of finance perceive ideas like “value” and “impact,” concepts which aren’t nearly as clear cut to these givers as you might think.
The late Albert Gordon was among the most powerful people in finance. But he also stressed the importance of philanthropy to his sons, including Dan Gordon, who now pilots one of the family foundations, with a focus on grantmaking in Philadelphia.
The hedge fund billionaire is one of the biggest philanthropists to emerge from finance in recent years, with wide-ranging interests and money flowing to various causes. What is Griffin, who’s only 50, trying to achieve with his giving?
Richard and Susan Braddock back a wide array of causes, including business education. Braddock funds and participates in a program that mentors promising entrepreneurs, illustrating one way Wall Street donors can directly engage with grantees.
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.
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.