Philanthropy

Unveiling the Wealth: The 2024 Richest Families in the World

11 days ago

In the ever-evolving landscape of global wealth, 2024 brings forth the latest insights into the richest families around the globe. As economies fluctuate and industries transform, certain families continue to consolidate their financial power, leaving a mark on various sectors from tech to agriculture.

Rockefeller Endowment Sells Private Credit Funds Amid Market Fluctuations

13 days ago

In a significant shift in investment strategy, the Rockefeller Foundation's endowment is set to divest from several private credit funds, as reported on December 10, 2024. This decision comes on the heels of a rapidly changing economic landscape and reflects a broader reevaluation of asset allocation within the foundation's extensive portfolio.

Billions in Philanthropy: Bezos Earth Fund's Climate Initiatives at COP29

1 month ago

At the recently concluded COP29 climate summit, a significant highlight was the dialogue led by Andrew Steer, the CEO of the Bezos Earth Fund, regarding the fund's ambitious agenda and initiatives to combat climate change. The event was marked by earnest discussions on climate philanthropy and its crucial role in fostering sustainable practices globally.

Casino Magnate Lui Che Woo Passes Away at 95, Leaving a Lasting Legacy in Macau

1 month ago

Lui Che Woo, a titan of the casino industry and the mastermind behind the success of the Galaxy Entertainment Group, has died at the age of 95. Widely recognized as one of the key figures in the transformation of Macau into a global gambling hub, Lui's influence extended far beyond the casino floor, impacting the region's economy and culture.

University of California Achieves Unprecedented $4 Billion in Donations

2 months ago

The University of California (UC) system has reached a remarkable milestone, as it reported a record-breaking $4 billion in donations, according to the Chief Financial Officer (CFO) of the institution. This significant achievement not only showcases the institution’s strong appeal to alumni and supporters but also highlights its vital role in enhancing educational opportunities across its campuses.

New Zealand Considers Opening Social Fund to Philanthropists Amid Economic Challenges

2 months ago

In a transformative move, New Zealand's government is contemplating the introduction of a new social fund aimed at channeling philanthropic donations to support social initiatives. This decision arises in the wake of persistent economic challenges, including rising living costs and increased demands on social services. By potentially engaging philanthropists, the government hopes to bolster its efforts in addressing the pressing socio-economic issues faced by many New Zealanders today.