A lot of people talk about changing the world. But Amazon’s billionaire founder, Jeff Bezos, gave Eva Longoria $50 million to actually do it. And two years on, she says the biggest myth still surrounding philanthropy is that you have to be rich to do it. “One of the biggest misconceptions about philanthropy is that impact
The U.S. has one of the highest maternal mortality rates among wealthy nations, research shows, so heirs of the multibillion Walmart fortune are working to drastically lower it. On Thursday, Healthy Moms, Healthy Babies America (HMHBA) announced an initial $100 million, five-year commitment from Olivia and Tom Walton to accelerate efforts to cut maternal deaths
We’ve all experienced that semi-awkward moment of being approached on the street and asked to make a donation to a cause we’ve probably never heard of. Either because we feel inclined to donate to avoid guilt or because we genuinely feel compelled to contribute, we’ll throw a few bucks in the pot. But the problem
Some people may go back and volunteer at the hospital where they were born, or even fewer may go on to become a health care professional there. But it’s extremely unique to make a multimillion-dollar donation there. That’s what political powerbroker George Norcross was able to recently do, though. Norcross, who is considered one of
Steve and Connie Ballmer have given away more than $8 billion during the past two decades, and founded the Ballmer Group in 2015. Now they’re changing who gets to decide where the next donations go. The couple’s economic-mobility philanthropy, Ballmer Group, is spinning its three regional offices into separate, independent nonprofits for their regional grantmaking.
In 2020, Jeff Bezos made what remains the largest individual philanthropic commitment to climate and nature ever: $10 billion, to be fully disbursed by 2030 through the Bezos Earth Fund. But five years in, the fund has deployed roughly $2.4 billion of that commitment, leaving about $7 billion to go out the door before the
