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Articles on Philanthropy and nonprofits

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Bill Gates and Warren Buffett were two of the year’s biggest three donors. AP Photo/Nati Harnik

Donations by top 50 US donors dropped sharply to $16 billion in 2022 – Bill Gates, Elon Musk, Mike Bloomberg and Warren Buffett lead the list of biggest givers

As giving receded to pre-pandemic levels, most of these gifts were designated for foundations, higher education, hospitals and medical research.
Tech billionaire Dustin Mosovitz is one of the world’s wealthiest effective altruists. Patricia de Melo Moreira/AFP via Getty Images

What’s effective altruism? A philosopher explains

The term, coined in 2011, refers to people who seek to use their money and time to make as much progress as possible toward solving the world’s most pressing problems.
Sam Bankman-Fried, once considered a star in the freewheeling world of cryptocurrency, has been charged with conspiracy, fraud and money laundering. Stefani Reynolds/AFP via Getty Images

FTX’s collapse mirrors an infamous 18th century British financial scandal

In the Charitable Corporation Scandal, a group of politically connected directors leveraged the company’s altruistic image to attract investors – before raiding the funds to prop up other ventures.

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