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THE TRUTH ABOUT: Philanthropy news topic - Caught on Camera

Nike co-founder Phil Knight and wife Penny, worth $25 billion, have donated over $9 billion in two decades. Now they’re giving $1.1 billion for Oregon’s first women’s hospital

Phil Knight, the co-founder of Nike, alongside his wife Penny, has made an extraordinary donation of $1.1 billion to launch Oregon's inaugural hospital focused on women's health. This generous contribution will not only facilitate groundbreaking cardiovascular care but will also advance vital medical research initiatives. The Knights' ongoing dedication to…

The Economic Times

$1.1 billion from Nike co-founder will build Oregon’s first women’s hospital

Phil and Penny Knight have committed $1.1 billion to build Oregon's first hospital dedicated to women's health at Providence St. Vincent Medical Center

The Independent UK

Coinbase CEO Worth $8.5B Doesn't Want His Own Charity Foundation but Would Sponsor His Favourite Video Game

Coinbase CEO Brian Armstrong rejects a charitable foundation, criticises organised philanthropy and backs The Battle of Polytopia's 2026 championship.

International Business Times UK

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John D. Rockefeller’s striking quote on wealth: ‘I know of nothing more despicable and pathetic…’ – One of history’s richest men on chasing money

John D. Rockefeller, known as an industrial pioneer, built a vast fortune through Standard Oil. However, he warned that fixating solely on wealth could lead to a hollow existence. He advocated for utilizing riches as a means to contribute positively to society. In his later years, Rockefeller devoted himself to…

The Economic Times

How diaspora groups in the US are responding to disasters in Nepal, Colombia, Venezuela and other homelands

A string of major disasters in 2026 have had devastating consequences. Earthquakes in Venezuela and Colombia and floods and mudslides in Nepal have killed tens of thousands of people and injured many more. Countless people remain missing and hundreds of thousands of homes are damaged, with some entire neighborhoods destroyed.

The Conversation

Billionaire Coinbase CEO Brian Armstrong says most charities are 'net negative'—and that he has no plans to make his own foundation

The crypto billionaire says he has a donor-advised fund but no plans to start a foundation, joining Elon Musk in casting doubt on traditional giving.

Fortune

MacKenzie Scott has given away $26.4 billion since her divorce from Jeff Bezos, more than any individual worldwide since 2012. Her record-breaking philanthropy is transforming HBCUs across America

MacKenzie Scott has donated $26.4 billion in less than seven years, making her the individual who has donated more money worldwide in a single year than anyone since Forbes began tracking charitable giving in 2012. The billionaire philanthropist has directed hundreds of millions of dollars toward HBCUs, often through unrestricted…

The Economic Times

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His family fled the Soviet Union with 1 ruble to their name. Now billionaire Igor Tulchinsky is backing the biggest European exhibition of 2026

Tulchinsky has donated $6.8 million to the British Museum to support the exhibition which has been described by King Charles as a “remarkable artwork”.

Fortune

Coinbase CEO Brian Armstrong, one of crypto’s richest leaders, has a $9 billion net worth, but he says he won’t create a charity foundation: "I'm not going to do that"

Coinbase CEO Brian Armstrong, one of crypto’s richest leaders, has a massive net worth of $9 billion but he has taken a different approach on philanthrophy. He said in an appearance on the Katie Miller Podcast that he sees much of philanthropy as counterproductive. Brian Armstrong also said charitable institutions…

The Economic Times

Asian family philanthropy is ‘a lot more hands-on’—and more corporate—than the West

Over three-quarters of Asian family philanthropies partner with government, a contrast with Western donors who get 'nervous' about the state.

Fortune

In 1979, Rahul Mehta’s parents sold their gold and silver to fund his first semester in America; decades later, he helped establish eight schools across six IITs

Rahul Mehta, after selling four companies, now invests in India's intellectual capital. His foundation supports academic programs at IITs, focusing on key future fields. Mehta's parents sold their gold to fund his initial US education. He believes time, talent, and treasure are vital for philanthropic impact. This initiative aims to…

The Economic Times

'You Are Everything That Is Wrong With Humanity': Elon Musk Criticised After Backing Brian Armstrong's Philanthropy Claims

Elon Musk faces backlash after agreeing with Coinbase co-founder Brian Armstrong's claim that philanthropy is a net negative, sparking debate over the societal role of charitable foundations.

International Business Times UK

In 2020, Salesforce founder Marc Benioff backed a global effort to conserve and restore 1 trillion trees, later expanding his climate giving to $300 million

In 2021, Marc and Lynne Benioff took significant action towards environmental sustainability by launching a monumental $100 million Benioff TIME Tree Fund aimed at supporting reforestation initiatives. This impactful project not only aids indigenous and community-managed forest programs but also extends to ocean conservation efforts and advancements in climate technology.…

The Times of India

Before giving away billions, MacKenzie Scott started an anti-bullying organisation; her lesser-known philanthropy cause she backed for years

MacKenzie Scott is widely known for the extraordinary pace at which she has given away her fortune, often handing large grants to organisations with few restrictions on how the money should be spent. But years before her name became closely associated with billionaire philanthropy, she was backing a much smaller…

The Times of India

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The Times of India

In 2005, Gateway co-founder Ted Waitt left the computer business and turned his fortune toward the oceans; his foundation has invested $70 million in marine conservation

In 2005, Ted Waitt made a decisive shift away from the computer industry that had made him wealthy and towards a very different frontier of the world’s oceans. The co-founder of Gateway had spent years building one of America’s most recognisable personal computer companies, but after retiring from the business,…

The Economic Times

Melinda French Gates’ NASA connection: How her aerospace engineer father, Apollo missions and women in STEM shaped her journey in tech and philanthropy

Melinda French Gates’ childhood was shaped by her father Raymond Joseph French Jr.’s aerospace career during the NASA Apollo era. Her father, Raymond Joseph French Jr., was an aerospace engineer whose career included work connected to NASA's Apollo programme. From watching Apollo launches to meeting women engineers and mathematicians at…

The Times of India

Before becoming a major philanthropist, Laurene Powell Jobs spent three years trading fixed-income securities on Wall Street

Before Laurene Powell Jobs became known for philanthropy, education, climate initiatives and media ownership, her professional life began on Wall Street. After studying at the University of Pennsylvania and the Wharton School, she joined Goldman Sachs, where she spent three years working in fixed-income trading strategy under Jon Corzine. It…

Fortune

An 87-year-old American billionaire bought the first Ferrari Luce for $40 million, and the purchase could save him $13 million in taxes

Dr. Herbert A. Wertheim, an optometrist and philanthropist with a $4.8 billion net worth, bought the EV earlier this month. It had a presale estimated cost of $1.1 million.

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Fortune

There are a record 3,795 billionaires in the world right now—and just like Jeff Bezos, their favorite investments are sports and philanthropy

Billionaires from Microsoft CEO Steve Ballmer to businessman Robert Kraft are spending their fortunes buying sports teams and funding charitable causes.

International Business Times UK

'She Will Never Be Dolly': Taylor Swift's Dolly Parton Tribute Sparks Wealth Backlash Despite $2M Donation to Her Charity

Taylor Swift's tribute to Dolly Parton has sparked online debate about Swift's philanthropy compared to Parton's legacy, despite Swift's $2 million donation to Parton's Imagination Library.

The Economic Times

Jeff Bezos remembers Dolly Parton in Instagram post, but why inconic singer's fans are criticising Amazon founder and his wife Lauren Sánchez Bezos

Jeff Bezos Dolly Parton Instagram Post: Jeff Bezos paid tribute to Dolly Parton after the country music icon’s death, recalling her generosity and saying he and wife Lauren Sánchez Bezos were grateful to have known her. However, the Amazon founder’s Instagram post drew criticism from some users, who argued that…

The Economic Times

“My father could not read and write”: How Dolly Parton’s father inspired her global literacy mission that has sent 270 million books to kids across US, UK, Canada

Dolly Parton’s lifelong philanthropy was deeply inspired by her father, who could not read or write. Her personal mission evolved into the Imagination Library, which now operates in thousands of communities across the US, UK, Canada, Ireland and Australia, giving millions of children access to free books.

The Independent UK

Dolly Parton's philanthropy was based on 'her belief in the goodness of people'

Dolly Parton's death is shining a new light on the country music icon's philanthropy

The Guardian - AU

‘I just give from my heart’: how Dolly Parton’s philanthropy focused most on helping children

Parton put her millions behind causes she believed in – from Covid vaccines to the Imagination Library, which sends children around the world a free book every month

The Economic Times

After Jeff Bezos’ ex-wife MacKenzie Scott philanthropy, JPMorgan Chase’s Jamie Dimon and wife Judith donate $12 million to 12 HBCUs: Full list

Jamie Dimon and wife Judith donating $12 million to historically Black colleges and universities: Jamie Dimon and his wife Judith are donating $12 million to 12 historically Black colleges and universities through their foundation, creating a permanent fund aimed at expanding economic opportunities for students.

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