Foundations

U.S. Rep. Corrine Brown of Florida and her chief of staff have been charged with multiple counts of fraud and other federal offenses in a grand jury indictment unsealed Friday after a federal investigation into a fraudulent charity with ties to the congresswoman. Brown, a 69-year-old Democrat, appeared Friday in Jacksonville federal court on charges…

In 2009, to celebrate the opening of a new headquarters in Hangzhou, China, Alibaba Group held a swimming race across the city’s Qiantang River. But as employees came ashore, they carried with them plastic bags and other garbage they’d picked up along the way. Shocked by the state of the river, a source of water…

FBI Director James Comey refused to say Thursday whether the bureau investigated the Clinton Foundation as part of its probe into Hillary Clinton’s handling of classified information as secretary of state. “Did you look at the Clinton Foundation?” House Oversight Committee Chairman Jason Chaffetz asked. “I’m not going to comment on the existence or non-existence…

Billionaire sister and brother Alice and Jim Walton have explained last week’s $250 million grant from the Walton Family Foundation to aid in building charter school facilities as a salute to their parents’ emphasis on education. “My parents spent a lot of time with us growing up just enforcing the fact that education is what…

Are you confusing your donors with a bureaucratic category that makes no sense and doesn't matter to them? You might be if you're raising funds under the flag of the foundation that's the fundraising arm of your main organization. There are plenty of reasons to organize yourself this way. But none of them are important…

Bill Gates is the most generous man in the world. As of 2015, his lifetime giving total stood at $27 billion, more than the individual gross domestic products of 88 different countries and $6.5 billion more than the next highest individual giver, Warren Buffett. So when Bill Gates wants to give your impoverished country a whole bunch of chickens, you take them. Unless you're Bolivia. Bolivia is having none of that chicken business...

Seventeen years ago, former University of Southern California and Los Angeles Rams quarterback Pat Haden joined the board of an old, little-known charitable foundation that helps needy young people get an education. The George Henry Mayr Foundation, established in 1949, has no office of its own, no full-time staff and no website. Its founder and namesake…

Each year, more than 87,000 U.S. foundations make grants to help improve their communities, their nation and their world. With more than $800 billion of foundation assets, these annual grants total more than $56 billion—doing a lot of good. Each year, however, nearly $750 billion remains in endowments—where it usually is invested for the single bottom…

MacArthur Foundation, best known for its "Genius" grants, on Thursday announced a competition that will award $100 million to a single proposal that helps solve a "critical problem affecting people, places or the planet." Called 100&Change, the competition will be held once every three years and is open to nonprofit and for-profit organizations in the U.S. and internationally...

Olympic hero Mo Farah has closed his charity after it spent more on "marketing and a glitzy ball than on helping kids in Africa," according to The Sun. It’s a story that has raised many issues, including how much should be spent on fundraising and whether or not charities should continue operating if they aren’t…