Forbes

The World’s Biggest Givers
May 20, 2011

Based on recent analysis, Forbes has identified what looks like a pretty elite club: 19 people who have already donated at least $1 billion each to charities or foundations. That is five more than Forbes found two years ago. More than two-thirds of these philanthropists (13 to be exact) are from the U.S. and all but one is a self-made entrepreneur.

Topping the list is Microsoft co-founder Bill Gates, the most generous person on the planet in dollar terms, having gifted $28 billion to his Bill & Melinda Gates Foundation.

Massive Nonprofit Identity Theft
April 15, 2011

Someone has hijacked the tax identity of more than 2,300 tiny or defunct nonprofits, apparently taking advantage of a hole in a new electronic Internal Revenue Service filing system to list the same person as a charitable official at the same mail box drop in Las Vegas.

The charities, most of which seem to be religious in nature, all identify a “principal officer” as one William Alexander of Non Profit Accounting Services, with a stated location at a mail-box office address on N. Rainbow Blvd. in Las Vegas.

First-generation moneymakers more generous than their heirs, Bill Gates says
March 25, 2011

Bill Gates, the college dropout who started the world's richest charitable fund, said needy people depend on self-made millionaires and billionaires to donate money before passing their wealth on to less-generous heirs.

"Our experience worldwide is that first-generation wealth is actually more generous than dynastic wealth," Gates, the richest American, said Thursday in a news conference in New Delhi. "Both here in India and U.S. and other countries, the biggest givers are those who are receivers of first-generation wealth."

US Charities' Adoption of Social Media Outpaces All Other Sectors for the Third Year in a Row
September 24, 2010

This new research shows that charitable organizations are still outpacing the business world and academia in their use of social media. The latest study (2009) revealed that a remarkable ninety-seven percent of charitable organizations are using some form of social media including blogs, podcasts, message boards, social networking, video blogging, wikis and Twitter.

Paul Allen Commits Majority of His Wealth to Philanthropy
July 19, 2010

Billionaire Paul Allen has taken his friend Bill Gates up on his challenge to publicly pledge the majority of his wealth to philanthropy.

Allen, who is 57, said today that he plans to leave the majority of his $13 billion estate to philanthropy to continue the work of his foundation and to fund scientific research. It was also a way of marking the 20th anniversary of the Paul G. Allen Family Foundation, which he started in 1990 with his sister, Jo Lynn Allen, and has since given 3,000 grants totaling about $400 million.

Nonprofit CEOs Are Worth Every Dime
January 25, 2010

Jan. 25, 2009, Forbes When the Chronicle of Philanthropy released its annual report on nonprofit salaries in October 2009, several journalists responded critically by accusing well-compensated nonprofit chief executive officers of being driven by financial gain rather than belief in the cause and by suggesting that these "bloated salaries" represent irresponsible spending by the entire nonprofit sector. (See "Nonprofit Millionaires.") While this is certainly not the first time a public debate has been waged over nonprofit salaries, this time around the especially harsh allegations of bloated CEO salaries in the nonprofit world seem fueled, in part, by public outrage over of the pay packages earned by corporate executives. This misplaced anger amounts to kicking nonprofits while they're down.