News and analysis
February 09, 2016
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New York State of Mind?

Robert Caplin/The New York Times/Redux

TWO MEN ON A MISSION: Financier Glenn Hutchins (right) backs projects that aim to produce social change. Among them: an African-American studies institute at Harvard run by Henry Louis Gates Jr.

These philanthropists don’t always go about their giving in traditional Big Apple fashion.

William Ackman, 49

Among the billionaire hedge-fund managers in philanthropy, Mr. Ackman is one of the most focused on measuring impact and sparking change...

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