Nonprofit News From Elsewhere
America’s richest people got far wealthier last year, but their giving relative to their fortunes was stagnant, according to the new Forbes 400 rankings. Forbes assigns these wealthy Americans a philanthropy score from 1 to 5. The number of those with a top score of 5 (for giving away at least 20 percent of their wealth) dropped from 10 to eight last year. Most of the rich on the list received a score of 1, meaning they have given away less than 1 percent of their net worth, or no philanthropic information was available. George Soros was the biggest giver relative to his wealth for the second year in a row. Others who were notably generous included MacKenzie Scott, Michael Bloomberg, Gordon Moore, Julian Robertson Jr., Amos Hostetter Jr., Lynn Schusterman, Ted Turner and Denny Sanford. The laggards include Jeff Bezos and Elon Musk. (Forbes)
Plus: 10 Years After Steve Jobs’s Death, His Widow, Laurene Powell Jobs, Has Multiplied Her Fortune and Power by Acting Nothing Like Him (Most of the Time) (Insider)
President Biden has chosen two women from academia to lead the National Endowments for the Arts and the Humanities. Maria Rosario Jackson, Biden’s choice for the National Endowment for the Arts, is a professor in the Herberger Institute for Design and the Arts at Arizona State University. Shelly Lowe, executive director of Harvard University’s Native American Program, has been nominated to lead the National Endowment for the Humanities. If confirmed, she would be the first Native American to hold that position. Jackson, who was born to an African American father and a Mexican immigrant mother, has written of her parents’ embrace of the arts when she was a child as a way to “express their fullest humanity” and help their children “reject the narratives that they were sure we were confronting daily.” (NPR)
More News and Opinion
- Opinion: A Pyrrhic Victory for Plutocrats at Yale (Washington Post)
- La.’s Largest Nonprofit Health System Increases Insurance Fees for Workers With Unvaccinated Spouses
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- Activist Groups Demand to See Heritage Foundation’s Records Regarding Fla.'s Voter Suppression Laws (Orlando Weekly)
- U. of Denver Receives Gift From a Billionaire for a New Mountain Campus (Colorado Public Radio)
- Global Hunt for Looted Treasures Leads to Offshore Trusts (Washington Post)
Pandora Papers and Stolen Antiquities
