philanthropy – The News Desk

Bengaluru’s Entrepreneurial Spirit Inspires Nikhil Kamath To Donate Most Of His Wealth

8Nov

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Business

Bengaluru’s Entrepreneurial Spirit Inspires Nikhil Kamath To Donate Most Of His Wealth

Zerodha co-founder Nikhil Kamath. (Image: File Photo/News18)The co-founder of Zerodha intends to contribute to domains like climate change, energy, education, and health.Nikhil Kamath, a co-founder of Zerodha, achieved the distinction of being the youngest Indian to join ‘The Giving Pledge’ earlier this year. He expressed that his inspiration to donate a significant portion of his wealth to philanthropic causes came from influential Bengaluru-based entrepreneurs and fellow pledgers such as Nandan Nilekani, the co-founder of Infosys, Kiran Mazumdar Shaw, the founder of Biocon, and Azim Premji, the founder of Wipro.Zerodha co-founder said that his surroundings in Bengaluru, alongside the presence of other signatories of The Giving Pledge, motivated him to maximise the impact of the money he...

Charlize Theron encourages people to find ways to help through philanthropy at Town & Country summit

2Nov

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Entertainment

Charlize Theron encourages people to find ways to help through philanthropy at Town & Country summit

NEW YORK -- Charlize Theron remembers the moment her role in philanthropy clicked into place.The Oscar-winning actress had been talking with community leaders in her homeland of South Africa about how they could tackle the AIDS epidemic there. “We heard them say, ‘We know what to do, but we just need the resources to do it,’” Theron said Thursday at the Town & Country Philanthropy Summit in Manhattan. “And I thought, ‘Oh, wait, I can do that.’”As a result, she created the Charlize Theron Africa Outreach Project in 2007 to fund community leaders in South Africa who were already working on the AIDS epidemic and then expanded to gender equity issues. “Our philosophy is always listen and they’ll tell us what we need to do and then we help with that,” Theron told The Associated Press in an...

Can the new film ‘Uncharitable’ change people’s minds about overhead at nonprofits?

20Oct

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Entertainment

Can the new film ‘Uncharitable’ change people’s minds about overhead at nonprofits?

NEW YORK -- All Hands and Hearts makes a promise in big letters on the front page of its website: “95 cents of every dollar is spent on our programs.”The Massachusetts-based disaster relief nonprofit, like so many charitable organizations have for decades, feels the pressure to operate as leanly as possible. Izzy Smith, chief information officer for All Hands and Hearts, which mobilizes volunteers to respond to natural disasters, called it an “enduring challenge for nonprofits” to explain to donors and the public about the need to invest in operations and shared services. "Financial instability as a nonprofit actually reduces our effectiveness and efficiency,” Smith said.A new documentary “Uncharitable,” from “Paris Trout” and “Losing Isaiah” director Stephen Gyllenhaal, wants to change t...

Millennial Money: 5 options if you’re crushed by student loan and credit card debt | Business

23Sep

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Money

Millennial Money: 5 options if you’re crushed by student loan and credit card debt | Business

The return of federal student loan payments in October has the potential to derail your finances, especially if you’re already struggling with credit card payments.One in five student loan borrowers have risk factors that suggest they could struggle with student loan payments when they resume, according to a June blog post at the Consumer Financial Protection Bureau.The impact won’t be as significant during the initial 12-month student loan on-ramp period from Oct. 1 to Sept 30, 2024. You won’t default on student loans or see credit scores plummet after missing payments during that time. But interest will continue to accrue, making the growing debt more diffi...

Oprah Winfrey and Dwayne Johnson launch fund with $10 million for displaced Maui residents

1Sep

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Entertainment

Oprah Winfrey and Dwayne Johnson launch fund with $10 million for displaced Maui residents

Oprah Winfrey and Dwayne Johnson have committed $10 million to make direct payments to people on Maui who are unable to return to their homes because of the wildfires, through a new fund they announced Thursday.The People's Fund of Maui will give $1,200 a month to adults who are not able to return to their primary residences because of the recent wildfires, including people who owned and rented their homes, according to the fund's website. The fund will also seek donations to extend the length of time it can provide the support.“How do we help?" the “Young Rock” star said he and Winfrey asked each other during the wildfires, saying in a video released along with the announcement that they grappled with how to best direct their efforts. “You want to take care of the greatest need of the pe...

The One-Per-centers Pushing Democrats to the Left

10Aug

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Entertainment

The One-Per-centers Pushing Democrats to the Left

Listen and subscribe: Apple | Spotify | Google | Wherever You ListenSign up to receive our weekly newsletter of the best New Yorker podcasts.Andrew Marantz, in the August 14, 2023, issue of The New Yorker, wrote about Leah Hunt-Hendrix, a major donor to progressive causes whose grandfather was a politically conservative oil tycoon. Hunt-Hendrix’s use of her money and influence to support progressive social movements is remarkable in that the goals of these projects run counter to her class interests, and even aim to put her family’s company out of business: raising taxes on the rich, pushing for more corporate regulation, and passing a Green New Deal. She funds grassroots organizations, and also co-founded the political organization Way to Win, which works to elect candidates on the left....