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Inside Wealth: Philanthropy
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Billionaires Bill Gates and Warren Buffett said limits on charitable deductions could hurt giving—but only among the lesser rich.
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Billionaires Bill Gates and Warren Buffett said limits on charitable deductions could hurt giving—but only among the lesser rich.
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Can the ability to be an entrepreneur or an economic disrupter be taught? Ronald Perelman is betting that it can with a $100 million pledge to the Columbia Business School.
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Berkshire Hathaway billionaire Charles Munger is giving a $110 million in stock to the University of Michigan — the largest donation in its history — for a graduate student residence hall.
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A lawsuit has prompted the historic parish to offer an estimate of the value of its assets: more than $2 billion.
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Cosmetics tycoon Leonard Lauder has promised New York's Metropolitan Museum of Art his long-sought collection of Picassos and other works.
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The problem, some argue, is the inability of non-profits to find new ways to engage the rich in problem solving.
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When it comes to philanthropy, wealthy Americans lead the world, but a new survey suggests they could give more.
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Giving in the United States grew by a scant two percent in 2012, the slowest since the depths of the financial crisis in 2009.
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World-renowned chef Alain Ducasse is hosting a black-tie, $850-a-plate dinner in New York next month for 240 elite guests, who will be asked to bring their own wine.
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One study says that the "cliff" deal will not, in fact, reduce the giving of the wealthy. It's likely to increase it.
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Before you go out and buy a mansion and a yacht, here is some smarter advice on what you should do if you win the $425 million Powerball.
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Many nonprofits rely on the fourth quarter for a substantial portion of their yearly income. So far, the year has been really hard.
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New IRS data show that those making between $1.5 million and $2 million pay the highest average tax rates in the country.
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Nowhere is the impact of foreign riches more noticeable than at Lamborghini Miami, one of the nation’s largest sellers of super-cars.
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A Ferrari F12 Berlinetta sold for $1.125 million over the weekend, with the proceeds going to Hurricane Sandy charity.
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If the charitable deduction is capped or cut, some say, the United States will lose billions of dollars in charitable donations. But there is little hard data to support the claim.
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Companies have given millions to the Sandy cause. But so far, big charity checks from the rich remain scarce.
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The Star Wars creator's wealth will soar to more than $5.2 billion after Disney purchases Lucasfilms.
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Rumors were that plans for the former Apple CEO's boat had been shelved during Jobs's illness. But the yacht has just had its posthumous launch in the Netherlands.
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A new study from Bank of America found that 95 percent of American millionaires gave to charity in 2011, with almost as many giving time as well as money.
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Frank joined CNBC in 2012 as a reporter and editor. He is a leading journalistic authority on the American wealthy.