The wealthy should give less to charity and invest more of their money in start-ups, said Scott McNealy, the former CEO of Sun Microsystems.» Read More
Billionaire Warren Buffett's son Peter recently sparked a huge debate over the role of philanthropy with an op-ed he published. A look at the arguments that continue to rage on days later.
In what it calls a "cautionary tale for wealthy investors," The Wall Street Journal reports on the destruction of a $135 million dollar hospital endowment created by a couple who were early investors with Warren Buffett.
Billionaires Bill Gates and Warren Buffett said limits on charitable deductions could hurt giving—but only among the lesser rich.
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.
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.
A lawsuit has prompted the historic parish to offer an estimate of the value of its assets: more than $2 billion.
Cosmetics tycoon Leonard Lauder has promised New York's Metropolitan Museum of Art his long-sought collection of Picassos and other works.
The problem, some argue, is the inability of non-profits to find new ways to engage the rich in problem solving.
When it comes to philanthropy, wealthy Americans lead the world, but a new survey suggests they could give more.
Giving in the United States grew by a scant two percent in 2012, the slowest since the depths of the financial crisis in 2009.
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.
One study says that the "cliff" deal will not, in fact, reduce the giving of the wealthy. It's likely to increase it.
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.
Many nonprofits rely on the fourth quarter for a substantial portion of their yearly income. So far, the year has been really hard.
New IRS data show that those making between $1.5 million and $2 million pay the highest average tax rates in the country.
Nowhere is the impact of foreign riches more noticeable than at Lamborghini Miami, one of the nation’s largest sellers of super-cars.
A Ferrari F12 Berlinetta sold for $1.125 million over the weekend, with the proceeds going to Hurricane Sandy charity.
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.
Companies have given millions to the Sandy cause. But so far, big charity checks from the rich remain scarce.
The Star Wars creator's wealth will soar to more than $5.2 billion after Disney purchases Lucasfilms.