Charitable Giving
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Michael and Susan Dell donate $6.25 billion to encourage families to claim 'Trump Accounts'
Yahoo Finance· 2025-12-02 13:00
Core Points - The Dells pledged $6.25 billion to incentivize 25 million American children under 10 to claim new investment accounts created by recent legislation [1][2] - This commitment is believed to be the largest single private donation made to U.S. children, with few charitable commitments exceeding $1 billion in the past 25 years [2] - The investment accounts, referred to as "Trump Accounts," will be managed by private companies and are set to launch on July 4, 2026 [3][5] Investment Account Details - Each qualified child will receive a $250 deposit from the Dells, with the Treasury also contributing $1,000 for children born between January 1, 2025, and December 31, 2028 [5] - Funds in these accounts must be invested in an index fund tracking the overall stock market, and families are encouraged to contribute additional funds [5] - Upon turning 18, children can withdraw the funds for education, home purchases, or starting a business [5] Philanthropic Goals - The Dells aim to inspire families to claim and contribute to these accounts, fostering a culture of saving and investment [6] - There is hope that other companies and philanthropists will also contribute to these accounts, enhancing the overall impact [6] - The initiative is seen as a unique platform to effectively distribute funds to needy children while ensuring that the money can grow with the economy [7]
Inside America’s Hidden Capitals of Generosity
Bloomberg Television· 2025-11-22 15:01
This is a story about giving back and in particular the single place in America that does it better than anyone else. Earlier this year, we brought you the story of the wealthiest spot in the country. The residents of Teton County, Wyoming have an average annual income of around a half a million dollars.They also donate more per person than anyone else. But then it's easy to give more when you have more. So who gives the most as a proportion of how much they make.That's another story. altogether. >> It's a ...
Your Investment Portfolio Is Probably Riskier Than You Think
Yahoo Finance· 2025-11-17 18:28
Group 1 - Investors should be cautious of complacency as they age, particularly around age 50, as their capacity to absorb risk diminishes despite feeling more risk-tolerant [1] - The last significant economic downturn occurred 17 years ago, suggesting the need for investors to mentally prepare and reposition their portfolios towards safer assets [2] - Recency bias can lead investors to mistakenly believe that current market trends will continue, which can result in crowding into hot sectors like AI and Big Tech without considering potential downturns [3] Group 2 - Investors are advised to adopt a "set-it-and-forget-it" mentality, as frequent portfolio adjustments can lead to diminished returns, likened to a bar of soap that gets smaller the more it is handled [4] - A once-annual review of the portfolio is recommended, focusing on performance, rebalancing, and tax-planning strategies, to avoid excessive tinkering that could harm long-term investment outcomes [5]
Warren Buffett is giving away $1.4 billion just before he retires, and has nearly $150 billion to go
MarketWatch· 2025-11-10 20:06
Core Insights - Warren Buffett is planning to donate approximately $1.4 billion to four family foundations shortly before his retirement, with intentions to eventually distribute the remainder of his $150 billion fortune [1] Group 1 - The donation of $1.4 billion will be allocated to four family foundations [1] - Buffett's total fortune is estimated at $150 billion, indicating a significant philanthropic commitment [1] - The timing of the donations is noted to be just weeks before his retirement, suggesting a strategic approach to wealth distribution [1]
GivBux Expands Direct-Sales Channel to Increase Utilization of Its Innovative Super App
Globenewswire· 2025-08-08 13:36
Company Overview - GivBux, Inc. is a publicly traded Super App and charitable giving platform that has expanded its direct-sales channel to engage consumers through independent sales professionals [1][2] - The GivBux Super App offers advanced data analytics and applied AI within a mobile wallet experience, attracting new users with secure and personalized digital payment tools [2][6] Direct-Sales Channel - The direct-sales professionals are actively participating in local organizational events to introduce the GivBux Super App and its financial tools to their communities [2] - GivBux's direct-sales strategy aims to create entrepreneurial opportunities, allowing individuals to earn commissions based on the activity of those they introduce [5] Industry Context - The U.S. direct-selling market is projected to grow at a compound annual growth rate (CAGR) of approximately 5.6% from 2025 to 2034, reaching about $70.5 billion by the end of that period [3] - Globally, the direct-selling sector is expected to increase from $194.9 billion in 2024 to $207.0 billion in 2025 [3] Strategic Focus - GivBux emphasizes product integrity and community-focused sales networks, aiming for transparency and a high-quality user experience [4] - The company is committed to leveraging technology-driven tools to empower both users and direct-sales professionals [4] Product Features - The GivBux Super App allows users to make purchases at over 100 national retailers and local merchants, earning cash back on every purchase, part of which can be directed to a charity of their choice [6] - The app is free to use and is continuously evolving with new functionalities, including social networking, e-commerce, banking, messaging, food delivery, and transportation [6][7]
Birdies Made by Legends at the Inaugural James Hardie™ Pro Football Hall of Fame Invitational Turn into a Home for a Canton Family
Prnewswire· 2025-07-31 16:53
Core Insights - James Hardie Building Products Inc. partnered with the Pro Football Hall of Fame to present a new affordable home to a family in Canton, Ohio, as part of their charitable initiatives [1][2][4] Company Initiatives - The home was constructed with support from James Hardie as part of the charity impact from the inaugural James Hardie Pro Football Hall of Fame Invitational, a PGA TOUR Champions event [2][6] - James Hardie has funded five Habitat for Humanity projects as part of the tournament's charity initiatives in various locations including Canton and Palm Beach County [8] Product Information - The new home features Hardie® fiber cement siding in "Evening Blue," which is the company's 2025 Color of the Year, emphasizing durability and aesthetic appeal [7] Community Engagement - James Hardie has a long-standing relationship with Habitat for Humanity, supporting their mission to provide affordable housing and improve community stability [4][16] - The company has been involved in community support for over six decades, reflecting its commitment to local development and home ownership [9]