Philanthropy & Poverty Alleviation - Five of America's top philanthropists are collaborating on a new initiative [1] - The initiative aims to assist low-income Americans in overcoming poverty [1] - An AI giant is partnering in this venture [1]

RT Larry Ellison (@larryellison)The Ellison Institute of Technology – https://t.co/Lb2rfu1pIfYears ago, along with Bill Gates, Warren Buffett and others, I declared support for the Giving Pledge—because I believed and continue to believe that practicing philanthropy by giving to nonprofit organizations that pursue public good is important. But there are additional ways that I would like to invest my time and resources in giving back to the world we share. Recently, my family founded a new technical institut ...

Core Insights - Jeff Bezos is appointing Tom Taylor, a veteran Amazon executive, as the new president and CEO of the Bezos Earth Fund, which has a capital of $10 billion dedicated to climate and biodiversity initiatives [1][2] - The Bezos Earth Fund was launched in 2020 with the goal of combating climate change by providing grants to various organizations and aims to distribute all its capital by 2030 [3][4] Leadership Transition - Tom Taylor, who previously led Amazon's Alexa division and has over 23 years of experience at Amazon, will replace Andrew Steer, who stepped down in February [2][4] - Taylor expressed enthusiasm for leading the fund, emphasizing a commitment to innovative solutions for environmental challenges [3] Fund Activities - The Bezos Earth Fund has already distributed $2.3 billion in grants to support environmental efforts [4] - Since stepping down as CEO of Amazon in 2021, Bezos has increased his involvement with the fund and has donated Amazon shares to it [4]

Philanthropy & Generosity - Report highlights America's Most Generous Philanthropists in 2025 [1]

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Charitable Giving Landscape - Charitable giving reached a record $590 billion in the past year, primarily driven by stock market wealth [2] - Tax changes could cause a significant shift in who gives and how much [2] Tax Law Changes - New charitable deduction of up to $1,000 for individuals and $2,000 for married couples taking the standard deduction [3] - Itemizers, mainly the wealthy, will not be able to deduct the first 0.5% of their gross income given to charity [3] - Deduction limits for those in the top tax bracket allow claiming only a 35% tax deduction for charitable gifts, down from 37% [4] Impact Assessment - Supporters believe the changes will encourage more giving by everyday Americans [4] - Others estimate the changes will reduce overall giving by more than $8 billion [4]

The New York City anti-poverty philanthropy–backed by nearly two dozen ultra wealthy finance moguls–says the bill will hurt the city’s poorest. (Photo: Erik McGregor/Lightrocket via Getty Images) https://t.co/63bZNuVpSe https://t.co/kBot4gynAP ...

The New York City anti-poverty philanthropy–backed by nearly two dozen ultra wealthy finance moguls–says the bill will hurt the city’s poorest. (Photo: Erik McGregor/Lightrocket via Getty Images) https://t.co/sQcNr8qmMv https://t.co/Uqe8piYQCK ...

America’s Most Generous Philanthropists 2025 https://t.co/k1mJcsmMbT https://t.co/k1mJcsmMbT ...

Problem Statement & Financial Analysis - The cost of inaction on climate change is estimated to exceed $1.3 quadrillion (1,266 trillion dollars) by 2100, which is 10 times global GDP [4] - In Germany, there is a 30 billion euro gap of philanthropic potential [16] - Foundations in Germany, with endowments between 100 and 200 billion euro, give away only about 1% annually [13][14] - Mobilizing 1% of income or wealth in Germany could generate 100 billion euro per year, a ten-fold increase over current giving levels [23] Wealth Management & Philanthropy - A significant portion of wealth in developed economies is inherited, often with family expectations to preserve it for future generations [7] - Financial gatekeepers (bankers, tax advisors, family officers) are incentivized to protect and grow wealth, not necessarily to invest it for social good or facilitate giving [9] - Legal instruments like trusts and foundations, while originally intended for protection and preservation, have become part of a global wealth defense industry, locking up money with tax privileges and secrecy [12][13] - Traditional foundations often invest in harmful industries due to low-risk, market-return investment strategies [14] Solutions & Future Trends - Modern giving can be revolutionized by using the internet to reduce costs, replace gatekeepers, and allow broader participation [20] - Digital foundations can enable anyone to start one with any amount of money, facilitating strategic giving, impact investing, and fundraising [21] - Shifting from a blame game to a model where everyone can be a philanthropist, impact investor, or influencer is crucial [25] - Encouraging individuals to give just 1% of their income or wealth can create significant positive change [22]