Capitalism has lifted more people out of poverty than all philanthropy combined. ...

LOS ANGELES--(BUSINESS WIRE)--California American Water, in collaboration with the American Water Charitable Foundation, a philanthropic non-profit organization established by American Water (NYSE: AWK), announced today that the Foundation awarded a $30,000 State Strategic Impact grant to Wayfinder Family Services. Funding will support children and youth Foster Care, Adoption and Post-Adoption programs to help ensure they have access to high-quality services. "Wayfinder is grateful to Californi. ...

The head of Goldman Sachs Group‘s charitable arm has warned of the challenges the philanthropic world is facing from US President Donald Trump‘s efforts to curb programs that don’t align with his policies https://t.co/gHz2WvsMXM ...

"@SpaceX, @tesla, @neuralink and @boringcompany are philanthropy. If you say philanthropy is love of humanity, they ARE philanthropy." - @elonmuskhttps://t.co/19TIWLXn20 ...

Steve Forbes, Forbes chairman and editor-in-chief, presented the Forbes 400 Lifetime Achievement Award For Philanthropy to Charles Koch, Koch chairman and co-CEO; Stand Together founder, at the 2025 #ForbesImpactSummit. https://t.co/qob47nuXRe https://t.co/jv38Dh54x6 ...

Charles Koch Receives Forbes 400 Lifetime Achievement Award For Philanthropy at the 2025 #ForbesImpactSummithttps://t.co/R9uHARfun6 ...

Cantor Fitzgerald's Commemoration and Philanthropy - Cantor Fitzgerald commemorates the 24th anniversary of the September 11th attacks with their annual charity day [1][3] - All revenue raised on the day will go to charity, turning tragedy into something beautiful [6] - The Cantor Relief Fund was started to take care of the 9/11 families, with a promise to give 25% of profits for the first five years and pay for families' healthcare, totaling $180 million over 15 years [7][8] - Cantor Fitzgerald offers standing job offers to children or anyone related to those lost in the towers on 9/11 [8] Business Growth and Strategy - Cantor Fitzgerald has significantly grown since 9/11, increasing from a couple hundred brokers to 2,000 across three companies (Newmark, BGC, and Cantor Fitzgerald), with about 14,000 employees in total [10] - The firm was the number one underwriter for US Global IPOs through August [12] - Cantor Fitzgerald has doubled its investment bank size over the last 18 months [13] - The company intends to remain a private investment bank, citing the ability to move fast, be mobile, and efficient with less bureaucracy [13][14][15] SPAC Market and Digital Assets - Cantor Fitzgerald has been a long-time believer in SPACs and sees tremendous value in them [18][19] - The company is very bullish on the Digital Asset Registry and believes the current administration is smart, thoughtful, and caring towards the industry [32] - Cantor Fitzgerald has a close relationship with Tether, the largest stablecoin in the world, and believes stablecoins should exist across the world [38][39] New York City and Future Risks - Cantor Fitzgerald has a buy and hold strategy on New York City, believing it is a strong and resilient city [46] - The company believes the current administration is smart and that things will get done [47] - The biggest risk seen is people moving too quickly or making rash decisions, emphasizing the importance of getting a second or third opinion [49][50]

Philanthropy and Leadership - Melinda Gates, philanthropist and Pivotal Ventures founder, shared advice for young people [1] - Regina Dugan, Wellcome Leap CEO, shared advice for young people [1] Social Impact - Focus on advice for young people who want to change the world [1] Event - The information was shared at the 2025 Forbes PowerWomensSummit [1]

Group 1 - Larry Ellison has become the world's richest man, surpassing Elon Musk, with a net worth just under $400 billion after Oracle shares added over $100 billion to his wealth in a single day [2][3] - Ellison owns 41% of Oracle, which significantly contributes to his wealth increase, as he rarely sells shares, only doing so for exercising options or tax payments [3][4] - Oracle CEO Safra Catz has sold options worth $2.5 billion this year, making her the top insider seller, while holding only about 1 million shares of Oracle currently [3][4] Group 2 - Ellison has expressed intentions to concentrate his resources on the Ellison Institute of Technology, which focuses on climate change, world hunger, and disease cures, highlighting a different wealth management strategy compared to Catz [5] - Larry Ellison is noted for his philanthropic efforts, indicating a commitment to giving back to society [6]

Group 1 - Ken Griffin, founder of Citadel, is transitioning from market activities to philanthropy with the launch of Griffin Catalyst, aimed at directing his charitable giving [1] - Griffin has committed over $2 billion in donations, focusing on six priority areas including education, healthcare, and civic life [1] - The initiative reflects Griffin's vision for changing the country and establishing a legacy beyond finance [1][3] Group 2 - Griffin has supported various causes such as Parkinson's disease research, charter schools, and the U.S. men's soccer team [2] - His philanthropic efforts are characterized by a focus on values like innovation, meritocracy, and national pride rather than a partisan agenda [3] - Griffin's wealth is reported to exceed $48 billion, and he gained prominence during the 2021 GameStop saga [4] Group 3 - Since relocating Citadel's headquarters to Miami in 2022, Griffin has expanded his influence in business, real estate, and philanthropy in South Florida [5] - He is funding the construction of 50 mini soccer fields in Miami-Dade County and has made donations to local hospitals [5] - Griffin has also invested in real estate, including a $107 million compound in Coconut Grove and plans for a new tower in Miami [6]