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Philanthropy

Jeff Bezos Donates $100 Million to Obama Foundation To Honor of Congressman John Lewis

Kimberly Redmond | Equities.com |

Amazon.com Inc founder Jeff Bezos donated $100 million to former President Barack Obama’s foundation in honor of the late Congressman John Lewis, a key figure in the US civil rights movement.

The foundation said it is the largest individual contribution it has received to date and included a request from the billionaire that the plaza at the Obama Presidential Center under construction in Chicago be named after Lewis.


Pledges Supporting Racial Equity Initiatives Soar, But Recipients and Amounts Still Largely Unknown

Kimberly Redmond | Equities.com |

Funders have made a record number of commitments to support racial equity initiatives in the past year, but the vast majority of donors have yet to report any data showing where those contributions are going, a newly-released report found.

In the months that followed the murder of George Floyd, nearly $12 billion was donated to social justice causes — the most funding in the last nine years, according to a report by PolicyLink, a research group focused on advancing racial and economic justice, and The Bridgespan Group, a New York-based consulting firm.


Bloomberg Philanthropies Makes $150 Million Gift to Fund City Leadership Program at Harvard

Kimberly Redmond | Equities.com |

With a $150 million gift from former New York City Mayor Michael Bloomberg’s charitable foundation, Harvard University will establish the Bloomberg Center for Cities, a facility that will aim to provide training, resources and support for local government leaders from around the world.https://www.bloomberg.org/press/bloomberg-philanthropies-harvard-university-announce-creation-of-the-bloomberg-center-for-cities-to-support-mayors-around-the-world-as-they-face-unprecedented-challenges/...


Bill and Melinda Gates Foundation Pledges Additional $250 Million to COVID-19 Battle

Reuters | Equities.com |

The Bill and Melinda Gates Foundation on Thursday pledged an additional $250 million to support the development of low-cost and easier to deliver treatments and vaccines against COVID-19.

The Gates Foundation’s latest contribution, its largest till date, comes on top of the $70 million funding that it added in November. This brings its total commitments to the global pandemic response to $1.75 billion, the foundation said.

“Whether (the world) gets better for everyone depends on the actions of the world’s leaders and their commitment to deliver tests, treatments and vaccines to the people who need them,” said Melinda Gates, co-chair of the Gates Foundation.

The contribution will also support the delivery of tests and vaccines in low- and middle-income countries, the foundation added.


Alibaba Co-Founder Jack Ma Has Reduced Stake to 4.8%, Cashed Out $9.6 Billion in Past Year

Reuters | Equities.com |

SHANGHAI, July 13 (Reuters) - Alibaba Group Holding Ltd co-founder Jack Ma has cut his stake in the company over the past year to 4.8% from 6.4%, cashing out around $9.6 billion at its current share price, the firm’s annual filing released on Friday showed.

The divestment comes as Ma retired as the Chinese e-commerce company’s executive chairman in September and pulled back from formal business roles to focus on philanthropy.

Alibaba did not disclose the average selling price ...


Humanity 2.0 Launches New Global Wellness Platform to Implement Scientific Innovations in the Faith Sector – with comments from Co-Creator Morad Fareed

Equities News Editorial Team | Equities.com |

The Vatican-Based impact human flushing initiative Humanity 2.0 launched announced a new life science and wellness implementation arm, Humanity 2.0 Well-Being (HWB).


Amazon CEO Jeff Bezos Pledges $10 Billion to Climate Change Fight

Reuters | Equities.com |

Bezos pledged nearly 10% of his net worth to the new Bezos Earth Fund.


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