My story about Bloomberg Philanthropies, the Campaign for Tobacco Free Kids and their campaign against electronic cigarettes generated more reaction that anything I’ve written in years, with the possible exception of my reporting on the workplace abuses at the Silicon Valley Community Foundation. The story appears in the current issue of the Chronicle of Philanthropy, …
The philanthropy of the very rich is an exercise of power, says Stanford professor Rob Reich. As such, billionaire philanthropy deserves scrutiny and not automatic gratitude. With that in mind, I began a deep dive three months ago into a campaign against electronic cigarettes funded largely by a $160-million, three-year grant from Bloomberg Philanthropies. Much …
Rules, they say, are made to be broken. This is not necessary when it comes to the rules designed to promote transparency in foundations. They’re so ineffectual that there’s no need to break them. Wealthy donors can and do hide charitable giving for which they claim tax deductions, the investments they hold in tax-advantaged accounts …
The Chronicle of Philanthropy last month published my opinion piece on climate philanthropy. They’ve kindly agreed to let me repost it here. America’s foundations have poured billions of dollars into the fight against climate change. What do they have to show for their money? Big environmental grant makers — Hewlett, MacArthur, Moore, Packard, and the …
Foundations say they want to challenge inequality. The truth is, they often perpetuate it. For better or worse, Bill Gates, Michael Bloomberg, the Buffett family and a growing number of hedge fund and technology billionaires use their large-scale giving to extend their influence at a time when rich people already have inordinate clout. This undermines democracy …
I spent last weekend in Charleston, WV, with my daughter, her husband and my two grandsons. They’re doing well. The same can’t be said about the state where they live. Nearly one in five people living in WV fall below the poverty line, which is $23,834 for a family of four. The percentage of children living …
The William and Flora Hewlett Foundation, one of the US’s biggest and most influential foundations, has taken a small step to distance itself from financing fossil fuels. The Menlo Park-based foundation, a leading funder of programs to avoid the worst impacts of climate change, has amended its social investment policy to say that it will refrain …
