philanthropy Archives

Sheryl Sandberg to Step Down from Meta Board: A Look Back at Her Impact

January 18, 2024January 18, 2024 Business

Sheryl Sandberg, former COO of Meta, announced her departure from Meta’s board. Sandberg was instrumental in transforming the social media giant and played a key role in its success. While serving as COO, Meta generated billions in revenue through targeted advertising. Sandberg’s departure leaves a question mark regarding board replacement. Since leaving her role, Sandberg has focused on philanthropic efforts, empowering young girls and promoting women’s sports. She recently organized an event addressing sexual violence at the United Nations.

Florida’s New Era of Philanthropy: How Financial Professionals are Fueling Giving

December 18, 2023December 18, 2023 Business

Florida is experiencing a new era of philanthropy as financial professionals, like Ken Griffin and Orlando Bravo, make significant donations to local organizations. The Miami Foundation’s ‘Give Miami Day’ has seen a significant increase in fundraising, and community foundations in Palm Beach, Broward, and Sarasota Counties have seen their assets soar. Despite the optimism, experts caution that maintaining momentum and local connections is crucial for the future of philanthropy in Florida.

Charlie Munger Donates $40 Million to California Museum

October 6, 2023November 11, 2023 Business

Charlie Munger, long-time business partner of Warren Buffett, has donated $40 million worth of Class A Berkshire Hathaway shares to the Henry E. Huntington Library and Art Museum. The donation will be used to build residences for visiting scholars doing research at the museum. Munger’s dedication to philanthropy has led him to divest a significant portion of his fortune, with $1 billion going into a charitable trust. Despite his generosity, Munger still holds a substantial number of Berkshire shares. He is well-known for his witty remarks and insightful responses at shareholder meetings.