Philanthropy

Family Sues Nonprofit Over $21 Million Donor-Advised Fund It Can No Longer Access

Apr 3, 2026

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5 min read

Family Sues Nonprofit Over $21 Million Donor-Advised Fund It Can No Longer Access

A family is suing WaterStone after the nonprofit cut off access to their $21 million donor-advised fund. DAFs hold $326 billion with no payout requirements.

Aaron Rafferty

Philanthropy

Blackstone's Schwarzman Plans to Transfer $48 Billion Fortune to AI and Education Foundation

Mar 28, 2026

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4 min read

Blackstone's Schwarzman Plans to Transfer $48 Billion Fortune to AI and Education Foundation

Blackstone CEO Stephen Schwarzman plans to transfer $48 billion to his foundation, focused on AI and education, potentially creating a top-five global philanthropy.

Aaron Rafferty

Philanthropy

Craigslist Founder Craig Newmark Commits $450 Million to Veterans, Cybersecurity, and Pigeon Rescue

Mar 22, 2026

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3 min read

Craigslist Founder Craig Newmark Commits $450 Million to Veterans, Cybersecurity, and Pigeon Rescue

Craigslist founder Craig Newmark has donated or committed over $450 million of his $1.3 billion net worth to veterans, cybersecurity, anti-disinformation, and pigeon rescue.

Aaron Rafferty

Philanthropy

Bloomberg Gave $4.3 Billion Direct to Causes as New Tax Law Threatens $5.7 Billion in Charitable Giving

Mar 22, 2026

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4 min read

Bloomberg Gave $4.3 Billion Direct to Causes as New Tax Law Threatens $5.7 Billion in Charitable Giving

Michael Bloomberg gave $4.3 billion direct to causes in 2025, topping the Philanthropy 50 as new tax law adds AGI floor projected to cost charities $5.7 billion.

Aaron Rafferty

Philanthropy

$4 Billion in Charitable Grants Between DAF Sponsors Never Reach a Nonprofit

Feb 27, 2026

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3 min read

$4 Billion in Charitable Grants Between DAF Sponsors Never Reach a Nonprofit

$4 billion per year shuffles between donor-advised fund sponsors and gets reported as charitable grants.

Philanthropy

Family Sues Nonprofit Over $21 Million Donor-Advised Fund It Can No Longer Access

Blackstone's Schwarzman Plans to Transfer $48 Billion Fortune to AI and Education Foundation

Craigslist Founder Craig Newmark Commits $450 Million to Veterans, Cybersecurity, and Pigeon Rescue

Bloomberg Gave $4.3 Billion Direct to Causes as New Tax Law Threatens $5.7 Billion in Charitable Giving

$4 Billion in Charitable Grants Between DAF Sponsors Never Reach a Nonprofit

WYDE Newsroom