Tausi Insider

Amazon founder Jeff Bezos announced on Tuesday that he will donate $123 million to combat homelessness in America. Pool | Getty Images The donation will take the form of 40 grants, which are part of Bezos' commitment to the Bezos Day 1 Families Fund . Bezos intends to donate $2 billion to organizations that assist those facing homelessness and provide systems for stability in low-income communities through the fund. The Day 1 Fund was founded in 2018 and has donated more than $500 million in grants since its inception. But Bezos has even broader intentions for his wealth beyond the fund. In an interview with CNN , the billionaire shared that he intends to give away a majority of his $124 billion net worth during his lifetime, focusing on climate change and those facing social and political divides. Related: Jeff Bezos Plans to Give Away the Bulk of His Fortune, New Grant of $100 Million to ...

Billionaire investor Warren Buffett donated more than $750-million in Berkshire Hathaway stock to the four foundations run by his family Wednesday, but unlike his annual gifts to charity each summer, the recipients didn’t include the Bill & Melinda Gates Foundation. Buffett has been making annual donations to the same five charities every year since 2006 when he unveiled a plan to give away his fortune over time, with the Gates Foundation receiving the biggest donations . Wednesday’s donations mark the first time the 92-year-old has made a second major gift within the same year. A filing with the Securities and Exchange Commission showed Buffett gave 1.5 million Class B shares in the Omaha, Nebraska-based conglomerate he leads to the Susan Thompson Buffett Foundation, named for his first wife. He also gave 300,000 Class B shares apiece to the three foundations run by his children: the Sherwood Foundation, the Howard G. Buffett Foundation and the NoVo Foundation. In June, he gav...

Photo : Gorodenkoff ( Shutterstock ) Whether you shop primarily online or in person, you’ve likely been asked to make a donation to some kind of charitable organization as you’re checking out. Sometimes it’s rounding up the total of your order to the nearest dollar, and donating the change. Other times, you have the option of donating $1, $2, or another amount—or declining. B ut if you’re looking for your dollars to have more of an impact, you should consider giving your money directly to a charity . Here’s what to know. Are checkout donations a scam? As a TausiInsider post from March 2021 points out, donations made at the cash register aren’t part of some sort of scheme where they are use to reimburse the retailers for previously donated funds. But thanks to a lawsuit filed in New York in May 2022—alleging that CVS was using checkout donations to fulfill a pledge the pharmacy chain made to the American Diabetes Association to contribute $10 million over the course of three ...

Sam Bankman-Fried, center left, founder of the failed cryptocurrency exchange FTX, is escorted out of Magistrate Court after a hearing in Nassau, Bahamas, on Dec. 19. FTX was supposed to be the crown jewel of the Bahamian government's push to be the global destination for all things crypto, after years of having an economy overly reliant on tourism and banking. Rebecca Blackwell/The Associated Press Dressed in a canary blue suit on a warm December night, sweat dripping from his brow, Bishop Lawrence Rolle belts out the lyrics to his latest hit song for the hundreds of children and adults gathered to celebrate Christmas. “FTX!,” he sings, bent over and shaking his head for emphasis. “The money is gone!” “FTX!,” his backup singer and audience scream back. “The money have done gone!” The cryptocurrency exchange FTX was supposed to be the crown jewel of the Bahamian government’s push to be the global destination for all things crypto, after years of having an economy overly reliant o...