Mark Zuckerberg’s decision to cut off funding to the pro‑immigration group FWD.us marks a sharp turn away from the high-profile social advocacy that once defined his philanthropy, even as MacKenzie Scott is emerging as the era’s most aggressive backer of equity- and DEI-driven causes. The split shows a broader divergence in tech philanthropy: one billionaire…
A new savings vehicle, dubbed “Trump accounts,” is designed to help the rising generation of American children build wealth into adulthood. Under the multitrillion-dollar tax and spending bill signed by President Donald Trump in July, the federal government will contribute $1,000 to accounts set up for every American baby born in the next few years. The initiative got…
The U.S. Treasury asked major philanthropic donors to contribute to new investment accounts for children Wednesday as part of what Secretary Scott Bessent called a “50 State Challenge” to raise funds for the Trump Accounts program. “The president is calling on our nation’s business leaders and philanthropic organizations to help us make America great again…
It’s official—we finally have a total figure for MacKenzie Scott’s donations this year: an eye-popping $7.2 billion. That brings the billionaire philanthropist’s total gifts since 2020 to $26 billion and more than 2,700 gifts. This squarely places Scott among the most generous philanthropists, alongside fellow billionaires Bill Gates, Melinda French Gates, and Warren Buffett—all of…