Over the next decade, will wealth become a unifying force in addressing global problems or a point of divisiveness among wealth holders? Before we can answer this question, we need to understand the role that family offices—private investment companies that steward the financial resources of wealthy individuals and their families—will play in the impact investing space.
Due to the pending blizzard, AGM offices will be closed on Tuesday, January 27, 2015. Please check our website for event calendar updates. Thank you and be safe.
Charitable gifts to U.S. colleges and universities rose 10.8 percent, to a record $37.45 billion, in fiscal year 2014, the biggest increase since 2000, the Voluntary Support of Education survey finds.
The New England Patriots are a slight favorite to defeat the Seattle Seahawks in the Super Bowl on Sunday, but which team (and their respective region) holds the edge in terms of generosity?
For nearly a half-century, Boston College’s Center on Wealth and Philanthropy has taken an unusual approach to studying the charitable giving of the very rich, examining not just how much they give but why they do it and asking whether great wealth comes with an ethical obligation to be financially generous.
Charitable giving in Massachusetts in 2014 rose 7.7% over 2013 levels, lagging national giving, which increased 9.3% last year, both down from the year before, a trend that is expected to continue through 2015, according to a newly released report. The Atlas of Giving, a Dallas-based organization that tracks charitable giving, said growth last year was driven by “favorable economic factors that drive giving, an increasing number of nonprofits, the impact of donor advised funds and new and more effective fundraising technologies and techniques.”
The Empire State Building is one of the seven modern wonders of the world. Yet when it was built, the most revolutionary aspect wasn’t its architecture or the height. The less-acclaimed, quantum leap was in the construction practices that the contractor, Starrett Brothers and Eken, used. Never before had a building been constructed in that way or as quickly.
Due to the suspension of the MBTA and ongoing weather related issues, the AGM office is closed on Tuesday, February 10, 2015.
Stay warm and safe.
It’s a key selling point of Boston’s Olympic bid: The Games would largely be paid for by private funding, not taxpayer money. But that financing plan is sending ripples of anxiety through the city’s nonprofit sector, which worries the event would soak up philanthropic dollars that might otherwise go to charity. And, in a potential double-whammy, a Boston Olympics could strain local nonprofits by putting more demands on social services, as happened in Atlanta when the Summer Games were held there in 1996.
Mayor Bill de Blasio spurred foundation leaders Wednesday to invest in projects and technology tools that protect and expand the accessibility of the Internet. "We know that you can fill in some of these gaps more effectively than any government, and you can spark change more agilely than most governments ever could, and we need you to do that," Mr. de Blasio said. Life opportunities increasingly correlate to education levels and, in turn, to access to high-speed Internet, the mayor said. More than a quarter of American households do not have such access.