When Harvard announced that billionaire John Paulson had made a $400 million gift to name the university’s School of Engineering and Applied Sciences, you would think that the philanthropic community would applaud such a mega-gift.
The non-profit world was reeling recently in the wake of the announcement by the Federal Trade Commission that they, along with all 50 states and the District of Columbia, had filed a complaint against four cancer charities,
Crises and tragedies have a way of bringing people together in support of those affected. In times of sorrow, gifts from generous donors to first-responder non-profit organizations provide a sliver of light when things are darkest.
Out of the brouhaha over Donald Sterling’s remarks and the pending sale of the Los Angeles Clippers to former Microsoft CEO Steve Ballmer comes a happy ending: the possible creation of a $200 million charitable foundation.