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Trump's campaign crowdfunded millions online in an untraditional approach to emergency relief
Read full article: Trump's campaign crowdfunded millions online in an untraditional approach to emergency reliefFormer President Donald Trump’s campaign is using GoFundMe to rally its donor network around the survivors of his July assassination attempt and Hurricane Helene’s destruction.
As DEI policies come under legal attack, philanthropic donors consider how to adapt
Read full article: As DEI policies come under legal attack, philanthropic donors consider how to adaptFoundations and major donors are mobilizing to respond to court cases like the Supreme Court’s June decision ending affirmative action at universities.
Following review, Business Insider stands by reports on wife of ex-Harvard president's critic
Read full article: Following review, Business Insider stands by reports on wife of ex-Harvard president's criticBusiness Insider says it is satisfied with the fairness and accuracy of stories that made plagiarism accusations against the wife of a hedge fund billionaire who was active in the ousting of Harvard President Claudine Gay.
Backlash to House testimony shines spotlight on new generation of Ivy League presidents
Read full article: Backlash to House testimony shines spotlight on new generation of Ivy League presidentsThe university presidents called before last week’s congressional hearing on antisemitism had more in common than strife on their campuses: The leaders of the University of Pennsylvania, Harvard and MIT were all women who were relatively new in their positions.
Gates, French Gates top list of biggest U.S. charity donors
Read full article: Gates, French Gates top list of biggest U.S. charity donorsA handful of Americans donated at least $1 billion to charity last year, according to the Chronicle of Philanthropy’s annual ranking of the 50 Americans who gave the most to charity in 2021.
Pershing Square SPAC exits Universal Music deal
Read full article: Pershing Square SPAC exits Universal Music dealA special-purpose acquisition company run by billionaire Bill Ackman’s Pershing Square is stepping away from a deal to buy a 10% stake in Universal Music Group, citing questions from the Securities and Exchange Commission.
EXPLAINER: What's a SPAC, the latest craze on Wall Street?
Read full article: EXPLAINER: What's a SPAC, the latest craze on Wall Street?In the two years since the office-sharing company’s failed IPO, a new way to launch a stock on Wall Street has become fashionable: SPACs. Special purpose acquisition companies have been embraced by big institutions and small-pocketed investors alike. The goal is to use those millions of dollars to take a private company public without using the traditional initial public offering process that’s been around for decades. Management has a financial incentive to find an acquisition target — most often management receives a 20% stake in the newly public company. An exchange-traded fund consisting of SPACs and companies taken public through SPAC acquisitions, the Defiance Next Gen SPAC fund, jumped 55% between early November and mid-February.