Tag Archives: charity

Elon Musk gave 5 million Tesla shares to charity after teasing possible donation to fight world hunger

Tesla Inc. Chief Executive Elon Musk donated more than 5 million Tesla shares in November, days after the U.N. World Food Program outlined a plan to potentially use a $6 billion donation from the world’s richest man.

A filing with the Securities and Exchange Commission made public Monday showed the donation, but not the recipient. The Tesla
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shares were transferred in batches between Nov. 19 and Nov. 29, as Musk was also selling Tesla stock in preparation for a large tax bill.

On Halloween, Musk promised on Twitter
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that he would sell Tesla stock and donate $6 billion to the U.N. World Food Program if it “can describe on this Twitter thread exactly how $6B will solve world hunger.” The executive director of the program, David Beasley, responded with a proposal on Monday, Nov. 15, and Musk began transferring shares to a charity the following Friday.

World Food Program spokesman Steve Taravella declined to disclose any information when contacted Monday. An email to Tesla, which disbanded its public-relations team in 2020, was not returned.

“To respect the privacy of our supporters, WFP’s practice has always been to leave any disclosure of possible contributions up to donors themselves,” Taravella wrote in an email to MarketWatch.

Musk did not respond publicly to the proposal from WFP’s Beasley, who had been tagging Musk in tweets that sought financial support from famous billionaires. Musk instead spent the day that Beasley posted it lashing out at U.S. Sen. Bernie Sanders about taxes, after the Vermont independent and former Democratic presidential candidate tweeted: “We must demand that the extremely wealthy pay their fair share. Period.”

At the time, Musk was selling millions of shares in preparation for a large tax bill, while also exercising options for shares at much lower prices. Even with the gifted shares disclosed in Monday’s filing, Musk has about 2 million more shares — 172.6 million in total — than he owned when he began selling the stock.

Beasley has continued to tweet at Musk since the donation in apparent attempts to work together, including a Nov. 20 tweet asking him to “shock us all. Just do it.” He last tweeted at Musk on Dec. 16, according to a Twitter search.

It’s also possible the donation went to Musk’s own philanthropic organization, the Musk Foundation, which he established in 2002 and held a bit less than $1 billion as of the end of June 2020, according to a federal filing. Billionaires tend to divert stock to their own foundations before donating to charitable causes from those organizations.

For example, another electric-vehicle executive, Fisker Inc.
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Chief Executive and Chairman Henrik Fisker, directed $4 million in stock to establish a foundation in the name of him and his wife and $1.9 million to a donor-advised fund. That move was also made public Monday afternoon in an SEC filing, though that EV company also issued a news release outlining where the money was going.

Musk in 2012 signed the Giving Pledge, a public promise to give away at least half of his wealth in his lifetime or when he dies. Compared with some of his wealthy peers, he has been relatively quiet about his philanthropy until last year. Musk announced a $100 million prize aimed at helping to solve climate change, and he made several other donations in 2021, including a $1 million contribution to a Texas food bank, Vox reported. Musk sometimes announces his philanthropic activities on Twitter, including a September message about a $50 million donation for children’s cancer research.

At Monday’s closing price of $875.76, the 5,044,000 Tesla shares would be worth roughly $4.42 billion; on Nov. 19, when Musk began the transactions, the total outlay would have been worth roughly $5.74 billion at the closing price.

MarketWatch staff writer Leslie Albrecht contributed to this report.



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Steelers fans thank Daniel Carlson for winning field goal with charity donations

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The Pittsburgh Steelers were teetering on the precipice of missing the playoffs due to an impending tie in the final regular season game of the 2021-22 season. If Sunday night’s game between the Los Angeles Chargers and Las Vegas Raiders ended deadlocked, both of those teams would make the playoffs while the Steelers went home.

Daniel Carlson‘s 47-yard field goal gave the Raiders a win, sent the Chargers home, and finally secured the final AFC playoff spot for the Steelers.

As a thank you to Carlson, Steelers fans have been making donations to charities Carlson has been affiliated with for making the kick that kept their season alive.

“@steelers please thank your fans who are generously donating to charities I’ve been involved with!” Carlson wrote on his Twitter account. “I’ll add some links below for any others who would like to join in on the fun! PLAYOFFS!!!”

Carlson linked to the Boys & Girls Club of Southern Nevada, the After-School All-Stars of Greater Las Vegas, and the aTeam Ministries, which provides support for families dealing with pediatric cancer.

Fans of the Buffalo Bills made similar efforts to thank Andy Dalton, Tyler Boyd and the Cincinnati Bengals in 2017 as their victory over the Baltimore Ravens in the final week of the season ended their 17-year playoff drought.



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India Cuts Off Foreign Funding of Mother Teresa’s Charity

NEW DELHI — India has blocked a charity founded by Mother Teresa from accepting foreign donations for its humanitarian work.

It was not made clear why the government refused on Monday to renew the license of the organization, the Missionaries of Charity, under the country’s Foreign Contribution Regulation Act. The group can appeal, but for now, a major source of funding has been cut off.

The news came around a tense Christmas time, when churches have been vandalized and celebrations interrupted by hundreds of right-wing Hindus across the country.

The rise in attacks on Christians, who make up about 2 percent of India’s population, is part of a broader shift in which religious minorities feel less safe. Anti-Christian vigilantes are sweeping through villages, storming churches, burning Christian literature, attacking schools and assaulting worshipers. Right-wing Hindus have confronted Muslims during Friday prayers in the northern state of Haryana in recent months.

At a conference last week, hundreds of right-wing Hindu monks openly called for Muslims to be killed, in their quest to turn India, constitutionally a secular republic, into a Hindu nation.

In October, Prime Minister Narendra Modi invited Pope Francis to visit India, home to one of Asia’s oldest and largest Christian populations. But it remains to be seen if the government’s latest move to cut off the Christian charity’s foreign funding will complicate that invitation.

Under Mr. Modi’s government, India has also been tightening rules on foreign funding of nongovernmental organizations. It has placed restrictions on many Christian and Muslim nonprofits and put others on a watch list for violating Indian laws, especially the laws concerning religious conversions.

Nonprofits are required to file detailed financial statements of their foreign funds and how they use them in India and are restricted from receiving those funds until their licenses are approved by the government.

Last year, the human rights organization Amnesty International shut its India operations in response to a series of government reprisals including the freezing of its bank accounts. The government said at the time that the organization repeatedly violated local laws by circumventing the regulations under which foreign entities can receive donations from abroad.

Sunita Kumar, a spokeswoman for the Missionaries of Charity in the eastern city of Kolkata, where it is based, expressed confidence on Tuesday that the licensing issue could be resolved. She said the charity’s work would not be affected immediately, though it gets a large chunk of its income from overseas donors.

“There’s enough locally also that’s given, so we can handle that,” she said, without explaining how long it would be able to sustain its work with only local donations.

According to government filings, foreign donations accounted for over $13 million of the charity’s income in the financial year that ended March 2021. It was not clear what percentage of the total that is, since the charity does not reveal that figure.

Mother Teresa, a Roman Catholic nun, founded the Missionaries of Charity in 1950. She was awarded the Nobel Peace Prize in 1979 in recognition of her work caring for the poor and the sick, and declared a saint in 2016, nine years after her death.

The nonprofit provides critical care and medical infrastructure in a country where, even before the pandemic, the health system has struggled to keep up with the growing needs of its 1.4 billion people. India’s devastating second wave of the coronavirus killed hundreds of thousands of people.

This month, the police in the western state of Gujarat said they were investigating a complaint against the charity for forcing girls in a shelter home to read the Bible and wear a cross — accusations that Ms. Kumar, the charity’s spokeswoman, rejected.

“I’ve worked here for 45 years, and nothing like that has ever happened,” she said.

On Monday, opposition leaders criticized the government’s decision.

“This is indeed shocking,” said Shashi Tharoor, a member of Parliament from the southern state of Kerala of the main opposition party, the Indian National Congress, on Twitter. “When Mother Teresa wins a Nobel Prize, India rejoices. When her organization serves the poor and destitute, the government cuts off their funding.”



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UNLV student dies days after participating in fraternity charity boxing match

In what the school described as “a tragic incident,” Nathan Tyler Valencia, 20, died Tuesday, four days after participating in Kappa Sigma fraternity’s “Fight Night” on November 19.

According to an online flyer for the event, Valencia was one of the fighters participating in the card’s “main event,” but family attorney Nick Lasso told CNN Sunday that the junior kinesiology major had no boxing experience prior to taking part in the off-campus charity bout.

Valencia collapsed “soon after his fight,” according to an online letter to the campus community from UNLV President Keith Whitfield.

He was hospitalized following his collapse and died November 23, just four days shy of his 21st birthday, according to Lasso.

Valencia’s official cause of death has not been released, however doctors determined he was suffering from internal bleeding at some point in his hospital stay, according to CNN affiliate KTNV.

“Kappa Sigma Fraternity is greatly saddened by the loss of Nathan Valencia at the University of Nevada, Las Vegas,” fraternity executive director Mitchell B. Wilson said to CNN in an email Sunday. “Our deepest condolences, thoughts and prayers are with the Valencia family and the entire UNLV community.”

Valencia was a member of UNLV’s Sigma Alpha Epsilon fraternity and not the Kappa Sigma organization that hosted the event, according to Lasso.

According to an online flyer for the bout, the event was a fundraiser for Center Ring Boxing, a Las Vegas-based organization that establishes youth boxing programs for area children and their families.

In a statement to CNN, Lasso said his law firm will conduct “a full investigation” into the promotion, safety protocols, officiating and medical supervision of the November 19 event held in Valencia’s hometown of Las Vegas.

KTNV said the Las Vegas Metropolitan Police Department opened an investigation into the incident. Police officials did not return a call from CNN Sunday night.

“The Valencia family is heartbroken over the loss of Nathan … College students should not be placed in a situation where they are pitted against each other for combat,” the statement from Lasso and Ryan Zimmer of the Richard Harris Law Firm reads. “The family wants to make sure this never happens again, that’s the primary focus,” Lasso told CNN by phone Sunday.

“We are shocked and heartbroken as we mourn the loss of one of our own,” Whitfield said in his letter to the UNLV community. “Our deepest sympathies go out to his family, friends, and loved ones. I am sure words cannot describe their feeling of grief and emptiness,” the school president added.

A vigil for Valencia was held on the UNLV campus Saturday night.

“He was the best person that anybody could ever ask for. I wouldn’t wish this on anybody,” Malcolm McGruder, Valencia’s Sigma Alpha Epsilon fraternity brother told KTNV.

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Jamie Lynn Spears ‘blindsided’ after charity declined planned donation from book sales: report

Jamie Lynn Spears was reportedly caught off guard by a nonprofit organization’s decision to decline a donation offer from her upcoming book sales.

Britney Spears‘ sister is planning on releasing a memoir titled “Things I Should Have Said” come January, and on Monday, the 501(c)(3) This Is My Brave announced it declined an opportunity to receive proceeds from the book’s sales amid her family’s drama over the pop star’s conservatorship.

A source now claims to People magazine that Jamie Lynn, 30, was “totally blindsided” by the organization’s public refusal.

“The organization was recommended and vetted and knew we were donating, but they’ve been overwhelmed,” the source said. 

THIS IS MY BRAVE, NONPROFIT ORGANIZATION, DECLINES DONATIONS FROM JAMIE LYNN SPEARS’ MEMOIR

The insider added that it appears the nonprofit is “essentially saying that one person’s mental health struggles are more valid and important than another.”

Britney Spears and Jamie Lynn Spears.
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“They took a clear stand on whose story they thought had more value to them. Seems their actions don’t align with their mission of supporting all voices,” the insider concluded.

“We heard you. We’re taking action,” the charity, which focuses on mental health, said in a statement on Instagram announcing they’d passed on the offer. “We are deeply sorry to anyone we offended. We are declining the donation from Jamie Lynn Spears’ upcoming book.” 

In its caption, This Is My Brave added that it was “recommended to be a beneficiary organization for the proceeds” of the memoir, but ultimately “made the decision to decline the offer.” 

The book drama comes amid a rocky past few months for Jamie Lynn, who has been accused of not supporting her sister Britney amid her conservatorship battle against their father, James P. Spears, also known as Jamie Spears.

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Last month, Judge Brenda Penny suspended Jamie as her conservator of her estate and ordered control of all of Britney’s assets to be turned over to a court-appointed temporary conservator, a certified public accountant named John Zabel.

Jamie Lynn will release a book titled ‘Things I Should Have Said’ in January 2022.
(Image Group LA/Disney Channel via Getty Images)

Meanwhile, Britney has dropped hints on social media that her relationship with her younger sister is strained. The rift intensified when Jamie Lynn announced that she’s planning to release the book that will allegedly address things like her sister’s conservatorship as well as her daughter’s near-fatal ATV accident in 2017.

“I owe it to myself, my younger self, and to my daughters to be an example that you should never edit yourself or your truth to please anyone else,” Jamie Lynn previously announced on Instagram.

Days later, Britney, 39, announced on Instagram that she’s considering releasing a book of her own in 2022.

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“Psssssss also great news … I’m thinking of releasing a book next year,” she revealed, “but I’m having issues coming up with a title so maybe my fans could help !!!!”

amie Lynn Spears attends the 2016 CMT Music awards at the Bridgestone Arena on June 8, 2016 in Nashville, Tennessee.  
(John Shearer/WireImage)

Britney suggested either calling the book “S–t, I really don’t know” or “I really care what people think.”

This led many people to believe that she was taking a direct shot at her sister.

Fox News’ Tyler McCarthy contributed to this report.



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Elon Musk welcomes SpaceX crew home with $50m donation to charity | SpaceX

Elon Musk surprised his first all-private crew of space tourists with a welcome home gift after their trailblazing trip to orbit ended on Saturday night: a $50m donation to the children’s charity St Jude.

The billionaire SpaceX founder tweeted soon after their Atlantic ocean splashdown off the Florida coast that he was gifting the money towards the mission’s stated goal of raising $200m for the St Jude Children’s Research Hospital in Tennessee.

“Count me in for $50m,” Musk wrote, in response to a tweet from the four-person crew that they were: “Happy. Healthy. Home.” The crew asked for the public’s help in reaching their fundraising target.

The trip’s sponsor and commander, Jared Isaacman, paid SpaceX undisclosed millions for the trip and threw in the first $100m for charity himself.

Isaacman, 38, an entrepreneur and pilot, said he wanted to show that ordinary people could blast into orbit by themselves. He held a lottery for one of the four seats and a competition for clients of his Allentown, Pennsylvania, payment-processing business, Shift4 Payments, for another.

Their SpaceX capsule parachuted into the ocean just before sunset, not far from where their flight began three days earlier.

“On behalf of SpaceX, welcome back to planet Earth,” a mission controller said. “Your mission has shown the world that space is for all of us.”

“Thanks so much, SpaceX,” Isaacman said. “It was a heck of a ride for us … just getting started.”

The all-amateur crew was the first to circle the world without a professional astronaut. The fully automated Dragon capsule reached an unusually high altitude of 363 miles after liftoff on Wednesday. The passengers savoured views of Earth through a big bubble-shaped window added to the top of the capsule.

The four were the first space travellers to end their flight in the Atlantic since Apollo 9 in 1969. SpaceX’s two previous crewed splashdowns, carrying astronauts for Nasa, were in the Gulf of Mexico. The crew members were due to have medical checks before going to Kennedy Space Center by helicopter for a reunion with their families.

SpaceX makes history with first all-civilian crew launched into orbit – video

“It was a very clean mission from start to finish,” said Benji Reed, a SpaceX senior director.

Nearly 600 people have reached space – a scorecard that began 60 years ago and is expected to accelerate as space tourism heats up.

Reed anticipates as many as six private flights a year, sandwiched between astronaut launches for Nasa. Four SpaceX flights are already booked carrying paying customers to the space station, accompanied by former Nasa astronauts.

The first is targeted for early next year with three businessmen paying $55m apiece. Russia also plans to take up an actor and film director for filming next month and a Japanese tycoon in December.

Customers interested in quick trips are turning to Richard Branson’s Virgin Galactic and Jeff Bezos’ Blue Origin. The two rode their own rockets to the fringes of space in July. Their flights lasted 10 to 15 minutes.



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Courtney Stodden Said Chrissy Teigen Should “Stop Griping” And “Do Some Charity Work” After Chrissy Complained Again That “Cancel Club” Is “Like A Secret Society” – BuzzFeed News

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Humble Bundle stops purchasers from giving full payment to charity

Enlarge / The kind of “everything to charity” slider option shown on the right here will soon be impossible for Humble Bundle customers.

Since the first Humble Indie Bundle launched to much acclaim in 2010, users have been able to allocate up to 100 percent of a bundle’s pay-what-you-want purchase price to Humble’s partner charities. That option will be going away in mid-July as the company institutes a new 15 to 30 percent minimum cut that will go to the storefront itself.

If that new policy sounds familiar, it’s probably because of a test Humble Bundle in April that hid the charity sliders from some customers as a form of early user testing. In light of negative feedback, Humble Bundle apologized for not being “more proactive in communicating the test.” But at the time, the company also said it was planning to limit total charity donations to 15 percent of the user-set purchase price in the near future.

By May, though, Humble Bundle backtracked and said it was leaving the charity sliders intact and turning them back on for all customers “while we take more time to review feedback and consider sliders and the importance of customization for purchases on bundle pages in the long term.”

Today, that review seems to be over, and Humble Bundle has once again decided to set limits on the proportion of payments users can allocate to charity (though at a higher level than it publicly mulled back in April). In a blog post Thursday, the Humble Bundle team attributed the 15 to 30 percent minimum store cut (which will vary from bundle to bundle) to the fact that “the PC storefront landscape has changed significantly since we first launched bundles in 2010, and we have to continue to evolve with it to stay on mission.”

Humble Bundle says customers can still adjust their specific charitable giving within these new limits, and on-screen sliders will make any minimums clear. The team also argues that ensuring Humble Bundle itself makes some money from every bundle sale will “[let] us continue to invest in more exciting content so we can keep growing the Humble community, which will ultimately drive more donations for charitable causes.”

“… I would consider that a success”

When the Humble Indie Bundle launched back in 2010, bundle co-creator Jeffrey Rosen of Wolfire Games was clear that he considered the option for users to give all their payments to charity a feature, not a bug. “Even if no one donates to the developers and they give 100 percent to charity, I would consider that a success,” he told Ars Technica at the time.

In 2013, EA donated its entire share of the proceeds from the first Humble Origin Bundle to charity, using the offering as a PR promotion more than a direct money-maker. Humble Bundle says it will also continue to occasionally offer “100% charity” bundles, such as the recent Humble Heal COVID-19 Bundle. Humble Bundle says it has raised almost $200 million in charitable donations since it first launched.

While Humble Bundle initially launched as a true “pay-what-you-want” offering, most of the company’s bundles have long limited what’s included unless you pay a minimum price. The company has also expanded over the years to include direct, set-price game sales through the Humble Store, a Humble Choice subscription plan that offers a curated selection of games each month, and direct game publishing under the Humble Games label.

Humble Bundle was acquired by gaming and media conglomerate IGN in 2017.

Listing image by Humble Bundle

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Jimmy Kimmel Brutally Mocks Trump’s Post-Presidency Body

It’s been just about two months since Donald Trump departed the White House for Mar-a-Lago so Jimmy Kimmel decided to check in on how he was doing Monday night.

“This is what our former president is up to,” the late-night host said during his monologue, telling his viewers about the recent report concerning Trump’s daughter-in-law Lara, “she of the plumped lips” who has a charity called ‘Big Dog Ranch Rescue’ that “paid almost two million dollars to Mar-a-Lago, which is owned by guess who, over the past seven years.”

“That doesn’t sound suspicious at all,” Kimmel added.

But what the host really wanted to talk about were the disturbing Twitter posts from Trump “sycophants” that emerged from the charity’s latest event over the weekend.

“President Trump is looking better than ever before!!” one Trump supporter tweeted. “He’s getting in shape for 2024 and the liberals are freaking out!!”

Brigitte Gabriel, who leads the anti-Muslim group ACT for America, added, “President Trump looks fantastic and stronger than ever!”

“OK, listen, I get that you support Donald Trump,” Kimmel said. “But put that picture back up for a second.”

“He doesn’t look strong and he definitely doesn’t look fantastic,” he added. “He looks like an old man with his belt pulled up to his nips. He looks like a bowl of mashed potatoes in pants.”

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Alex Trebek’s wardrobe is donated to charity by the family of the late ‘Jeopardy!’ host

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They gave the clothing to The Doe Fund, an organization that provides paid work, housing, vocational training, continuing education and comprehensive social services to underserved Americans with histories of addiction, homelessness and incarceration, according to a “Jeopardy!” news release.

“During his last day on set, Alex extolled the virtues of everyone opening up their hands and their hearts to those who are suffering,” said Mike Richards, the game show’s executive producer. “Donating his wardrobe to those who are working to rebuild their lives is the perfect way to begin to honor that last request.”

Trebek’s son, Matthew, has been a supporter of The Doe Fund and came up with the idea to donate the pieces to the organization, the news release said.

In all, the family donated four suits, 58 dress shirts, 300 neckties, 25 polo shirts, 14 sweaters, nine sports coats, nine pairs of dress shoes, 15 belts, two parkas and three pairs of dress slacks. Doe Fund participants will use the items in their reentry program for job interviews, according to the news release.

“We are so grateful for Jeopardy! and the Trebek family’s commitment to lifting up the most vulnerable among us,” said Harriet McDonald, president of The Doe Fund. “The men in our career training programs are always in need of professional attire, so they can shine in their job interviews and work with confidence once they’re hired. This donation alleviates the obstacle of not having appropriate clothing.”

Trebek died in November at the age of 80. He hosted more than 8,200 episodes of “Jeopardy!” over 38 seasons, the most by a presenter of any single TV game show, according to a statement from Sony Pictures.

Trebek left behind his three children and his wife Jean, whom he married in 1990.

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