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Free Money Day is a global social experiment held annually on September 15, the anniversary of the Lehman Brothers' 2008 filing for bankruptcy. Participants hand out money to strangers, asking them to pass half onto someone else. Money is exchanged in person, left as a surprise for someone to find, or sent digitally.
The most generous among America's richest billionaires give away more than 10% of their fortunes. Some of them are doing their best to give away all of it — or at least as much as they can while...
M arlene Engelhorn, an Austrian heiress who inherited tens of millions of euros from her grandmother, opted to let strangers decide where to give away €25 million ($27 million)—at least 90% of ...
Larry Stewart (April 1, 1948 – January 12, 2007) was an American philanthropist from Kansas City better known as "Kansas City's Secret Santa." [1] After poor beginnings, Stewart — from 1979 through 2006 — made a practice of anonymously handing out small amounts of cash, typically in the form of hundred-dollar bills, to needy people.
For years, Atlantic gave away money in secret, requiring recipients to not reveal the source of their donations. Quoting the president of Atlantic, The New York Times wrote: "Beyond Mr. Feeney's reticence about blowing his own horn, 'it was also a way to leverage more donations—some other individual might contribute to get the naming rights ...
The billionaires are potentially reshaping philanthropy in the U.S. MacKenzie Scott donated over $2 billion in 2024, part of her ongoing effort to give away much of her wealth.
You don't give away that much money without changing the places and institutions and people you give it to, sometimes for the worse. Zuckerberg should already know this. In 2010, he donated $100 million to the Newark Public Schools on a promise from Cory Booker that he could, according to Dale Russakoff's The Prize , "flip a whole city."
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