- Winfrey made an undisclosed investment in True Food Kitchen after herself patronizing one of its restaurants
- Powell Jobs’ Emerson Collective is “equal parts think tank, foundation, venture capital fund, media baron, arts patron and activist hive,” writes the Washington Post’s David Montgomery.
- The BEV, with $1 billion in commitments from Bill Gates, Jeff Bezos, Jack Ma, Mukesh Ambani, Richard Branson and others, announced its first two investments.
Jack Ma is backing young African entrepreneurs with a new $10 million fund. The founder of Chinese ecommerce giant Alibaba announced his African Young Entrepreneurs Fund at the Youth Connekt Africa Summit in Rwanda. It was the first visit to the continent for Ma, who is worth more than $35 billion. “African entrepreneurs should not be asking
Mark Zuckerberg believes in “personalized learning” and wants kids to teach themselves (through software Facebook is helping develop). But teachers will have a role, too, so Zuckerberg’s LLC is making a $5 million investment in Landed to help teachers buy homes in the Bay Area’s high-priced housing market. Landed generally contributes up to half of a
Over the last 24 hours, Jeff Bezos has made news for two big things. And they’re related. Yesterday, the Amazon founder, not a publicly known philanthropist, took to Twitter to say: “I’m thinking I want much of my philanthropic activity to be helping people in the here and now — short term — at the intersection of urgent need and
Warren Buffett’s advice to stick with low-cost index funds rather than high-fee money managers makes sense for philanthropies as well. “America’s foundations are taking money that could be devoted to their programs — to alleviate global poverty, to improve education, to support medical research or promote the arts — and transferring it to wealthy asset managers,” writes journalist Marc Gunther,