Microsoft co-founder giving over half his fortune to charity
Paul Allen, who co-founded Microsoft with Bill Gates, says he plans to give over half his estimated $13.5 billion fortune to charity, The New York Times reported July 15 (see Microsoft co-founder story).
Barnes & Noble founder investing in rebuilding New Orleans
Leonard Riggio, the founder and chairman of Barnes & Noble, and his wife Louise, who committed $20 million to helping to rebuild New Orleans after Hurricane Katrina in 2005, are set in August to build their 50th home for New Orleans families who lost their homes after the hurricane, The Wall Street Journal reported July 16 (see New Orleans charity story).
British donors warn private giving will not offset state cuts to arts
Top British philanthropists who have given hundreds of millions of pounds to creative industries say private giving cannot bridge the gap that will be created by pending state cuts in arts funding, The Independent reported July 16 (see British arts story).