Charlotte United Way paying $700,000 to ousted CEO
United Way of Central Carolinas in Charlotte, N.C., has agreed to pay $700,000 to Gloria Pace King, its former CEO who was ousted in a controversy over disclosures she had received a pay package worth over $1 million, The Charlotte Observer reported Dec. 2 (see United Way settlement story).
Tech billionaire in India donating $2 billion
India’s tech billionaire Azim Premji, who pledged this year to donate much of his wealth to charity, has announced he will make the equivalent of a $2 billion endowment to a trust to fund his Azim Premji Foundation, Forbes reported Dec. 1 (see India philanthropist story).
U.S. leads world in share of philanthropic millionaires
A survey from Barclays Wealth says U.S., with roughly one-third of the world’s millionaires, who control trillions of dollars in wealth, leads the world in the percentage of millionaires who say philanthropy is one of their top three spending priorities, The Wall Street Journal reported Dec. 1 (see U.S. philanthropy story).
California Endowment reshaping state’s charitable sector
Under the leadership of pediatrician Robert Ross, the California Endowment has functioned as a social incubator at the forefront of an effort to rethink how to keep California children healthy, in the process influencing the way philanthropies and charities throughout California do business, the Los Angeles Times reported Nov. 30 (see California Endowment story).