Charity Financial News

Subscribe to enjoy similar stories.Warren Buffett is stepping out for his famed charity lunch again.A mystery bidder paid just over $9 million to win an auction with the Oracle of Omaha, who last participated in the event in 2022.The winner will meet the Berkshire Hathaway chairman for lunch on June 24 in Omaha, Neb. They will be joined by Golden State Warriors point-guard Steph Curry and his wife, entrepreneur Ayesha Curry.

Subscribe to enjoy similar stories.Late on Sunday, Tata Trusts announced it would seek to amend an exclusionary clause in the 103-year-old Bai Hirabai Trust, a charitable entity under its control, that restricts eligibility for trustee positions to members of the Zoroastrian community. The move has put the spotlight back on long-standing disputes within the philanthropic organizations that hold a majority stake in Tata Sons.Here is a snapshot of the simmering tensions that have gripped the House of Tata since the death of Ratan Tata on 9 October 2024.Since Ratan Tata’s demise, India’s largest industrial conglomerate has seen several top-level skirmishes.

Subscribe to enjoy similar stories.Tata Trusts on Sunday said it plans to amend restrictive clauses that currently limit eligibility for trustee positions at an affiliate trust to Zoroastrians, even as it affirmed confidence in chief executive officer (CEO) Siddharth Sharma. This follows public questions raised by vice chairmen Venu Srinivasan and Vijay Singh, after Sharma asked them if they would consider stepping down as trustees at the affiliate trust.“In order to correct anomalies in the trust deed and to align it with the values that the Tata Trusts have always epitomised, the trustees have decided to adopt proceedings before the appropriate authority for alteration of restrictive clauses in respect of eligibility of trustees.

Subscribe to enjoy similar stories.Mehli Mistry, a close associate of late tycoon Ratan Tata, has challenged his ouster from Sir Dorabji Tata Trusts (SDTT), the largest among Tata Trusts, and requested the appointment of an administrator to run the philanthropic entities behind the sprawling Tata Group of companies.In an affidavit filed before the Maharashtra charity commissioner on Wednesday, Mistry challenged the votes cast by Venu Srinivasan and Vijay Singh that led to his ouster in October; questioned Tata Trusts chair Noel Tata's objection to reappointing N. Chandrasekaran as chair of Tata Sons; and highlighted what he claims is a procedural flaw in the appointment of Noel as the Trusts chair.On 24 February, the Tata Sons board deferred a decision on reappointing Chandrasekaran, after Noel sought a roadmap to revive loss-making Tata businesses.

Bengaluru/Mumbai: Former Tata Trusts trustee Mehli Mistry has filed an affidavit before the Maharashtra charity commissioner, seeking clarification on alleged irregularities at an affiliate of Tata Trusts.He has accused his former Tata Trustees colleagues—including chairman Noel Tata—of appointing two vice chairmen, Vijay Singh and Venu Srinivasan, who, being non-Parsis, he claims should not have served on a Trust run by a principal Tata Trust.Mistry, who resigned from Tata Trusts in October last year, has asked the regulatory body to probe the Bai Hirabai Jamsetji Tata Navsari Charitable Institution, one of the five trusts run by the Sir Ratan Tata Trust & Allied Trusts. Separately, Sir Dorabji Tata Trust & Allied Trusts run nine additional Trusts.Sir Dorabji Tata Trusts (SDTT) and Sir Ratan Tata Trusts (SRTT) own 27.98% and 23.56% of Tata Sons, the holding company of the Tata Group.

₹106.12 crore.According to the deal-related documents accessed via Propstack, a real estate data analytics firm, the agreement to sell (development rights) has been signed by the developer and the seller, Sorabji Kanga Charity Trust, through its trustees.As part of the deal, Lodha will be entitled to develop 5,017 square metres of carpet area (saleable area), along with 150 car parking spaces and a 42.5% share in the trust overseeing the project.The market value of the land is approximately ₹621.71 crore, according to the deal document, and Lodha has paid ₹37.42 crore in stamp duty for the transaction that was executed on 7 January.“Lodha will likely develop a high-end residential project there,” said a person on the condition of anonymity.The total land area of the property is 17,403.20 square metres (roughly 4.3 acres), and it has a chawl, Palacimo Co-operative Housing Society, and six bungalows. Lodha will redevelop the land, except for the housing society, as per the agreement.

Subscribe to enjoy similar stories. As the young generation faces the biggest wealth transfer in decades, with baby boomers set to pass on $53 trillion to their children by 2045, wealthy families are taking a more proactive approach to their estate planning. Whether it’s family meetings, early conversations around philanthropic efforts, or educational programs to teach younger people how to manage future wealth, there’s more happening in the field of estate planning than ever before.

Subscribe to enjoy similar stories. At the end of every year, somewhere between buying presents and overeating, Americans usually turn charitable. But it seems fewer of them will give money away in 2025 than in years gone by.

YouTube star Jimmy "MrBeast" Donaldson joined the April Fool's Day festivities with a controversial post on X (formerly Twitter) on April 1, 2025. He claimed to have destroyed millions of trees in the name of content. «Proud to announce I’ve burned down 20,000,000 trees! Can’t wait to upload this video,» he wrote. The post quickly went viral, gathering over a million impressions within hours. While some fans played along, others took it a step further. One user sarcastically asked, «How many kids did you blind mr beast?» MrBeast, known for his charity work, responded with a tongue-in-cheek reply, «1,000 so then I have more to cure!»

Ratan Tata has bequeathed a lion's share of his total wealth, conservatively estimated at ₹3,800 crore, comprising ordinary and preference shares of Tata Sons and other assets, to Ratan Tata Endowment Foundation, a Section 8 company, and Ratan Tata Endowment Trust for philanthropic and charitable purposes. Tata left one-third of his other financial properties-which includes bank FDs, financial instruments, as well as physical assets like watches and paintings-estimated at ₹800 crore, to his half-sisters Shireen Jejeebhoy and Deanna Jejeebhoy, and another one-third to Mohini M Dutta, a former Tata Group employee who was close to the late industrialist. A share of the Juhu bungalow would go to his brother Jimmy Naval Tata, 82, and the sole living heir, while close friend Mehli Mistry would receive the Alibaug property and Tata's prized possession of three guns-including a .25 bore pistol. The executors of the will have filed a petition in the Bombay High Court for the probate of the final will, incorporating the fourth codicil, according to court papers ET has reviewed.

The BSE and National Stock Exchange (NSE) will suspend trading across equities, derivatives, currency markets, securities lending and borrowing (SLB), and electronic gold receipts (EGR) for the holiday on March 31. With markets already closed on Saturday (March 29) and Sunday (March 30), investors are advised to plan their trades accordingly.

Ramadan comes to an end, Muslims around the world prepare to bid farewell to this sacred month with Jamat-ul-Vida, the Friday before Eid al-Fitr. This day holds deep significance, marking the last congregational prayer of Ramadan and offering an opportunity for reflection, gratitude, and connection with family, friends, and the community.

Ramadan, marked by fasting, prayers and acts of charity is a period of seeking forgiveness and taking time to reflect. The day begins with getting up before sunrise, morning prayers, and eating a pre-dawn meal called sehri while in the evening, the fast is concluded with an evening meal called Iftar which often comprises dates, fruits and other food items. Eid al-Fitr this year will be celebrated on either Sunday, March 30, or Monday, March 31, depending on the sighting of the moon in different parts of the world. On this special day, Muslims gather for prayers, visit family and friends, exchange gifts, give to those in need, and enjoy festive meals together. As the Islamic calendar follows the lunar cycle, significant dates shift forward by approximately 11 days each year. The sighting of the crescent moon marks the end of Ramadan and the beginning of Eid celebrations.

cardiac arrest caused by the effects of ketamine. James Lee Williams, who went by the stage name The Vivienne, aged 32, was found unresponsive in the bathroom of their home near Chester on January 5. A post-mortem determined the cause of James’ cause of death as unnatural, and an inquest into the circumstances is scheduled for June 30. According to media reports, their manager and friend Simon Jones in a statement said that James’ family felt it was crucial to inform them how The Vivienne tragically passed away. Jones said that they hope that by releasing this information, they can raise awareness about the dangers of ongoing ketamine use and what it can do to one’s body.

At an event hosted by female-focused charity One Loud Voice on Tuesday 4 March ahead of International Women's Day, a panel including Octopus Money CEO Ruth Handcock, Consumer Duty Alliance CEO Keith Richards, Law Debenture CEO David Jackson and FTSE Women Leaders Review CEO Vivienne Artz, and chaired by presenter Luisa Baldini, broke down the systemic barriers for women adopting leadership roles. Handcock said that the overall systemic problem is that there are «so many adjustments that need to be made». A broken machine that ‘needs to be built by someone different' «I think of gend...

Subscribe to enjoy similar stories. If Elon Musk is to be believed, as per his post on X, we are "on the event horizon of the singularity". The event horizon is a boundary that marks the outer edge of black holes, the point from which nothing can escape – not even light.

Belle Gibson.

In her new role, Lamb will sit within the client office and will head up the marketing of funds in the asset management arm, the charities proposition, Greenbank and other services for the intermediary market. Based in London, Lamb will report to Iain Clark, head of marketing and client strategy for the firm. Lamb most recently held the role of demand generation director at BNY, where she was responsible for the strategy and execution of all paid media. Rathbones hit by £3.4bn Autumn Budget outflows but FUMA on the rise She also worked as a marketing consultant at BNY, leading t...

The promise is not new but it’s still hard to believe: 100% of profits from the sale of Newman’s Own foods, like salad dressings and popcorn, are donated to charity

Scott’s $16 billion (around Rs 1,36,000 crore) donation spree over the past five years has made headlines, but Musk isn’t entirely sold on her approach. In a recent social media post, Musk raised concerns about Scott’s focus on causes like racial equity and LGBTQ rights, suggesting that her efforts may be missing the mark on the world’s most urgent issues.