Monthly Archives: January 2013
January 10, 2013, 4:15 pm
Mike Rea, founder of Give2Asia, calls the 2004 Asian tsunamis the “first global disaster of our time.”
Now an employee of the Bill & Melinda Gates Foundation, Mr. Rea wanted to use the disaster’s 10th anniversary to investigate what had become of the millions of dollars his group contributed and the many people it aspired to help.
Then he learned that Hollywood was producing its own retrospective (of sorts) on the tsunamis. Even better, he thought, for educating people about a once-devastated land and ways to respond effectively in the wake of natural emergencies.
So Mr. Rea fast-tracked his plans for his “Tsunami Plus 10″ Project to coincide with last month’s release of The Impossible, a film starring Ewan McGregor and Naomi Watts.
Mr. Rea traveled to Sri Lanka in August where he filmed a “mini-documentary” called “To Sandy From Sri Lanka: Lessons in Diversified Disaster…
January 3, 2013, 4:51 pm
While the nation’s largest banks have used their charity to deflect criticism in the wake of the financial crisis, their actual philanthropic track record is “lackluster,” according to a new report from the National Committee for Responsive Philanthropy.
The report says that four banks’ corporate foundations — Bank of America, Goldman Sachs, JPMorgan Chase, and Wells Fargo — give only modest shares of annual corporate revenues to nonprofits. Bank of America gave a median of 0.15 percent over the last five years, while JPMorgan Chase gave 0.08 percent and Goldman Sachs, 0.03 percent, says the left-leaning watchdog group.
The median giving by corporate foundations in the financial industry, as a percentage of annual revenues, is 0.13 percent, according to data from the Committee Encouraging Corporate Philanthropy cited in the report.
The report also faults the banks for…