Archive for the ‘charity’ Category

Can Bill Gates Help Africa Feed Itself?

September 26, 2008

By VIVIENNE WALT / PARIS

The global economy might be reeling from the shakeout on Wall Street, but two of the world’s richest businessmen are vowing to spend tens of millions of dollars more – not on bolstering their own companies, but in helping the world’s poorest. With Congress locked in talks over a mammoth bailout package, Bill Gates and Howard Buffett (Warren’s oldest son) announced at the United Nations on Wednesday that their private foundations will plow more than $75 million into helping small farmers in Africa and Latin America to sell their crops as food aid – a move which could potentially overhaul the decades-old – and often criticized – global food aid system.

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http://news.yahoo.com/s/time/
20080926/wl_time/canbillgateshelpafric
afeeditself;_ylt=ApHUu1wIyx9Gy6HcdK.mNmis0NUE

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Paris Hilton’s Potential $2.3 Billion Inheritance to Charity

December 27, 2007

By Michelle Nichols

NEW YORK (Reuters) – Hotel heiress Paris Hilton’s potential inheritance dramatically diminished after her grandfather Barron Hilton announced plans on Wednesday to donate 97 percent of his $2.3 billion fortune to charity.

Paris Hilton (L) and her sister Nicky pose at a promotional ...
Paris Hilton (L) and her sister Nicky pose at a promotional event for Japan’s fashion brand Samantha Thavasa’s handbags and accessories in Tokyo in this November 5, 2007 file photo. The Hilton sisters’ potential inheritance dramatically diminished after their grandfather Barron Hilton announced plans on December 26, 2007 to donate 97 percent of his $2.3 billion fortune to charity.(Kim Kyung-Hoon/Files/Reuters)
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That wealth includes $1.2 billion Barron Hilton stands to earn from both the recent sale of Hilton Hotels Corp. — started by his father Conrad in 1919 when he bought a small hotel in Cisco, Texas — and pending sale of the world’s biggest casino company, Harrah’s Entertainment Inc.

That money will be placed in a charitable trust that will eventually benefit the Conrad N. Hilton Foundation, raising its total value to about $4.5 billion, the foundation said in a statement.

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http://news.yahoo.com/s/nm/20071226/lf_nm_life/hilton_charity_dc;_ylt=
AuVkfdv5Dvro84Sgjt6rAr.s0NUE