Charity, Donation | featured news

A kid raised in a middle-class Boston suburb, Michael Bloomberg took out loans to pay for his tuition at Johns Hopkins University and worked as a parking lot attendant.

At the AfricaSan Conference in Kigali, Rwanda, the Bill & Melinda Gates Foundation announced $42 million in grants to encourage innovation in the capture, storage and repurposing of waste as an energy resource.

Massachusetts police are investigating the theft of about $15,000 worth of toys from a storage container holding donations to the "Toys for Tots" charity program, MyFoxBoston.com reports.

Australia and New Zealand shared first place, and the United States tied for fifth, in a first-of-its kind survey ranking 153 nations on the willingness of their citizens to donate time and money to charity.

More than three dozen of America's wealthiest individuals and families have joined Bill Gates and Warren Buffett in agreeing to give away at least half their fortunes to charity.

Warren Buffett has donated another $1.93 billion to five charitable foundations, the third-highest amount since the investor began donating 99 percent of his wealth in 2006.

The Bill and Melinda Gates Foundation sold off almost all of its pharmaceutical, biotechnology and health-care investments in the quarter ended June 30.

Microsoft founder Bill Gates said on Wednesday that billionaires ought to give away most of their wealth to charitable causes, and they would even find they enjoyed it.