MacArthur Foundation
Coverage of MacArthur Foundation in the Nexus archive.
- Philanthropy’s best-kept secret: the more you have, the less you’re required to give
The 50 largest US private foundations hold over $535 billion collectively, facing a mandated minimum annual distribution of 5%, a requirement that remains untouched despite changes in tax law. New legislation, such as the One Big Beautiful Bill Act, has weakened several historical incentives for charity by introducing new floors and caps on deductions. Consequently, this structural payout requirement, rather than personal inclination, is becoming the central mechanism governing how capital moves in American philanthropy.
- Psychiatrist Robert Coles, Pulitzer Prize-winning author who championed needs of children, dies
Robert Coles, a Harvard psychiatrist and Pulitzer Prize-winning author who documented the challenges of children in poverty and segregation, died at 97. He authored the 'Children of Crisis' series and received the Presidential Medal of Freedom and a MacArthur Foundation grant for his work.