Veterans groups get little of America’s giving

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Veteran charities are highly visible but get less than 1 percent of U.S. giving

Top 10 recipients captured 85 percent of 2024’s growth to $4 billion, while older membership groups closed.

Anthropic expands AI support for nonprofits

The move comes as Anthropic files to sell shares to the public. Open access

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Open access stories are free to read thanks to funding by the Lilly Endowment.

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What we're reading

Anthropic’s seven co-founders pledged to give at least 80 percent of their shares to charity. But now that the company is going public, likely later next month, that presents a problem. If they all sold their shares at once, the stock price could fall. In the group’s filing for its initial public offering that was made public on Monday, the company says that pledge is not legally binding. It also indicates that if the co-founders do choose to fulfill that pledge, they can do so through different types of giving vehicles, including donor-advised funds and foundations. The filing also revealed that the company spent $541 million matching charitable donations for its staff last year — 4 percent of its operating expenses. (Wall Street Journal)

→ Plus: Opinion: In nearly 2 decades of leading philanthropy at the Milken Institute, I’ve never seen a tidal wave like the one that’s coming (Fortune)

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Billionaires can’t fill the $50 billion foreign-aid gap. The World Bank wants to make their money go further (Fortune)

The network of rich European families investing to change the system (Financial Times)

$42 million Purdue donor wants support for Black and Hispanic students (Lafayette Journal & Courier)

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