News

A Better Gala—Here’s How This Foundation Marked a Key Milestone

When David Callahan, Inside Philanthropy’s founder, was unable to attend the Pershing Square Foundation’s recent 10th-anniversary gala, he conscripted me to go in his stead. He told me the foundation, started by the hedge funder Bill Ackman and his wife Karen, is one of the more interesting new funders to emerge from the finance world … Continued

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Ackman, Counting Philanthropic Wins…

… Commitments have risen and fallen with his funds’ performance, but the foundation has pledged a total of about $400 million since inception and generated plenty of success stories that were shared at the group’s 10th anniversary celebration. Frederick Wiseman thanked Ackman for supporting his documentaries like the one on the New York Public Library … Continued

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Behavioral ‘nudges’ offer a cost-effective policy tool

Governments around the world have increasingly turned to behavioral science to help address various policy problems – new research shows that some of the best-known strategies derived from behavioral science, commonly referred to as ‘nudges,’ may be extremely cost effective. The new study, which examined the cost-effectiveness of nudges and typical intervention strategies like financial … Continued

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ACKMAN COMMITS NEW FUNDS FOR CANCER RESEARCH ON VACCINES, DRUGS

President Donald Trump’s 2018 budget isn’t kind to science funding, but Bill Ackman is. One day after Congress received the administration’s request to cut almost $6 billion from the National Institutes of Health, the hedge fund manager and his philanthropic team awarded six scientists $200,000 a year each, for up to three years. The fourth … Continued

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