philanthropy

Former US President Barack Obama opened his presidential centre in Chicago, using the occasion to call for unity, urging Americans to reject division and invest in the next generation.

China has announced it will send a round of humanitarian aid to Lebanon and Iran and play an active role in fostering regional peace. The foreign ministry spokesman described Beijing as ‘deeply saddened’ by the humanitarian disaster.

NEW YORK — A nationwide network of charitable foundations is encouraging its members to emphasize their positive contributions to American life, a 250th anniversary campaign aimed at quelling what it calls the “greater intensity” of scrutiny felt from the federal government and populist movements.

Popular notions of philanthropy as merely a game for the ultrawealthy to fund partisan projects and commit fraud have left the sector vulnerable to political attacks, as the Council on Foundations sees it, influencing policies that hamper essential community services. The advocacy group, which represents about 1,000 nonprofits, hopes to overcome what CEO Kathleen Enright calls the sector’s “perception gap” with its “Generosity Builds” campaign, launched Monday.

Enright believes most Americans don’t recognize their reliance on the charitable sector. Just about 1 in 20 adults said they or anyone in their immediate family received nonprofit services in the past year, according to a 2023 Indiana University Lilly Family School of Philanthropy report.

“This week, I got an MRI at Georgetown University Hospital, I participated in my church at St. Columba’s, my daughter was inducted into National Junior Honor Society. Four or five nonprofits have been instrumental in my life this week,” she said. “Folks just aren’t putting that tag on it.”

And that tag is growing increasingly important, Enright said. Last year, negotiations over President Trump’s tax and spending bill included proposals to levy new taxes on private foundations that Enright said would have taken resources from communities if they made it into the final law.

The battle over defining what nonprofits actually do has recently been amplified from the highest rungs of the Trump administration, which has upended decades of partnerships built with nonprofits. Trump froze, cut or threatened a sweeping range of social service grants characterized by the White House as “government largesse that’s often riddled with corruption, waste, fraud, and abuse.” More recently, the Department of Justice charged the Southern Poverty Law Center — a civil rights nonprofit accused by Republicans of targeting conservatives in its work tracking extremists — with defrauding donors through payments to informants.

Vice President JD Vance described the Ford Foundation, the Gates Foundation and the Harvard University endowment as “cancers on American society” back as a 2021 U.S. Senate candidate, telling Tucker Carlson that “we are actively subsidizing the people who are destroying this country and they call it a charity.”

“All across our country, we have nonprofits — big foundations — that are effectively social-justice hedge funds,” he said in a talk that year on “woke capital.”

Narratives about nonprofits being “overly politicized” or wasteful are “extreme minority stories” that don’t reflect how philanthropy operates, according to Enright.

Across many surveys, trust in the nonprofit sector has remained higher than most others. But its impact is sometimes difficult to measure and explain. The sector hasn’t faced an environment this challenging in almost six decades, according to Kathryn Thomas, the vice president of communications for the Charles Stewart Mott Foundation in Flint, Michigan.

She cited the congressional effort to increases taxes on foundations’ investment incomes and acknowledged the Trump administration’s federal funding cuts.

“In an era when everything is under partisan attack and there’s so much polarization, we really have to do a better job of emphasizing why we exist,” Thomas said.

Enright said the story of philanthropy is not one where a rich person “saves the day.” She sees growing concerns about billionaires’ influence fueling suspicion about philanthropists’ motivations. Some argue the charitable sector allows moneyed interests to decide how tax dollars are spent rather than elected officials.

The campaign will emphasize that most donors “have just a little bit more than they need and therefore want to give back,” she said, especially at the local level.

“Money does not solve problems. It’s a tool that creative people and institutions inside communities use to solve problems,” she said. “The real heroes of most of these stories are nonprofit leaders, religious leaders, civic leaders who just roll up their sleeves and get something done — but do it with some financial underpinning by charitable foundations.”

That’s the story told by the Gulf Coast Community Foundation in Sarasota, Florida. A 10-apartment affordable housing complex for military veterans opened last year with the foundation’s support.

The area has an “embarrassingly high” number of veterans without housing, according to Jon Thaxton, the foundation’s director of policy and advocacy. Many are priced out in Sarasota, increasingly a luxury destination with high real estate prices.

Local donors had been trying to build a similar project when they approached the foundation in 2020 for help. Thaxton secured land already vested for affordable housing, corralled $2.2 million in donations, got $800,000 from the city and won the backing of their U.S. representatives.

The foundation’s leaders believe their track record made that possible. Phillip Lanham, the president and CEO, noted the project was completed across multiple election cycles and a pandemic, suggesting that community foundations are well situated to “play the long game.”

“Most people think that foundations like us deal with money and donors. We really don’t. We deal with relationships and trust,” Thaxton said. “That’s our commodity. That’s what we earn. That’s what we save. And that’s what we contribute back to the community.”

The Council on Foundations will also elevate examples of early, ordinary philanthropists as part of its case for philanthropy as an integral “part of the American story.” Enright credited a formerly enslaved man with donating land in North Carolina that became an African Methodist Episcopal church that endures as a pillar of the local community.

Lillian Kuri, the president and CEO of the Cleveland Foundation, welcomed the focus on everyday philanthropists. The Cleveland Foundation is considered the first community foundation, established in 1914 by lawyer Frederick Harris Goff as a way to fund durable change in the city.

The foundation aims to find new ways to expand today’s tent of philanthropists dedicated to improving their surrounding areas. It announced new investments this week in a fund dedicated to turn vacant industrial land into job-ready work sites. They’ve also launched a fund that allows donors to invest in major Northeast Ohio companies, supporting local business growth while that money increases into a sizable amount that can be donated to nonprofits.

“Generosity cuts across everybody,” she said, adding that community foundations offer “a way for everyday people — not just the largest, wealthiest people — to participate in the change they want to see in their communities.”

Pollard writes for the Associated Press.

Reed Hastings, who helped launched Netflix from a fledgling DVD mail-order business into a global streaming juggernaut, plans to exit the company after nearly three decades.

Hastings will leave the company he co-founded to focus on philanthropy and other efforts, the streaming company announced said Thursday.

Hastings, who serves as chairman of the Los Gatos company’s board, told Netflix he will not stand for reelection when his term expires in June, Netflix said in a letter to shareholders timed to its fiscal first-quarter earnings.

He said the commitment of Netflix Co-Chief Executives Ted Sarandos and Greg Peters was “so strong that I can now focus on new things.”

Peters described Hastings, 65, as the company’s “biggest champion,” and that he “is a part of our DNA.”

Sarandos called Hastings a “true history maker,” saying in a statement that Hastings’ “selfless, disciplined leadership style” will continue to shape Netflix’s path ahead.

Hastings’ exit was not unexpected as his role in the company diminished after he stepped aside as co-chief executive of Netflix in 2023.

During his tenure, Hastings oversaw the substantial growth of the streaming colossus. Today, Netflix has a market cap of about $455 billion, more than double that of the Walt Disney Co.

“My real contribution at Netflix wasn’t a single decision; it was a focus on member joy, building a culture that others could inherit and improve, and building a company that could be both beloved by members and wildly successful for generations to come,” Hastings said in a statement.

For the first quarter of 2026, Netflix reported nearly $12.3 billion of revenue, up 16% compared to the same time period a year ago. Operating income grew 18% to $3.9 billion for the three-month period ending March 31.

Both figures were ahead of the company’s guidance, a feat the streamer attributed to slightly higher than expected subscription revenue.

The company reported net income of $5.3 billion, up more than 80% compared to the $2.9 billion it recorded during the same period last year. Earnings per share was $1.23, up from 66 cents last year.

Netflix said it continues to expect 2026 revenue ranging from $50.7 billion to $51.7 billion, with an operating margin of 31.5%.

The earnings release and the Hastings announcement came after markets closed.

Netflix shares closed at $107.79, virtually unchanged. After hours, the shares dropped more than 8% to $98.26. They have climbed about 18% this year.

The Los Gatos-based company had previously secured an $82.7-billion deal to buy Warner Bros. studios and streaming services in December but it withdrew from the bidding war in late February after Paramount Skydance offered $31 a share. As part of the switch, Netflix was paid a $2.8-billion termination fee.

“Warner Bros. would have been a nice accelerant for our strategy, but only at the right price,” Netflix said in its investor letter. “We have multiple ways to achieve our goals (including producing, licensing, and partnering) and we’re constantly seeking to allocate our resources to the most attractive opportunities to maximize the value we are delivering to our members.”

Before Reed Hastings revolutionized the global entertainment business, he sold Rainbow vacuum cleaners door-to-door during his gap year between high school and Bowdoin College, where he earned his bachelor’s degree in mathematics.

During his sales pitch, Reed would first clean a homeowner’s carpet with their vacuum and then demonstrate how to clean using a Rainbow. The job helped hone his ability to understand customers, a core foundation of Netflix’s user-driven, candor-obsessed culture.

After Bowdoin and before he earned his master’s degree in computer science at Stanford, Hastings served in the Peace Corps (he also did a stint in the Marines) teaching high school math in Swaziland (now Eswatini).

“Once you have hitchhiked across Africa with ten bucks in your pocket, starting a business doesn’t seem too intimidating,” he told Time magazine.

While those experiences helped shape Hasting’s business sense, it was a late fee for a video that became the catalyst for launching Netflix, upending the way viewers consumed content and disrupting how Hollywood does business.

As the story goes, Hastings had misplaced a VHS tape of “Apollo 13” racking up a hefty $40 charge.

It was 1997 and his company Pure Software had just been acquired. It dawned on him that a gym membership offered a better business model, than the average video store — where you paid a set fee for the month and you could work out as much or as little as you liked. He thought, why not apply that to the movie rental business?

Netflix, began in Scotts Valley, Calif., as a mail-order business. Customers paid a tiered monthly fee to rent DVDs online which were delivered by mail.

The business exploded racking up millions of customers as it jettisoned the post office to an internet-based business. As the business accelerated across the world it also expanded, creating original content such as award-winning blockbusters such as “Stranger Things” and “House of Cards.”

The company’s innovation extended internally too. Hastings became known for implementing a unique and controversial culture of radical transparency, where employee evaluations are brutally candid and average performances can be grounds for termination.

The concept was a central theme of his 2020 book “No Rules Rules: Netflix and the Culture of Reinvention,” written with business professor Erin Meyer.

Times staff writers Meg James and Wendy Lee contributed to this report.