Forbes Daily: Cannabis World Has High Hopes For Trump’s Second Term
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As companies urge employees to stay silent on causes and keep politics out of the workplace, there’s one growing exception: charitable giving.
Workplace giving isn’t new, but as donations to United Way have declined, a new type of giving platform is emerging, enabling workers to choose where their money goes. And often, employers are matching those gifts 100%, too.
The main platform is Canadian fintech Benevity, which in 2023 processed $3.2 billion of donations to 265,000 unique causes, from workers at companies like Adobe, Cisco, Merck, Microsoft, Nike, UPS and Visa. Employees can deduct their contributions from their paycheck, make a credit card donation, or both.
Workplace giving still makes up a fraction of total contributions in the U.S., but it’s growing faster than other channels.
President-elect Donald Trump arrives to speak during an election night event at the Palm Beach Convention Center on November 6, 2024 in West Palm Beach, Florida.
President-elect Donald Trump threatened to impose a 100% tariff on BRICS nations—Brazil, Russia, India, China, South Africa, Iran, Egypt, Ethiopia and the United Arab Emirates. Brazilian President Inacio Luiz called on BRICS nations to develop an alternative to the dollar in foreign trade last year, arguing countries that don’t use the dollar shouldn’t be forced to trade with the currency.
MORE: Trump announced a string of appointments Saturday, including Kash Patel as his choice to lead the FBI, a controversial figure in his first administration who has remained close to Trump since he left office. He also selected Charles Kushner, the father of Trump’s son-in-law Jared Kushner, to be the U.S. ambassador to France.
John Ratcliffe, Trump’s pick for CIA director, shifted campaign funds to his own pocket after he stepped down from Congress, according to a Forbes analysis of FEC filings. First, he paid his wife, and apparently used campaign funds to promote his consulting business, though federal regulations explicitly prohibit candidates from using campaign money for personal expenses.
The secret sauce at private equity firm Lead Edge is its network—most of its $5 billion in assets comes from more than 700 individual investors. Crowdsourcing advice from this group is more work than answering to a smaller group, but founder Mitchell Green’s model is proving itself. Lead Edge targets annualized returns in the mid-20s in its funds, expecting to make two to five times its money on each investment over a span of three to seven years.
Indian billionaire Gautam Adani broke his silence Saturday after the U.S. Department of Justice accused him and Adani Group executives of........
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