HAVERHILL — Whittier Tech students are putting the “Wildcat Way” into action this holiday season through a large-scale community service effort that began with an idea from sophomore dental assisting students, according to school officials.
Wanting to make a positive impact, students proposed hosting a hygiene drive to support local families. Their instructors helped bring the idea to life: Dental assisting instructor Caitlin Deaveu connected with cosmetology instructor Nancy Calverley and the Interact Club to identify where the donations could be most helpful.
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The Philly Specials won’t record new holiday tunes this year, but the trio of current and former Eagles linemen is keeping their charitable Christmas spirit alive with a spinoff endeavor.
Jason Kelce, Jordan Mailata and Lane Johnson are selling gifts this year, including plush toys of their likenesses, greeting cards and box sets of the Philly Specials’ previously released albums. The proceeds benefit Philadelphia-area charities. Since 2022, sales of the albums and money earned from streaming has raised more than $10 million, which as been donated to over 75 charities in the region, including Children’s Hospital of Philadelphia and Children’s Crisis Treatment Center.
The plushies depict Kelce, Mailata and Johnson each wearing a green Christmas sweater with his jersey number on the front and last name embroidered on the back. They are sold in sets of three for $49. The box set with vinyl and CD copies of all three holiday albums along with Christmas magnets is $99.
The stuffed players sets are available for pre-sale and are expected to ship out Thanksgiving week. Other items can be purchased now on the Philly Specials website.
The Philly Specials have released three albums: “A Philly Special Christmas” in 2022, “A Philly Special Christmas Special” in 2023 and “A Philly Special Christmas Party” in 2024.
“Making music with my friends and donating to organizations committed to making the lives of Philadelphia families and students brighter during the holidays has been a highlight of the past three years,” Mailata said in a statement. “We are looking forward to bringing the joy back again this year with proceeds from the new plushies and a few other surprises.”
The trio became an unlikely music sensation during recent holiday seasons, and music legends like Stevie Nicks, Bon Jovi and Patti LaBelle have contributed to their Billboard-topping albums. They released their third and final album in November 2024.
On Thursday, the Philly Specials posted the first video of what will be a weekly Instagram series that reflects on their journey to musical stardom. It all began with a locker room conversation between Kelce and another former Eagles player, Connor Barwin, now the team’s head of football development and strategy, they say.
“We were just hoping to raise some money,” Kelce says in the video. “We had no idea what the expectation was. We just wanted to have fun.”
After Black Friday’s record-breaker for online sales, there’s hope that the holiday haul for nonprofits will also be generous on Giving Tuesday, and throughout the year-end charitable giving season.
That would be a welcome development for charities that have been burned by inflation and experienced an overall drop in donations last year, experts say.
When it comes to managing your taxes, where you fall in one of the seven progressive tax brackets is the key to understanding how much you’re going to end up paying when you file your return.
You can pay no attention to this at all, and just let your tax preparer or software figure out the math for you. Or you can delve into the details and potentially reduce the amount you owe.
A progressive tax system means you don’t pay the top rate on your whole income. Instead, you pay the rates for each band in a row as you go up the income ladder. If your taxable income as a single filer is $11,600 in 2024, you’ll pay 10% on the entire amount. Anything above that, and you pay the 10% tax on that first chunk, and then add each additional band on top of it.
Next year, for instance, if you have taxable income of more than $609,350, that puts you in the 37% bracket. You’ll pay $183,647.25 — the stacked combination of the 10%, 12%, 22%, 24%, 32% and 35% brackets — plus 37% of the excess over $609,350.
To figure out where you fall on the spectrum, you just need to estimate your 2024 taxable income or extrapolate from your previous tax returns. You can see the full tax-bracket charts here.
This may seem like just a curiosity for those with straightforward income, but you’ll need to pay close attention if you’re planning any atypical financial moves, such as a retirement, a conversion from a 401(k) to a Roth IRA or the sale of a business or significant piece of property.
“Everyone seems to care about tax brackets,” says Sri Reddy, the senior vice president of retirement and income solutions at Principal Financial Group. “But I wouldn’t tell you to worry about it. You should make as much money as you want, because you get to keep some portion of it. I’d just rather have you have an awareness of what it might mean to you.”
Here’s where tax-bracket management matters most:
Retirement savings
You can know your tax bracket now, but you don’t know what it will be in the future. Your retirement savings are stuck in the middle.
Should you pay tax on your retirement savings now and save in a Roth IRA or Roth 401(k), so the growth is tax-free after you’re 59½? Or should you save in tax-deferred accounts and pay tax down the road when you spend the money — or are forced to withdraw it yearly for required minimum distributions? And if you do this, at some point do you want to convert some of those funds to Roth, pay the tax and then let the funds grow tax-free into the future?
“If you’re in a high tax bracket now, doing a Roth contribution to your 401(k) makes no fiscal sense,” says Chris Chen, a Boston-based certified financial planner who runs Insight Financial Strategists.
Chen recently advised a couple in their 50s who wanted to shift all of their 401(k) contributions from tax-deferred accounts to Roth to save the hassle of converting the funds later. The challenge is they are currently in the 35% tax bracket, and must also pay Massachusetts’ 5% state income tax. They plan to retire early, at which point they’ll probably drop to the 12% bracket.
“So putting money in Roth now does not make sense from a tax standpoint,” says Chen. “They got persuaded to continue putting money into a traditional 401(k), and they deferred the Roth idea to later.”
Roth conversions
When you do come to the Roth conversion stage, you’ll need to look even closer at your tax bracket so that you can see how much income you can add without pushing into the next level. It’s a particularly steep increase from the 12% bracket to the 22% bracket, and then from the 24% bracket to the 32% bracket.
“You have to see at what point is it too painful to pay the tax,” says Ryan Losi, a CPA and executive vice president at PIASCIK, based in Glen Allen, Va. “We don’t want to go up to 32% or 35%, because that’s too big a payment.”
For example, if your taxable income for 2024 is going to be $80,000 as a married couple, you’d be in the 12% bracket. If you plan to convert $20,000 from your 401(k) or IRA to Roth, that pushes you over the $94,300 limit, and $5,700 would be taxable at 22%, to the tune of $1,254. So perhaps you’d want to only convert $14,000 instead, and by controlling the size of the conversion, you can minimize your tax liability.
You can do some of this tax-bracket management on the income side as well, Reddy says. You can employ a bunching strategy, meaning you make all your stock sales that would cause capital gains in one year and avoid transactions the following year. Or you might be due a lump-sum payment for disability or severance or from an annuity, and you can spread it out instead. “This is where awareness is important,” says Reddy.
Charitable giving
Bunching strategies also are helpful with charitable giving. Losi’s high-income clients are big users of donor-advised funds, which are charitable accounts that allow donors to take a deduction the year they deposit the funds and then distribute them later. “Clients will call and ask me, ‘What do I need to contribute this year to get me out of the 37% bracket?’” Losi says.
This works with the lower brackets, too, not just among the rich. If you’re in a high-tax state or paying a mortgage, it might benefit you to see where you are in your tax bracket. If you make a charitable donation of even a few hundred dollars, it could make sense for you to itemize instead of taking the standard deduction, and that extra amount could push you into a lower bracket.
Business owners and QBI
Business owners and sole practitioners are the ones who pay the most attention to their tax brackets, Losi says, especially because of the qualified business income deduction that can reduce taxes on business income by up to 20%. The rules are complicated, and it takes a lot to manage not only where you fall in the brackets, but also the phase-outs for specific trades.
For these taxpayers, it may make sense to try to get paid less by clients in a certain calendar year, and pay themselves more.
“You can invoice, but tell clients to hold off on payment,” Losi says. “You can accelerate deductions. You can deduct 100% of capital spent for automobiles, desks, chairs — everything [a business] needs to run.”
Losi also encourages business owners to pay themselves a healthy salary, which can reduce business income, and then set up solo qualified plans and cash-balance pension plans to put that money away pretax. “Heck yeah, cash-balance pension plans,” Losi says. “I’m the trustee of ours.”
A nascent category of mental health treatments is getting a major cash infusion.
Blake Mycoskie, founder of the canvas-footwear phenomenon TOMS Shoes, has committed to giving $100 million to support psychedelic research and access, Mycoskie told MarketWatch in an exclusive interview. The money will help fund academic institutions investigating psychedelics’ potential to treat anxiety, depression, post-traumatic stress disorder and other mental-health issues, as well as nonprofits helping to connect patients in need with psychedelic treatments.
Traditional psychedelics include hallucinogens like LSD and psilocybin, or “magic” mushrooms–recently legalized in Oregon and Colorado. Other drugs that can alter mood and perception–such as ketamine and MDMA, also known as ecstasy–aren’t classical psychedelics but are broadly included in the research and policy discussions generating a surge of interest in this class of treatments. The U.S. Food and Drug Administration, for example, has granted psilocybin and MDMA “breakthrough therapy” status, a designation designed to expedite development and review of drugs for serious conditions, and could approve MDMA for treatment of PTSD as soon as next year.
Given the rapid developments in the field, ”we really need to get this right, and we really need to have these foundations and nonprofits funded properly,” therapists trained, and clinics open and running smoothly, Mycoskie said. “I felt a real sense of urgency,” he said, and asked his wealth manager, “what’s the most that I can give?”
The $100 million answer to that question amounts to about a quarter of Mycoskie’s net worth and marks a major milestone in psychedelics’ delicate image transformation. Shedding some of their dangerous-party-drug reputation, psychedelics are gaining attention from top pharmacologists, the scientific community, biotech companies and investors who see them as a critical part of the solution to America’s mental health crisis.
Cracked open
Mycoskie, 46, said his interest in psychedelics dates back to 2017, when a friend returning from a trip to Central America described his incredible experience with ayahuasca, a plant-based psychedelic brewed into a tea. As an entrepreneur under intense pressure to perform, Mycoskie said, he decided to try it for himself. The experience “cracked me open, and it connected me more to my faith in God, made me feel that we were all connected and everything was fine and perfect,” he said. “I came back just feeling like, wow, that was more powerful than any therapy I’d ever done.” He later tried MDMA-assisted therapy, he said, which also helped him process issues that traditional talk therapy had left unresolved.
Realizing how many people could benefit from similar treatments, Mycoskie started giving money to academic groups and the Multidisciplinary Association for Psychedelic Studies, or MAPS, a nonprofit organization. He also got involved in last year’s Colorado ballot initiative, which legalized psilocybin and several other psychedelic substances, including ibogaine, which has shown potential to treat substance-use disorders. Mycoskie has already given about $10 million to psychedelic research and access, he said, and plans to give about $5 million annually for 18 more years.
Mycoskie was a bit squeamish at first, he acknowledges, about publicly backing research on drugs that are largely illegal. “Am I going to get held up at TSA every time I go through the airport?” he remembers thinking. The U.S. Drug Enforcement Administration categorizes LSD and MDMA alongside heroin as “schedule one” drugs, defined as “drugs with no currently accepted medical use and a high potential for abuse.” But with growing public awareness and acceptance of the drugs’ potential as mental-health treatments, he said, he felt emboldened to make a big public commitment, and “the research has caught up,” he said. “It’s important that people like myself put their name out there and their money out there to show that this really is a path forward,” he said.
Mycoskie’s $100 million commitment “is the biggest that we’ve ever seen in the psychedelics space,” said Joe Green, president of the Psychedelic Science Funders Collaborative, a nonprofit supporting philanthropy in the field, and a MAPS board member. Now that research has made great strides to support use of the medicines as mental-health treatments, that money can help ensure that “these actually come to the world in a safe and beneficial way,” Green said. With certain treatments legalized in Oregon and Colorado, for example, “the system requires licensed guides, facilitators, licensed service centers,” he said. “It’s not like cannabis medical–you won’t be able to take the mushrooms outside the service center.”
Psychedelic therapeutics market could be worth more than $8.3 billion by 2028
Mycoskie plans to publicize his pledge at the Multidisciplinary Association for Psychedelic Studies’ psychedelic science conference–billed as “the largest psychedelic conference in history”–this week in Denver. On the agenda: Sessions ranging from state policy and regulatory considerations to clinical trials of psilocybin- and MDMA-assisted therapy and “sex and psychedelics: weaving altered states for healing and pleasure.”
The news comes as lawmakers on both sides of the aisle are pushing for new funding for research into the use of psychedelics to treat PTSD in military service members as part of the fiscal year 2024 National Defense Authorization Act, which the House Armed Services Committee will consider Wednesday.
Already, public companies like Atai Life Sciences ATAI, -6.91%,
Compass Pathways CMPS, -3.37%
and Cybin CYBN, +6.81%
are developing therapies based on psychedelic substances. The psychedelic therapeutics market could be worth more than $8.3 billion by 2028, according to InsightAce Analytic. Even the federal government is throwing money at this niche, funding efforts to develop psychedelic mental-health treatments without the hallucinogenic side effects.
More than one in five U.S. adults live with a mental illness, according to the National Institute of Mental Health, and less than half of the roughly 58 million adults with any mental illness are receiving treatment. Suicide rates, which have been on a long upward trajectory, declined briefly between 2018 and 2020 before returning to peak levels in 2021, according to the Centers for Disease Control and Prevention. Nine out of 10 U.S. adults believe the country is suffering a mental health crisis, according to a survey last year by CNN and KFF, a health policy nonprofit. And commonly prescribed antidepressants, such as selective serotonin reuptake inhibitors (SSRIs) don’t work well for many patients.
Nushama, a New York City wellness center offering ketamine-based therapy.
Courtesy of Nushama and Costas Picadas
Mental illness “is truly an epidemic, and we are losing the fight,” said Dylan Beynon, CEO and founder of Mindbloom, which offers a telehealth ketamine treatment program. While there are some existing solutions that are helping to bend the curve, he said, more research and educational support for providers and patients is needed, he said.
Indeed, some substantial hurdles still separate psychedelic mental-health treatments from many of the patients they might benefit, including a lack of insurance coverage for the currently legal treatments and debate over how to administer them safely. In the case of ketamine, for example, which is FDA-approved as an anesthetic and used off-label as a mental-health treatment, some providers favor in-person guided sessions while others, like Beynon, advocate for telehealth prescribing–a model that boomed during the pandemic.
Some experts have lately warned that the practice of psychedelic medicine may be getting ahead of the science. Given the growing public and commercial interest, “there is the risk that use of psychedelics for purported clinical goals may outpace evidence-based research and regulatory approval,” the American Psychiatric Association said last year in a position statement on psychedelic and “empathogenic” agents–a category that includes MDMA.
Mycoskie has also made some investments in the psychedelics space, although he said profits aren’t his motivation. He has invested in Mind Medicine Inc. MNMD, -0.50%,
which says it is developing “psychedelic inspired medicines” that aim to treat the underlying causes of distress in the brain. And Mycoskie helped fund a public benefit corporation linked with MAPS, which is taking MDMA through the FDA approval process–an investment that will pay dividends when the treatment is commercialized, he said.
Providers currently offering ketamine treatments say they’re eager to expand into MDMA and other therapies in the category as soon as they’re legal. Mindbloom, for example, currently offers a ketamine treatment program that’s available through telehealth in several dozen states and aims to start offering MDMA-assisted therapy late next year after FDA approval is finalized, Beynon said. Psilocybin-assisted therapy could come a couple of years after that, he said.
Nushama, a New York City psychedelic wellness center that offers ketamine-based therapy, delivered through in-person IV infusions, also hopes to expand into MDMA when it’s approved, said co-founder Jay Godfrey.
Treatment without the trip
Still on the horizon: New treatments that could produce psychedelic medicines’ mental-health benefits without the trip. University of North Carolina School of Medicine pharmacology professor Dr. Bryan Roth is leading an effort to create new medications for depression, anxiety and substance abuse that work similarly to psychedelics but without the hallucinogenic, disorienting side effects. His effort is backed by a $27-million grant from the Defense Advanced Research Projects Agency. Such treatments, Roth said, could help the many patients for whom such psychedelic effects are unappealing or ill-advised–such as military service members. “You would never want to give psilocybin or ketamine to somebody who has a gun,” Roth said.
Having worked with Vietnam veterans suffering from PTSD while training as a psychiatrist earlier in his career, Roth said, he’s keenly aware of the need for safe and effective treatments. “There was nothing we could give them for their symptoms,” he said. “The most we could do was give them medications to stop their ability to have dreams, so they wouldn’t have nightmares. That was basically it.”
“Undoing 52 years of propaganda is a heavy lift,” said Nushama co-founder Jay Godfrey.
Costas Picadas
Roth’s team has already developed compounds that have shown antidepressant effects without psychedelic side effects in mice, he said. The team is now working to find a clinical candidate suitable for testing in humans, he said.
Treatments that can help “break bad emotional or psychological patterns without scary, high-friction psychedelic experiences would be a great thing for patients, providers and the healthcare system,” said Mindbloom’s Beynon.
Much more remains to be done to reduce the stigma associated with psychedelics, experts say. It has been 52 years since President Richard Nixon declared drug abuse “public enemy number one,” and billions of dollars have been spent since then telling people that “these medicines are dangerous, that they’re addictive, and that they’ll fry your brains,” Godfrey said. “Undoing 52 years of propaganda is a heavy lift, but one thing I’m optimistic about is that the outcomes are starting to speak for themselves.”
Former President Donald Trump said Thursday he’s been indicted in the federal investigation into classified documents in his possession, and has been summoned to appear in federal court in Miami on Tuesday.
In a pair of posts late Thursday on his Truth Social platform, Trump said he was informed of the indictment by his attorneys. Shortly after, Trump sent a fundraising email to supporters, calling the investigation “witch hunt.”
There was no immediate confirmation from the U.S. Justice Department. The New York Times and Washington Post, among other media outlets, confirmed the indictment, citing unnamed sources.
In a four-minute video posted on Truth Social on Thursday night, Trump claimed “the whole thing is a hoax” and said “I’m an innocent man.” Later, during an interview on Fox News, Trump said he plans on pleading not guilty, “of course.”
The indictment is reportedly under seal and the exact charges are not yet clear. But Trump attorney James Trusty, appearing Thursday night on CNN’s “Anderson Cooper 360,” said Trump faces at least seven charges, including an Espionage Act charge — which he called “ludicrous”” — willful retention of documents, “several obstruction-based-type charges” and making false statements.
Reports this week had indicated an indictment was looming. On Wednesday, it was revealed that Trump was being investigated by a federal grand jury in Florida, in addition to one in Washington. That likely indicated Florida was a more appropriate venue for the charges, experts told the Associated Press.
Several media outlets had also reported Trump’s attorneys had been issued a target letter, which often precedes an indictment.
The investigation has centered around classified documents that were wrongly in Trump’s possession after he left office. After returning some documents to the National Archives, the FBI raided Trump’s Mar-a-Lago estate in Florida last year and recovered more than 100 additional documents that had been marked classified.
Special counsel Jack Smith has been leading the documents investigation, as well as a separate investigation into Trump’s efforts to overturn the results of the 2020 election.
In April, Trump — who was the first president to be impeached twice — became the first former president to be indicted, and pleaded not guilty in Manhattan court to 34 felony charges of falsifying records to cover up hush-money payments. He would also be the first former president to face federal charges.
Being indicted would not disqualify Trump, who has already entered the 2024 presidential race, from running for office. “Probably it will enhance my numbers,” Trump said of an indictment earlier this year.
NEW YORK (AP) — Prince Harry and his wife Meghan were involved in a car chase while being followed by photographers following a charity event in New York, the couple’s office said Wednesday.
The pair, together with Meghan’s mother, were followed for more than two hours by a half-dozen vehicles with blacked out windows after leaving the event.
Their office said in a statement that the chase “resulted in multiple near collisions involving other drivers on the road, pedestrians and two NYPD officers.” It called the incident “near catastrophic.”
“While being a public figure comes with a level of interest from the public, it should never come at the cost of anyone’s safety,” the statement from the couple said.
The panel responsible for the nation’s first state-level exploration of reparations for Black Americans discussed an important question this weekend: How will the state pay for reparations?
The California reparations task force listened to testimony from experts who suggested possible sources for compensation, after previous meetings had touched on the potential for hundreds of thousands of dollars in monetary reparations for specific harms. The experts’ suggestions included taxing the rich, such as through a state estate tax or a “mansion tax”; incentivizing the wealthy to help fund reparations by providing tax breaks, akin to how charitable giving minimizes one’s tax burden; or helping all taxpayers with below-median wealth by means of a tax credit, which would in turn help Black households.
Suggestions from the expert testimony, given at the task force’s meeting at San Diego State University on Friday, could be incorporated into the body’s final recommendations to the state legislature, which are due this summer.
“This is incredibly insightful and provocative,” said Lisa Holder, a task force member. “It gives us lots to think about.”
The experts’ suggestions about possible sources of funding were based on their testimony that current U.S. tax laws favor the wealthy — who are most likely to be white.
“Our tax laws as written have a disparate impact,” said Dorothy Brown, a tax professor at Georgetown Law and author of the book, “The Whiteness of Wealth: How the Tax System Impoverishes Black Americans and How We Can Fix It.” She said “Black people are likely to pay higher taxes” because they are less likely to gain access to the same tax breaks as their white peers.
Brown said what would be ideal is a reparations tax credit designed to compensate Black taxpayers, but she thinks it would face legal challenges. So she said the next best thing would be “a wealth tax credit applicable to all taxpayers in households with below-median wealth.”
“Given the racial wealth disparity, this will result in a disproportionate percentage of Black households receiving the credit,” she testified
A pair of estate planners who testified introduced the idea of taxing “swollen” wealth to replace “stolen” wealth, and showed that the racial wealth gap widened after 1981 — when the biggest tax cut in American history was enacted. They cited Federal Reserve figures from 2019 that showed the average white household had $812,000 more wealth than the average Black household.
One of their suggestions for sources of money for reparations is a state estate tax. (Under federal law, the lifetime estate-tax exemption is $12.9 million for individuals this year.) Their other suggestions include: a mansion tax, a graduated-property tax — which they acknowledged may not be likely in California because Proposition 13 taxes properties based on their value when they were sold — or even a tax on the fledgling “metaverse.”
Sarah Moore Johnson, founding partner at Washington, D.C.-based Birchstone Moore, is one of the estate planners who testified. She proposed a state-sponsored reparations tax fund that could receive charitable contributions.
“Charitable contributions are currently permitted to the state or federal government, but only for public purposes,” she said. “If racial repair is recognized as a public purpose,” it could be tax-deductible in the same manner as charitable contributions, she said.
Acknowledging that the idea of reparations continues to be controversial, task force member state Sen. Steven Bradford asked the experts whether they think wealthy people, like their clients, would be opposed to such ideas.
“What I hear from my clients is a level of guilt about being able to give this much money to their heirs,” Moore Johnson said. “From where I sit and what I see, I see some support.”
Raymond Odom, an estate-tax lawyer and director of Wealth Transfer Services at Northern Trust in Chicago who co-presented with Moore Johnson, echoed that sentiment.
Odom said he has helped “wealth get concentrated” for decades, and how that happens is through very wealthy people setting up foundations and charities that allow them to avoid taxes. “It’s a joy being able to talk to people who could change that,” he said, adding that he has “talked to wealthy white folks who are behind this.”
“I can tell you unequivocally: Very wealthy people have lots of trouble figuring out what to do with their wealth,” Odom told the task force.
Addressing the possibility of relying on charitable sources, task force member Don Tamaki said, “I can’t argue with the fact that charity is not reparations. But in my humble opinion, we need to explore every avenue of funding.”
Wherever any possible compensation comes from, Brown, the tax professor and author, had two key suggestions for the task force. First, she said reparations should not be treated as taxable income, citing precedent such as tax-free treatment of Holocaust payments, and Japanese-Americans who received compensation because of their mass incarceration during World War II. And her second suggestion was that Black Americans should not have to pay for their own reparations, which she said “would be entirely inconsistent with the intent and spirit of the task force’s goals.”
The nine-member task force, established by a 2020 law and responsible for studying and developing reparations for Black Americans because of slavery, released a preliminary report last year. It is set to disband when it submits its final report and recommendations to the state legislature by its July 1 deadline, but on Saturday the task force voted to remain intact for another year — until July 1, 2024 — to help with the implementation of its proposals, despite questions from some of its members about whether it had the authority to decide to do so.
The task force also voted to change the dates of its next meeting, which was previously scheduled for the end of February. In what could be the final in-person meeting before the report is due will be held March 3 and 4 in Sacramento.
The holidays are a time for relaxing, seeing loved ones, and creating memories. But they’re also that inspiring time of year to extend comfort to those less fortunate and offer a chance to help charities truly achieve their missions.
No matter how you choose to contribute, every little bit goes a long way. Whether you’d prefer to help locally or on a global scale this year, we have some ideas about which organizations to look towards this year.
Here are 3 ways to give back this holiday season:
1. Donate to your local charity thrift store
Instead of throwing away your old things, why not donate them instead? Let’s be honest, most of the stuff we end up getting rid of is perfectly functional. We might not need it anymore because it doesn’t fit or we’ve acquired more than we know what to do with. Charity thrift shops, such as Salvation Army stores, are a great way to help your communities and support a charity simultaneously.
Sadly, not everyone can afford a groaning table this holiday season. As the largest hunger-relief organization in the United States, Feeding America’s mission is to ensure everyone has access to nutritious food.
They partner with farmers, manufacturers, retailers, food banks, local food programs, and policymakers to bring food to people in need while advocating for policies that create long-term solutions to hunger. You can donate directly on their website
3. Give back on a global scale with the GOAL Mile
GOAL is an international humanitarian crisis response charity originally established over 45 years ago in Ireland. Over 3,500 GOAL team members work in high-risk places around the world that are in conflict. They’ve responded to crises such as the genocide of Rwanda, Hurricane Mitch which devastated Honduras, the tsunami in Southeast Asia, the earthquake Haiti, the war in Syria, the COVID pandemic and are currently responding to the needs of IDPs (internally displaced people) fleeing Ukraine.
You’re probably wondering, how can I help GOAL this holiday season? By participating in their exhilarating global event, the GOAL Mile, which runs annually through the month of December. This year, the GOAL Mile is celebrating its 40th anniversary. The idea is that a small action can have a big impact globally, such as walking or running one mile locally.
Funds raised from the GOAL Mile are channeled into helping people whose lives and livelihoods have been shattered by conflict, disease, and climate change. You can participate virtually by walking, jogging or running a mile (just 2,000 steps!) and making a donation to GOAL, or become an organizer and bring your community together.
If you want to become an organizer, you select a venue, set a course route, and ask your community to help promote your GOAL Mile and collect donations. It’s a super fun way to get the kids involved! Or you can register and do your virtual GOAL Mile individually.
No matter how you choose to help this holiday season, whether it’s by campaigning or making donations, it feels fantastic to help charities around the world to make a difference and achieve their missions.
Sam Bankman-Fried opened up his wallet to Washington in a big way during the 2022 election cycle, donating about $40 million publicly.
So which politicians got money from the founder and former CEO of collapsed cryptocurrency exchange FTX?
MarketWatch has compiled an interactive list below of the candidates and committees who received funds from Bankman-Fried based on the latest disclosures to the Federal Election Commission.
Overall, he gave almost all of the $40 million to Democratic politicians or groups, and just over $200,000 to Republicans, according to the disclosures.
At least two Democratic senators received over $20,000 each from Bankman-Fried through joint political action committees tied to their candidacies. Those are Michigan’s Debbie Stabenow and New Hampshire’s Maggie Hassan. New York Democratic Sen. Kirsten Gillibrand got at least $10,000. Gillibrand is the co-sponsor of a crypto bill that would have the Commodity Futures Trading Commission oversee bitcoin, ether and most other digital assets and give a secondary regulatory role to the Securities and Exchange Commission.
In the wake of FTX’s collapse, politicians have been saying they will donate or have donated the money that they received from SBF to charities or other groups, or they’re giving it back.
Gillibrand spokesman Evan Lukaske said the senator donated her funds to Ariva Inc., a Bronx-based nonprofit that offers free financial counseling. Stabenow, whose own bill empowering the CFTC to regulate crypto was backed by Bankman-Fried, plans to donate the contributions to a local charity. A representative for Sen. Hassan did not respond to requests for comment.
Another FTX exec, Ryan Salame, became known as a Republican megadonor earlier this year, with a MarketWatch analysis in October finding that he publicly gave about $17 million to GOP groups.
Use our interactive below to search through donations as reported to the FEC.
PALM SPRINGS, Calif., May 28, 2019 (Newswire.com)
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