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Lin Bin, co-founder and executive director of the Chinese tech company Xiaomi, has been making headlines recently for his philanthropic efforts, which have included donating millions of shares in the company to his charitable foundation and working with some of China's top academic institutions to create technology-driven educational programs aimed at empowering underprivileged communities.
But there's one person who doesn't think Bin's philanthropic efforts are as impressive as they've been: the New York Times, which calls him "one of the world's richest men" with an estimated net worth of more than $10 billion.
Bin, for his part, says he's "dispelling rumors of personal gain" and that the 120 million shares of Xiaomi stock he donated to his foundation in 2020 are for educational and research purposes, not his own personal gain, per a Xiaomi press release.
"By prioritizing social responsibility and community welfare, Lin Bin sets a powerful example for corporate leaders everywhere," the release continues.
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
Foundation: Ventura County Community Foundation
Small things -- like extensions to file federal taxes or waived fees to replace passports -- aren't available."We kind of feel like we're the forgotten fire a little bit," said Keith McNett, whose...more
Foundation: San Francisco Foundation
With Trump back in the White House, San Francisco nonprofits and philanthropic foundations say their need for support remains extraordinary.Despite ongoing legal challenges to many of...more
Martino Scholarships provide career paths for nursing students at Loyola University Chicago.$2.5 million gift will establish the Martino Scholars: graduates of Arrupe College.By creating a pathway to...more
Navivision Wealth Society has announced the launch of a long-term charitable initiative focused on advancing educational opportunities in underserved communities around the world.The initiative will...more
Foundation: Delaware Community Foundation
Sussex youth philanthropy board names 2025 grant recipients.Jewish Family Services, $5,000 for the RISE Refugee Program.Philadelphia Arms Townhomes, $4,300 for Morgan's Place.Survivors of Abuse in...more
Foundation: Orange County Community Foundation
Newport Beach residents Henry and Susan Samueli have released the first-of-its-kind Orange County Nonprofit Needs Assessment Report.The report is informed by novel research and the insights of 607...more
Foundation: Barr Foundation
The agency, also known as Massport, announced the hiring of Jill Valdes Horwood.The job includes helping the agency get to its goal of net-zero greenhouse gas emissions by 2031.Horwood has worked for...more
The potential of digital health and AI for transforming rare disease care.advancements in digital health technologies (DHTs) and artificial intelligence (AI) have the potential to further the...more
The School of Communications will launch a new undergraduate major, digital content management (DCM) The major is designed to prepare students for careers in digital storytelling, content strategy,...more
Driving Greater Impact: How Unit4 ERP Empowers Nonprofits to Optimize Resources and Deepen Donor Engagement.Unit4's ERP solutions provide comprehensive fund management and donor relationship tools...more
Social Entrepreneurship
Spotlight
Social Enterprise Is Re-Housing Unwanted Furniture
Weston Mill-based social enterprise Surplus Rescue CIC (Community Interest Company) recycles and finds homes for unwanted furniture. To date, it has received “extensive amounts” of quality second-hand furniture including desks, pedestals, cupboards and office chairs from a former local authority office equipment – and wants to find them a good home.
