logo
Sara Lomelin

Sara Lomelin

Yahoo20-05-2025

Credit - Courtesy Bryan Patrick
Sara Lomelin runs the nonprofit Philanthropy Together to show that you don't need to be wealthy to be a philanthropist; you can participate in collective giving. Get some friends, neighbors, or other philanthropic-minded people to each kick in small amounts, then gather to decide where to donate the kitty. By pooling resources, you create a bigger impact.
'It's the multiplying effect of the dollars, the ideas and the volunteer hours,' says Lomelin, a former fundraiser for San Francisco's Latino Community Foundation who previously created the Latino Giving Circle Network, the largest network of Latinx philanthropists in the U.S. Lomelin then co-founded Philanthropy Together in 2020, with backing from the Gates Foundation, to help scale and strengthen the collective giving movement. The organization offers free training videos and webinars, and a searchable database of more than 4,000 circles looking for new members.
It's a movement that's gaining traction. Philanthropy Together's 2024 study found that collective giving has more than doubled since 2017, with more than 370,000 Americans now participating in giving circles, donating about $3.1 billion.
Write to Kim Clark at Kim_Clark@Moneymail.com.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

California woman thought she'd left a $5 tip until she saw it was $5,000 — and was told it couldn't be voided
California woman thought she'd left a $5 tip until she saw it was $5,000 — and was told it couldn't be voided

Yahoo

time13 minutes ago

  • Yahoo

California woman thought she'd left a $5 tip until she saw it was $5,000 — and was told it couldn't be voided

Americans have long grumbled about tipping culture — but now digital checkout screens are turning that frustration into full-blown financial disasters. Sometimes, the issue isn't just pressure to tip — it's how easy it is to make a costly mistake. One in five Americans say they've accidentally tipped more than intended on digital checkout screens, according to an exclusive Opinium poll for on tipping culture. Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how I'm 49 years old and have nothing saved for retirement — what should I do? Don't panic. Here are 5 of the easiest ways you can catch up (and fast) Nervous about the stock market in 2025? Find out how you can access this $1B private real estate fund (with as little as $10) That's exactly what happened to Linda Mathiesen. While buying CBD pain relief gel at a store in San Bruno, California, she accidentally tipped $5,000 on a $129.28 purchase. Mathiesen said she meant to leave a $5 tip, but the payment terminal didn't show a decimal point, so when she entered '5000,' the system took it — literally. At first, the clerk at San Bruno Exotic told her the charge couldn't be reversed. Then the story shifted — he claimed the shop never received the money. But Mathiesen's bank statement showed otherwise. 'I'm just livid because I'm like I'm not going to pay $5,000 for something I never intended to happen,' Mathiesen told ABC 7 News. For Mathiesen, a $5,000 tipping mistake wasn't just a moment of panic — it became a financial crisis. As a special education teacher living on a fixed income, she didn't have the cushion to absorb the hit. With no emergency savings to fall back on, the charge was devastating. And she's not alone. According to the U.S. News survey, 42% of Americans have no emergency savings, despite experts recommending three to six months' worth of expenses. Mathiesen contacted Wells Fargo within five minutes of the transaction, but says the bank has done little to help, despite its promise of 'zero liability protection' for promptly reported fraud. The bank's website says its 'built-in protection features ensure that you won't be held responsible for unauthorized transactions, as long as they're reported promptly.' Yet, a year later, Mathiesen is still fighting to get the charge reversed. "I busted out in tears,' she told ABC 7 News. "My son is graduating college next week ... and I can't even buy anything for him because I have $5,000 outstanding ... now it's $5,500!" Read more: Want an extra $1,300,000 when you retire? Dave Ramsey says — and that 'anyone' can do it Digital checkout screens may speed things up, but one wrong tap can turn a routine purchase into a nightmare. It happened to Vera Conner, too. The Georgia woman was ordering her usual No. 4 Italian sandwich at Subway — priced at $7.54 — when she accidentally left a $7,112.98 tip. Conner said she was entering her phone number for loyalty points when the screen suddenly flipped to the tipping prompt. Before she realized what had happened, the charge went through. After hours of calls with Subway and Bank of America, she eventually got the charge reversed — but not without major stress. If you ever find yourself in a similar situation, there are steps you can take: Act fast. Contact your bank or card provider as soon as the transaction posts. The faster you report it, the stronger your case. Most banks allow 60 days to dispute a charge, but don't wait that long. Document everything. Screenshot the receipt, the payment screen if you can and keep records of any communication with the merchant. These details help prove the error wasn't intentional. Know the fine print. Many banks offer protection against unauthorized transactions, but not all mistakes qualify. If you technically authorized the payment, even by accident, you may be out of luck unless the merchant agrees to reverse it. Build an emergency fund. It's not just for layoffs or medical bills. Sometimes it's for the unexpected stuff — like tipping $5,000 for a $129 product. Here are 5 'must have' items that Americans (almost) always overpay for — and very quickly regret. How many are hurting you? Rich, young Americans are ditching the stormy stock market — here are the alternative assets they're banking on instead Robert Kiyosaki warns of a 'Greater Depression' coming to the US — with millions of Americans going poor. But he says these 2 'easy-money' assets will bring in 'great wealth'. How to get in now This is how American car dealers use the '4-square method' to make big profits off you — and how you can ensure you pay a fair price for all your vehicle costs Like what you read? Join 200,000+ readers and get the best of Moneywise straight to your inbox every week. This article provides information only and should not be construed as advice. It is provided without warranty of any kind.

Social Security: Study shows where seniors could face longest drive times to offices
Social Security: Study shows where seniors could face longest drive times to offices

Yahoo

time16 minutes ago

  • Yahoo

Social Security: Study shows where seniors could face longest drive times to offices

(NewsNation) — A study published on May 27 found that 25% of the nation's population has over an hour-long drive to the nearest Social Security field office. A Center for Budget and Policy Priorities study showed that 13.5 million seniors are affected by the lack of closer field offices, with some being further away when factoring in traffic. The previously proposed phone cuts were stopped. However, if you don't pass the anti-fraud check, you will have to go to an office. It is estimated that these changes will require over 1.93 million additional trips to Social Security offices each year. The CBPP said that, without traffic, half of seniors are at least 33 minutes from a Social Security office. Family earning under $200K can only afford to live comfortably in 7 states: Report According to the CBPP study, in 31 states, more than 25% of seniors will face travel times of over one hour to get to a local Social Security office. In some less-populated states, this number jumps to over 40% of seniors who would need to drive more than an hour. Growing number of Americans say tipping culture is 'out of control' The states in that over 40% category include: Arkansas Iowa Maine Mississippi Montana Nebraska North Dakota South Dakota Vermont Wyoming There are other states where 25% to 39% of seniors would have to travel over an hour. Some of those states include Arizona, Idaho, Kentucky, Minnesota, New Hampshire, North Carolina, Oregon, Tennessee, Wisconsin and Virginia. The driving times listed in this study don't factor in how long it can take to get an appointment or the time spent waiting for that appointment to start, according to CBPP. Back in February, it was reported that there would be major cuts in Social Security. However, the Trump administration did limit what Elon Musk could accomplish in terms of firing federal employees in March. Social Security did say that it planned on cutting 7,000 employees at one point. Trump tax bill would add $2.4 trillion to the deficit over a decade: CBO It had been reported previously that the Department of Government Efficiency planned on closing some Social Security offices across the nation. However, at this point, that hasn't happened. The Social Security Administration also denied plans to close local field offices. The agency is already dealing with slower wait times. Online data from the SSA shows that only 43% of individuals are able to get a benefits appointment within 28 days. There have also been reports that the agency plans to add artificial intelligence to its phone systems. It is unclear how that could affect wait times. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Canadian metals industry warns of layoffs, lost sales due to new US tariffs
Canadian metals industry warns of layoffs, lost sales due to new US tariffs

Yahoo

time20 minutes ago

  • Yahoo

Canadian metals industry warns of layoffs, lost sales due to new US tariffs

(Corrects name of Marid industries in paragraph 6) By Divya Rajagopal TORONTO (Reuters) -Canadian companies and a major union said on Wednesday higher U.S. tariffs on steel and aluminum could result in more job losses and lost sales, as Prime Minister Mark Carney said Canada is preparing reprisals. The U.S. tariff hike on the two metals to 50% from the 25% rate introduced in March took effect at 12:01 a.m. (0401 GMT) on Wednesday. Canada is the largest seller of the metals to the U.S., exporting to its southern neighbor roughly twice as much aluminum as the rest of the top 10 exporters' volumes combined. "So this is going to have a very quick impact, I will say to you, on steel industry," said Lana Payne, president of Unifor, which is Canada's private sector union. The Aluminium Association of Canada, which counts Rio Tinto among its members, said 50% tariffs could result in its members diversifying to Europe. Tim Houtsma, CEO of Nova Scotia-based Marid Industries, a medium-scale steel fabricator, told Reuters that the tariffs make it impossible to sell to the United States. "We are going to tighten our belt and we are going to need to watch our cost because we are going to be shut out of the U.S. market for some period of time," Houtsma said. Canada is prepared to strike back against the United States if talks with Washington to remove tariffs do not succeed, Prime Minister Mark Carney said on Wednesday. "We are in intensive negotiations with the Americans, and, in parallel, preparing reprisals if those negotiations do not succeed," he told the House of Commons. Unifor called on Carney to retaliate immediately and urged Canada to pause exports of critical minerals to the United States. Hundreds of Canadian steel workers have lost their jobs since initial tariffs took effect. Unifor warned layoffs in the auto and aerospace industries could also occur. In March, Canada imposed 25% tariffs on C$29.8 billion ($21.79 billion) worth of imports from the U.S. Carney has said previously there is a limit to how far Canada can go in imposing tit-for-tat tariffs. Jeremy Flack, CEO of Flack Global Metals, a U.S.-based steel trader and manufacturer, said the tariffs have led to a pause of orders and reduced demand for steel. "We are not getting any orders. Volumes starting from February have begun to decline," Flack said. ($1 = 1.3674 Canadian dollars) (Additional reporting by David Ljunggren in Ottawa; Editing by Caroline Stauffer; Richard Chang, Andrea Ricci and Sandra Maler) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store