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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

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Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

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Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place

1

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

2

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

3

Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place

Product Red: Apple, Sprint get in on smart charity marketing

By
Jon Fortt
Jon Fortt
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By
Jon Fortt
Jon Fortt
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October 13, 2006, 3:02 AM ET
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Gapred_1

It’s a little odd that red is the color they picked here, because the neocons think Hollywood is full of commie liberals anyway. But no question, it’s a good cause – and folks like Gap are using it to refresh that old marketing genius.

Half the profit from Gap Product Red stuff (most of the detailing is red) will go to The Global Fund, which fights AIDS in Africa.

Sprint’s getting in on the action, with plans to sell a red MOTORAZR V3m – but the odd thing here is that the company’s press release doesn’t seem to say how much Sprint’s giving to The Global Fund when you buy a Red RAZR.

Clearly Sprint can’t be giving away half the profit on sales of the phone, because often there won’t be any immediate profit– U.S. carriers tend to subsidize the price of phones to get people to sign up for multi-month service contracts.


Redipod

Apple Computer’s being a lot clearer: It’ll donate $10 from the sale of each red iPod nano.

More on Product Red here.

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