There is a philanthropic convergence at the head of this year's billionaires' list. Warren Buffett, who tops the rankings, has pledged to turn over most of his fortune to the charitable foundation hitherto funded by the fortune of the man he replaces at the top, William H. Gates III
This combination putsThey have the wealth to do so. And, pace Buffett, who is outsourcing the disposal of his money to Gates, they are still young enough to have the energy and fire to undertake such ambitious and challenging philanthropy. They work on a global scale and apply the skills and approaches of business to the work of doing good.
This is reflected in our list of the largest U.S. charitable donations by billionaires last year. It is dominated by gifts of at least $100 million for specific health and education objectives the pair at the forefront of a new wave of entrepreneurial philanthropists. They are eschewing traditional areas of giving such as the arts in favor of big global social issues, particularly poverty, health and education.
This combination putsThey have the wealth to do so. And, pace Buffett, who is outsourcing the disposal of his money to Gates, they are still young enough to have the energy and fire to undertake such ambitious and challenging philanthropy. They work on a global scale and apply the skills and approaches of business to the work of doing good.
This is reflected in our list of the largest U.S. charitable donations by billionaires last year. It is dominated by gifts of at least $100 million for specific health and education objectives the pair at the forefront of a new wave of entrepreneurial philanthropists. They are eschewing traditional areas of giving such as the arts in favor of big global social issues, particularly poverty, health and education.
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