Sweet Charity
Friday May 19, 9:07 pm ET
* D'Alelio: Gifts from partners at Putnam are turning a hospital wing into a home for teen mothers. DONNA DE CESARE
Compensation packages for senior executives keep getting more lucrative, especially at technology companies. But one hot new fringe can benefit others, too.
'Newly wealthy people often have no experience with charitable giving,' says Peter Karoff, founder of The Philanthropic Initiative (TPI), a nonprofit organization that advises individuals and foundations on charitable giving. TPI provides employer-paid or -subsidized one-on-one philanthropic counseling for employees at such companies as AOL and Putnam Investments. TPI helps individuals sort out what topics interest them and how they can make a difference."
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