By Shelley Emling International Herald Tribune
Published: August 18, 2006
LONDON The decision by Warren Buffett, the billionaire investor, to donate 85 percent of his fortune to charity has set the bar high for budding philanthropists.
The sheer size of the gift - some $31 billion - is likely to make altruistic investors around the world ponder the size and method of their charity. But giving money away isn't always as easy as it sounds, and there are a number of issues to consider - primarily, when, where and how.
Bruce Bickel, managing director of PNC Wealth Management in Pittsburgh, who advises 18 family foundations, said,
'It is not so much based upon 'when' as it is 'why.''