Friday, January 12, 2007

Having done well, rich look to do good - International Herald Tribune

Having done well, rich look to do good - International Herald Tribune: "It's getting intense,' said
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Berman, who holds a doctorate in English literature and once lived in Sweden deciphering Old Norse. Her 36th-floor corner office on Madison Avenue is piled so high with files and books that she can barely take in a view that includes a sliver of the East River. 'There's a lot of new wealth, and people are very focused on doing something with it while they are alive.'

Rockefeller Philanthropy Advisors, a nonprofit charity that was split off from the wealth management office of Rockefeller Financial Services five years ago, helped steer about $150 million to U.S. and international charities in 2006, twice the amount of 2002, said Berman, the chief executive. In 2007, Wall Street bankers and traders sharing more than $36 billion in bonuses may help drive the donations Berman's group advises on to $170 million or more, she said."

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