Wednesday, May 02, 2007

Philanthropy On The Rise - News -

Philanthropy On The Rise - News - "A golden age of philanthropy is dawning.

With the stock market booming an the super-rich getting even richer, charitable organizations are already seeing a wave of new money. The trend was already apparent before Warren Buffet pledged 85% of his $44 billion fortune to charitable foundations - the bulk of it to the Bill & Melinda Gates Foundation.

While it is difficult to capture a completely accurate picture of charitable giving in the U.S., some of the segments commonly used by the wealthiest individuals such as donor-advised funds and private foundations are seeing an influx of new contributors.."

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