Wednesday, June 13, 2007

Charitable Gifts Get Bigger as Wall Street's Profits Soar - News - CNBC.com

Charitable Gifts Get Bigger as Wall Street's Profits Soar - News - CNBC.com: "Philanthropy--once the province of 'old money,' or those who inherited their wealth--is increasingly being led by self-made millionaires and billionaires, according to CNBC's Mary Thompson.

And the size of gifts is getting bigger as Wall Street’s profits rise.

“It used to be that $10 million was considered a big gift,” says Stacy Palmer, editor of Chronicle of Philanthropy. “These days, you have to give at least $100 million to get noticed.”"

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