Financial News and Information from Financial News Online US: "Donors are giving record amounts but like to see their money used wisely
The sums being pledged to charity by wealthy individuals continue to break records, one year after Warren Buffett promised to give $43.5m (€31.8m) to the Bill and Melinda Gates Foundation.
But donors are increasingly keen to ensure their cash is spent wisely. New Philanthropy Capital, a charity consultant, said it should be viewed as investment from which society can get a decent return. Money should never be poured into a bottomless pit."
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