Friday, March 24, 2006 U.S.-Wall Street Profit Fuels Philanthropy Surge: Naming a Preschool

You may also want to take a look at the accompanying media on demand files Links are on the page with the storie

Audio Listen
Listen Chronicle of Philanthropy's Palmer: Charitable Giving
Listen New York University's Levine: Philanthropy, Fundraising U.S.: "New York, where Wall Street's profits are fueling wealth beyond the ranks of brokers and traders, is seeing a new wave of patrons eager to join the likes of the Carnegies and Rockefellers. They're writing checks -- and attaching their names to everything from preschools to park benches. Just this week, Columbia University and New York University each announced $200 million gifts.

``The economy is strong enough that people are giving in a large way,'' says Stacy Palmer, editor of the Chronicle of Philanthropy newspaper."

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