How the new philanthropists’ intellectual capital is changing society
Unlike the days of yore, when folks waited until retirement before turning into tea-and-biscuits philanthropists, many newly wealthy Americans today are rolling up their sleeves and starting small-to-medium foundations when they are in mid-life transition. Foundations now in the hands of people in their 40s control a charitable war chest worth some $83 billion—nearly twice the giant Gates and Ford Foundations combined. But it’s not the size of the philanthropic assets in question that makes this mid-life group so important, it’s the little seen intellectual capital they are building that will be critical to tomorrow’s society.
To read the entire story at Barron’s Penta—and be inspired—go here: