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posted by janrinok on Friday November 11 2016, @01:08PM   Printer-friendly
from the you-can-only-spend-so-much dept.

About half of the top 50 philanthropist dollars in the United States in 2014 were given by tech entrepreneurs, according to The Chronicle of Philanthropy. Overall, the technology sector gave away $5 billion that year, though their charitable contributions dropped precipitously last year to $1.3 billion (possibly skewed due to the absence of "mega-gifts," such as a $2 billion donation by the Bill and Melinda Gates Foundation in 2014).

"There is a very real surge of philanthropy from tech sector leaders," says David Callahan, founder and editor of Inside Philanthropy, a news website that tracks nonprofits. "Many of these folks believe in giving early in life while still in their careers, as opposed to a more traditional model of waiting until later in life."


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  • (Score: 1) by khallow on Saturday November 12 2016, @10:00AM

    by khallow (3766) Subscriber Badge on Saturday November 12 2016, @10:00AM (#425999) Journal
    I think also we need to consider the dark side of charity, parasitic agents who suck wealth out of charities for ideology or their own benefit. If you create a billion dollar charity in perpetuity, eventually it'll get taken over by a group who has more interest in using the wealth for their own purposes than in the expressed purposes of the charity.