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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."
(Score: 5, Interesting) by RedGreen on Friday November 11 2016, @04:37PM
"Instead of taking *all* of the money then throwing some scraps back, how about working for a fair and equitable society where everyone can make a living?"
Indeed but that makes sense so will never happen also plus it eliminates the egomaniacs factor whereby the mostly undeserving praise heaped upon them will not happen. But the thing that really bothers me most is these people never actually give anything away it almost all the time goes into some self named foundation that only spends the interest while spending that interest on advancing a political/corporate interest of the donor at the same time employing family members on big fat salaries. Oh all the while getting massive break on the taxes owed by them. If they were truly altruistic then it would all be done in secret donations taking no tax breaks to existing organizations. Instead it is almost always a whitewash of some petty detestable character in an effort to clean up the image before they are dead.
"Cervantes definitely was prescient in describing a senile Don fighting against windmills." -- larryjoe on /.