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Tech Philanthropists Are Giving Away Billions

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

Phoenix666 writes:

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: 2) by Capt. Obvious on Sunday November 13 2016, @05:23AM

    by Capt. Obvious (6089) on Sunday November 13 2016, @05:23AM (#426203)

    Even not counting the billionaires, there is so much money flowing out of the country for clean water projects, housing projects, and food-aid projects all around the world that you wouldn't believe

    Well, the US foreign aid budget is really low. Like, if I recall, lower than Finland's. And I don't mean per-capita.

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