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Tech Philanthropists Are Giving Away Billions

Accepted submission by Phoenix666 at 2016-11-10 18:48:30
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About half of the top 50 philanthropist dollars in the United States in 2014 were given by tech entrepreneurs [singularityhub.com], according to The Chronicle of Philanthropy [philanthropy.com]. 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 [insidephilanthropy.com], 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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