Philanthropic stamina
10,000 families in the US, Katherine Fulton reported, have assets of $100 million or more. That’s up from 7,000 just a couple years ago. Most of that money is “on the sidelines.” The poor and the middle class are far more generous in their philanthropy, proportionally, than the very wealthy. Philanthropy across the board is in the midst of intense, potentially revolutionary, transition, she said. There’s new money, new leaders, new rules, new technology, and new needs…
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