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More and more rich people are choosing to give their money away before they die. Facebook founder Mark Zuckerberg has pledged to give away 99% of his family's Facebook stock - a gift estimated at the time to be worth $45 billion dollars. Some mega-donors are even pressing to spend donated funds their own lifetimes.
Joel Fleishman, a preeminent scholar on philanthropy, compares this current trend with the more traditional approach of perpetual foundations which are designed to last for generations. Fleishman's book is Putting Wealth to Work - Philanthropy for Today or Investing for Tomorrow.
By Sanford School of Public Policy, Duke University4.9
1717 ratings
More and more rich people are choosing to give their money away before they die. Facebook founder Mark Zuckerberg has pledged to give away 99% of his family's Facebook stock - a gift estimated at the time to be worth $45 billion dollars. Some mega-donors are even pressing to spend donated funds their own lifetimes.
Joel Fleishman, a preeminent scholar on philanthropy, compares this current trend with the more traditional approach of perpetual foundations which are designed to last for generations. Fleishman's book is Putting Wealth to Work - Philanthropy for Today or Investing for Tomorrow.

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