June 03, 2015

In 2nd ‘Gilded Age,’ Billionaires Are Giving With Legacies in Mind

From PricewaterhouseCoopers and UBS (via the Chronicle of Philanthropy)

The 2015 Billionaires Report, “Billionaires: Master Architects of Great Wealth and Lasting Legacies”: The world is in a second “Gilded Age” of great wealth, and many of today’s billionaires, like their early 20th -century predecessors, view philanthropy as a way to establish their legacies…

Among the findings::

  • Billionaires are focused on giving to programs that provide “tangible and measurable” results, such as how many lives have been improved through their donations and seeing evidence of better health and living conditions. They also favor charitable efforts through microlending programs.
  • “Visible philanthropy,” in which affluent people publicly promise to give away significant portions of their wealth, has become popular among U.S. billionaires. The study cited the more than 100 billionaires who have signed the Giving Pledge, agreeing to donate at least 50 percent of their wealth to charity.

Click here to read the report and view the accompanying video.