Thousands of American households enjoying relatively new wealth are fuelling a transfer of money unlike anything ever seen in the U.S.A., observers report.
Several large business schools have increased their course offerings and seminars in non-profit management and strategic planning.
Observers point out that many of today’s millionaires and billionaires have made their money suddenly and at a relatively young age and their activism and decisions as to how their charitable contributions are allocated will have considerable impact on what our society will look like in the future.
Source: Stephanie Strom, The Newly Rich Are Fuelling a New Era in Philanthropy, New York Times, April 27, 2002.
For text http://www.nytimes.com/2002/04/27/national/27GIVI.html
For more on Social Welfare Research Institute http://www.bc.edu/bc_org/avp/gsas/swri/swri_about.htm
For more on Charities and Foundations http://www.ncpa.org/iss/wel/
FMF Policy Bulletin\6 May 2002
