http://www.washingtonpost.com/poste...e-rich-for-supporting-the-underclass/?hpid=z4
And it doesn't hurt that the solutions they come up make money for the family's other businesses . . . amirite Bill Gates?
The past two decades have spawned a new wave of billionaires who’ve have taken up the banner of social justice, sparking a golden age of philanthropy not seen since the days of Rockefeller, Carnegie and Morgan. A study at Boston College found the 0.22 percent of families with incomes of $1 million or more contributed about 13 percent of charitable giving in the United States. Since the early 1980s, the number of grant-giving foundations has spiked from about 22,000 to some 65,000 today.
This new crop of philanthropists made their millions through business sense, entrepreneurship, and capitalism. And now, they’ve turned those same tools to helping others. The result is a shift toward low-cost, high impact solutions that address the root of social ills.
And it doesn't hurt that the solutions they come up make money for the family's other businesses . . . amirite Bill Gates?