Hundreds of billionaires pledged to give away $600 billion to charity—but the Bill Gates and Warren Buffett era of philanthropy may be over
- Billionaire Children’s Boomer Men Completed Charity– Other women take the wounds, as the bills of the bill and Warren Buffett are closing the age of giving. Thanks to the newly offered tax policy, the “stealth owner” and female Mega-Donors are the future of charity based on confidence-building trust.
Bill Gates and Warren Buffett used a new gilded era of charitable devotion to influence and whirls. But charity work is going to be very different, as higher taxes are threatened by liberal institutions, and new methods of giving are popularly by women’s mega-donors.
At the beginning of this month, Gates stated that he would be in the sun with his foundation, refusing $ 200 billion to $ 100 billion.
“There are expectation of expectation, if people are going to follow in his footsteps,” says Lily Pasik, the University of Indiana at the University of Indiana. Fortune
And fruitful benefactor Warren Buffett recently announced his planned to leave the wheel Berkshire Hathaway More changes are expected at the age of 94. His Pledge240 billionaires reported to attract a pool $ 600 billionopened the hearts and pockets of extreme rich people. The question arises if the billionaires take the torch and remain loyal to their promises when the buffet inevitably gives them the pledge of attention.
Experts agree that the shift is on the horizon, but that does not mean that it is charming at all. In fact, it can open the door for a more diverse group of donors to be guided.
“We will probably see that more women are leaving the shadows,” Pasic predicts.
How do charity will affect the new era?
Many billionaires have started the grounds as their charity efforts to the TV channels, but the last decision of the US House of Representatives can eliminate that practice. Just this week, budget reconciliation package has been approvedwhich are provided for 10% tax for more than $ 5 billion to assets.
“It’s a disgusting reason is that the big liberal grounds will really hit the gates, Ford and Soros,” said Ketle McCarty, the director of the Charity Center in Kenni. Fortune “Meanwhile, conservative funds are much smaller and they will pay much lower exchange rate.”
Thousands The liberal foundations led by billionaires, including gates, Scott, George Soros and Mark Uck, could hit these tax campaigns hard. This could completely change how the billionaires approached charity.
Hotspent[Billionaires] They will start looking for alternative mechanisms when they realize that they will have to the grounds of sunset, “says McCarty.
But some extremely rich donors are already rewriting the rules. In practice, Mackenzie Scott’s “stealth” practice implies anonymously to make non-profit, trusting them so that they can see the funds without any expectations.
According to MCCARTHY, as billionaires leave the foundation-based model, they are dragged in alternative ways. This includes inspired by Scott’s imperceptible, directly giving a strategy as a way to get around new floors.
“I think he is a tender and moral ballast, when the gates were the gates,” says Bella Dila, Associate Professor of the Charity Reform Initiative Fortune “I see that this is not only a trend, but I generate common sense to trust-based charity.”
Scott is dedicating through himself Yield The foundation, which has so far provided more than $ 19.25 billion, and experts say that billionaires can be inspired by donating organizations. Davanyan also predicts that Melinda’s French gates will be a pioneer of a charity LLC, an alternative for traditional grounds.
Experts have been pulled over the total thread, which is innovative charity, and how the overall makeup of Mega Donor changes. Women are in the spotlight. With more than 200 new billionaires In 2024 Alone, almost four, more players enter the field and women Walked Wealth. Women who are the face of charity can become a status quo.
Women become new charity frontrunners
When nominated by the growing stars of charity, to fill the big boots of gates and Buffett, experts already notice several fronties. One of everyone’s mind. Charity Wagabond Mackenzie Scott.
“This is a woman who does a fairly bold statement about how she will give money. By trusting recipients and not asking to return any story, “says the Passion. “Unlike the technocratic means, Bill Gates approached the questions.”
Experts also throw names in Melinda French gates, which also played a key role in the Gates Foundation and continue to vote. Meanwhile, Mark Uck Uckberg and his wife, Priscilla Chan, fill money to innovate human health. They also note that women have long been charitable benefactors only on the scenes. Madam CJ WalkerAfrican American woman, who became the first independent woman millionaire, was a major donor of the 20th century.
And in 2025. When American women are even more available to wealth and power than ever, this group will only be overwhelmed. They not only entered stable, highly paid executive positions, but many women also grew up financially saving because they had control over their money and career.
“You will see that women become much more famous mega donors,” says McCarty. “They are very comfortable money. They are very comfortable studying and they are looking for ways to change the system. “
This story was originally shown Fortune.com
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