Jan 1, 2007 12:00 PM

By Karen H. Putnam, principal and director of philanthropic advisory services, Bessemer Trust Compan

Last year, Warren Buffett threw down the gauntlet: Here's what philanthropy looks like on the grandest scale. Together, he and Bill Gates have set out to change the world using a private foundation through which $60 billion of their money will flow to a variety of causes, most specifically educating children globally and protecting those in impoverished nations from the ravages of disease.

This year, other philanthropists are going to have to figure out how they will rise to the challenge. Does the Buffett-Gates partnership mean philanthropists with mere millions to donate have suddenly become less important? Will Buffett-Gates philanthropy inspire them to give more, in more creative ways and make a bigger difference? Or will they focus locally, rather than globally, where they can have a clear impact?

Topics of Interest

Estate Tax	Donor Advised Funds
GSTs	Family Offices
Private Foundations	Life Insurance
2010 Tax Act News	Industry Trends Surveys

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Topics of Interest

Estate Tax	Donor Advised Funds
GSTs	Family Offices
Private Foundations	Life Insurance
2010 Tax Act News	Industry Trends Surveys

E-Newsletter Signup

2011 Trust Glossary

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50 Years Ago This Month

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50 years ago, in May 1962, we featured articles such as: "Future of Canadian Trusteeship" by Arthur H. Mingay", "Training Trust Employees" by Ian M. Marr, "What is a Trust Officer?" by Eric J. Brown, and "Selling Services" by Donald I. Webb.

Conrad Teitell's Guide to Tax Benefits For Charitable Gifts

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