No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Sunday, October 5, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Business

Hundreds of billionaires pledged to give away $600 billion to charity—but the Bill Gates and Warren Buffett era of philanthropy may be over

by TheAdviserMagazine
4 months ago
in Business
Reading Time: 4 mins read
A A
Hundreds of billionaires pledged to give away 0 billion to charity—but the Bill Gates and Warren Buffett era of philanthropy may be over
Share on FacebookShare on TwitterShare on LInkedIn




The era of billionaire baby boomer men leading philanthropy is over—wealthy women are taking the reins, as the likes of Bill Gates and Warren Buffett close an epoch of giving. Thanks to newly proposed tax policies, trust-based “stealth giving” and female mega-donors like MacKenzie Scott are the future of philanthropy. 

Bill Gates and Warren Buffett ushered in a new Gilded Era of philanthropic giving, likened in influence to the Rockefellers and Carnegies. But charity work is about to look a whole lot different as higher taxes are threatened on liberal institutions, and new methods of giving are popularized by women mega-donors. 

Earlier this month, Gates announced that he would be sunsetting his foundation, giving away $200 billion by 2045 and expediting his plans to shed his $100 billion personal fortune.

“There’s an air of anticipation in terms of if and how people are going to follow in his footsteps,” Amir Pasic, dean of the Lilly Family School of Philanthropy at Indiana University, tells Fortune. 

And with prolific philanthropist Warren Buffett recently announcing his planned departure from the helm of Berkshire Hathaway at the age of 94, even more change is expected. His Giving Pledge, with 240 billionaires reportedly pledging a pool of $600 billion, opened the hearts and pockets of the ulra-rich. The question arises if billionaires will pick up the torch and stay true to their promises when Buffett also inevitably parts from the pledge’s limelight. 

Experts agree that a shift is on the horizon—but that doesn’t mean a screeching halt to philanthropy altogether. In fact, it could open the door for a more diverse group of donors to take the lead.

“We’re likely to see more women come out of the shadows,” Pasic predicts.

How philanthropy will look in a new era

Many billionaires have started foundations as a way to channel their philanthropic efforts, but a recent decision from the U.S. House of Representatives may upend that practice. Just this week, a budget reconciliation package was approved, which stipulated a tax of 10% on foundations with more than $5 billion in assets.

“The reason this is insidious is that it’s going to really hit the big liberal foundations like Gates, Ford, and Soros,” Kathleen McCarthy, director for the center on philanthropy at CUNY, tells Fortune. “Whereas the conservative foundations are much smaller and they will pay a much lower rate.”

Thousands of liberal foundations led by billionaires including Gates, Scott, George Soros, and Mark Zuckerberg could be hit hard by these tax hikes. This could entirely change how billionaires approach philanthropy. 

“[Billionaires] will start looking at alternative mechanisms once they realize that they’re going to be forced to sunset foundations,” McCarthy says. “That’s what’s being jeopardized right now.”

But some ultra-wealthy donors are already rewriting the rules; MacKenzie Scott’s “stealth giving” practice entails anonymously giving money directly to non-profits, trusting them to handle the funds as they see fit, with no expectations. 

According to McCarthy, as billionaires are driven away from the foundation-based model, they are pulled towards alternative ways of giving. This includes being inspired by Scott’s inconspicuous, direct giving strategy as a way to get around the new taxes.

“I think she’s a trendsetter and sort of moral ballast to the way that Gates has been,” Bella DeVaan, associate director of the charity reform initiative at the Institute for Policy Studies, tells Fortune. “I do see that being not just a trend, but shifting common sense towards trust-based philanthropy.”

Scott donates through her Yield Giving foundation, which has given over $19.25 billion to date across 2,450 non-profits, and experts say billionaires could be inspired to donate directly to organizations to ease the tax hit. DeVaan also predicts that Melinda French Gates will be a pioneer of the philanthropic LLC, an alternative to traditional foundations.

Experts have pulled on a common thread between who is innovating philanthropy, and how the general make-up of mega-donors is changing: women are in the spotlight. With more than 200 new billionaires minted in 2024 alone, nearly four every week, more players are entering the field and women are stepping into wealth. Women being the face of philanthropy may become the status quo. 

Women are becoming the new philanthropic frontrunners 

When tasked with naming the rising stars of philanthropy to fill the big shoes of Gates and Buffett, experts are already noticing a few frontrunners. The one person on everyone’s mind: charitable vagabond MacKenzie Scott.

“This is a woman making a pretty bold statement about how she’s going to give her money away: by trusting the recipients, and not asking for any reporting back,” Pasic says. “She’s in contrast to the very technocratic way that Bill Gates has approached matters.”

Experts also throw out names like Melinda French Gates, who also played a pivotal role in the Gates Foundation, and continues to be a leading voice in giving. Meanwhile, Mark Zuckerberg and his wife Priscilla Chan are pouring out money to innovate human health. They also note that women have long been benevolent philanthropists, only behind the scenes; Madam C.J. Walker, an African American woman who became the first self-made female millionaire, was a major donor at the turn of the 20th century. 

And in 2025—when U.S. women have even more access to wealth and power than ever before—this group will only be supercharged. Not only have they come into stable, high-paying executive positions, but many women have also grown to be financially savvy as they’ve gained control over their money and careers. 

“You’ll see women becoming much more prominent mega donors,” McCarthy says. “They’re very comfortable handling money. They’re very comfortable doing research, and they’re looking for ways to change the system.”

This story was originally featured on Fortune.com



Source link

Tags: billBillionBillionairesBuffettcharitybutEraGatesgivehundredsphilanthropypledgedWarren
ShareTweetShare
Previous Post

Wells Fargo Upgrades Sonoco Products (SON) Stock, Lifts PT

Next Post

Nifty faces stiff resistance near 25,100; sector rotation is key

Related Posts

edit post
Shekel strengthens as hope for Gaza deal rises

Shekel strengthens as hope for Gaza deal rises

by TheAdviserMagazine
October 5, 2025
0

The shekel has strengthened against both the US dollar and the euro following President Trump's post on the prospects of...

edit post
During a White House meeting, Hakeem Jeffries spotted a ‘Trump 2028’ hat and asked JD Vance ‘Hey, bro, you got a problem with this?’

During a White House meeting, Hakeem Jeffries spotted a ‘Trump 2028’ hat and asked JD Vance ‘Hey, bro, you got a problem with this?’

by TheAdviserMagazine
October 4, 2025
0

“Trump 2028,” they said, situated across from the seated lawmakers, Vice President JD Vance and several untouched Diet Cokes. House Democratic leader...

edit post
Stellantis said to plan  billion in U.S. turnaround investments

Stellantis said to plan $10 billion in U.S. turnaround investments

by TheAdviserMagazine
October 4, 2025
0

Stellantis NV is planning to invest about $10 billion in the US as the troubled maker of Jeep sport utility...

edit post
Trump to federalize 300 members of the Illinois National Guard ahead of expected deployment to Democratic state

Trump to federalize 300 members of the Illinois National Guard ahead of expected deployment to Democratic state

by TheAdviserMagazine
October 4, 2025
0

The Trump administration plans to federalize 300 members of the Illinois National Guard, Democratic Gov. JB Pritzker said Saturday. Pritzker...

edit post
Spot crypto ETFs outperform trusts and strategy funds (BTC-USD:Cryptocurrency)

Spot crypto ETFs outperform trusts and strategy funds (BTC-USD:Cryptocurrency)

by TheAdviserMagazine
October 4, 2025
0

Chinnapong/iStock Editorial via Getty ImagesInvestors seeking bitcoin or ether exposure without directly holding coins now have three main choices: crypto...

edit post
If you’re not an AI startup, good luck raising money from VCs

If you’re not an AI startup, good luck raising money from VCs

by TheAdviserMagazine
October 4, 2025
0

Image Credits:Getty Images New PitchBook data illustrates how dramatically AI is dominating startup investment, with 2025 on-track to become the...

Next Post
edit post
Nifty faces stiff resistance near 25,100; sector rotation is key

Nifty faces stiff resistance near 25,100; sector rotation is key

edit post
Fusion Finance suffers 4th consecutive quarterly loss at Rs 165 crore

Fusion Finance suffers 4th consecutive quarterly loss at Rs 165 crore

  • Trending
  • Comments
  • Latest
edit post
What Happens If a Spouse Dies Without a Will in North Carolina?

What Happens If a Spouse Dies Without a Will in North Carolina?

September 14, 2025
edit post
California May Reimplement Mask Mandates

California May Reimplement Mask Mandates

September 5, 2025
edit post
Does a Will Need to Be Notarized in North Carolina?

Does a Will Need to Be Notarized in North Carolina?

September 8, 2025
edit post
DACA recipients no longer eligible for Marketplace health insurance and subsidies

DACA recipients no longer eligible for Marketplace health insurance and subsidies

September 11, 2025
edit post
‘Quiet luxury’ is coming for the housing market, The Corcoran Group CEO says. It’s not just the Hamptons, Aspen, and Miami anymore

‘Quiet luxury’ is coming for the housing market, The Corcoran Group CEO says. It’s not just the Hamptons, Aspen, and Miami anymore

September 9, 2025
edit post
Tips to Apply for Mental Health SSDI Without Therapy

Tips to Apply for Mental Health SSDI Without Therapy

September 19, 2025
edit post
Shekel strengthens as hope for Gaza deal rises

Shekel strengthens as hope for Gaza deal rises

0
edit post
Dave Ramsey on X: 3 Simple Steps to Tackle Debt Even With a Small Paycheck

Dave Ramsey on X: 3 Simple Steps to Tackle Debt Even With a Small Paycheck

0
edit post
Global demand for US master’s degrees plunges by 60%

Global demand for US master’s degrees plunges by 60%

0
edit post
First Circuit Rules Trump’s Birthright Citizenship Executive Order is Unconstitutional

First Circuit Rules Trump’s Birthright Citizenship Executive Order is Unconstitutional

0
edit post
What You Need To Know Ahead of Tesla’s Earnings Release

What You Need To Know Ahead of Tesla’s Earnings Release

0
edit post
The Economics of AI: Dispelling Fears and Embracing Entrepreneurship

The Economics of AI: Dispelling Fears and Embracing Entrepreneurship

0
edit post
Shekel strengthens as hope for Gaza deal rises

Shekel strengthens as hope for Gaza deal rises

October 5, 2025
edit post
Key Price Breakout Sets Dogecoin On 153% To Clear alt=

Key Price Breakout Sets Dogecoin On 153% To Clear $0.65 In Quick Succession

October 4, 2025
edit post
Robert Kiyosaki Wants to Vomit as Buffett Words Signal Crash Ahead, Doubles Down on Bitcoin

Robert Kiyosaki Wants to Vomit as Buffett Words Signal Crash Ahead, Doubles Down on Bitcoin

October 4, 2025
edit post
During a White House meeting, Hakeem Jeffries spotted a ‘Trump 2028’ hat and asked JD Vance ‘Hey, bro, you got a problem with this?’

During a White House meeting, Hakeem Jeffries spotted a ‘Trump 2028’ hat and asked JD Vance ‘Hey, bro, you got a problem with this?’

October 4, 2025
edit post
Stellantis said to plan  billion in U.S. turnaround investments

Stellantis said to plan $10 billion in U.S. turnaround investments

October 4, 2025
edit post
Stablecoin Yield Means Banks Must Now offer Customers Real Interest

Stablecoin Yield Means Banks Must Now offer Customers Real Interest

October 4, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Shekel strengthens as hope for Gaza deal rises
  • Key Price Breakout Sets Dogecoin On 153% To Clear $0.65 In Quick Succession
  • Robert Kiyosaki Wants to Vomit as Buffett Words Signal Crash Ahead, Doubles Down on Bitcoin
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.