Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

According to a report from the Milken Institute about the shifting dynamics of philanthropy, the tension is setting the stage for a “reckoning” in the sector as younger generations gain more influence over family checkbooks.For decades, philanthropy has centered on legacy-building and long-term giving, and some of the world’s wealthiest families have already committed to giving away much of their fortunes through initiatives like the Giving Pled…