The Old Model of Billionaire Philanthropy Is Ending

credit: Wikimedia via FamilySearch

Beth Kowitt: Gates Foundation will close in 20 years.

She says it's the end of an era in billionaire philanthropy.

Gates and Warren Buffett introduced the Giving Pledge, she says.

But younger billionaires are less likely to commit to giving away their money, Kowit says.

The model of philanthropy that Gates represents is far from perfect, she writes.

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