Philanthropy
Why the Richest Americans Can’t Give Money Away Fast Enough
Billionaires’ personal fortunes are rising faster than their pace of donations. Does that mean they need to step it up?
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America’s wealthiest have been getting a lot of unsolicited advice lately about their philanthropy, especially since the pandemic inflated the fortunes of the top 0.1% while devastating the broader economy.
Their critics’ loudest complaint: You should be giving your money away much faster.