Giving It All Away - Newsweek: International Editions - MSNBC.com: "Giving It All Away
For young high fliers, philanthropy is just another form of business.
May 15-22, 2006 issue - Philanthropists Used to Dole Out charity from the comfort of their leather armchairs. Not so John Wood. A Microsoft millionaire and head of business development for the company in China, Wood decided to start his own nonprofit back in 1999 during a trek to Nepal, where he saw firsthand the poverty and lack of opportunity. Wood handed in his resignation, cashed out $50,000 worth of shares and started Room to Read, now a $10 million organization that has opened thousands of libraries and schools for children in six countries around the world.
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