By Channel NewsAsia's US Correspondent Julie Donnelly | Posted: 29 July 2006 1235 hrs
WASHINGTON : Recently, there has been an explosion in large gifts from well-known figures to charity, and experts say these high-profile investments for good are transforming philanthropy.
Right now, philanthropy is hot.
Hollywood stars like Angelina Jolie are focusing attention on the plight of the world's poor.
And billionaire Bill Gates recently announced he will soon leave Microsoft, the empire he created, to run the charitable foundation he started with his wife Melinda.
Now, financier Warren Buffett says he will join Gates by pledging US$30 billion - the single biggest donation in history.
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