There's much more to giving it away than simply handing it out | Business | The Observer

There's much more to giving it away than simply handing it out | Business | The Observer: "There's much more to giving it away than simply handing it out


With billionaires eager to do good, advising them on their philanthropic 'investments' has become big business, writes Heather Connon

Sunday December 17, 2006
The Observer

Forget yachts, private planes and island hideaways: the new status symbol among the very rich is philanthropy. A growing number of those who have made their millions in investment banking, private equity or hedge funds are looking at ways to give some of it back through charitable projects. But while we might be content to give friends an Oxfam goat for Christmas or set up a standing order to our favourite charity, the super-rich are much more professional about their giving."