Like Warren Buffett, a new wave of philanthropists are rushing to spend their money before they die. The Wall Street Journal, July 8-9, ’06 had an interesting article on the subjest.
Amoung other things it listed big names and big gifts and a new generation of philanthropists. Those with health related objectives are:Gates and now joined by Buffett, Robert Wood Johnston Foundation, Michael Milken, and Sergey Brin and Larry Page.
In a related article The Financial Times reported this month the increasing scrutiny possible by the government over these large foundations.
Advocates of greater regulation of foundations argue that the privileged tax status comes with the requirement of public account ability.