The Chronicle of Philanthropy

Contribution to History

Investor's mega-pledge signals new era for philanthropy

By Ian Wilhelm

When the billionaire investor Warren Buffett announced his plans to donate 85 percent of his vast fortune to charity, the nonprofit world reacted with near euphoria. But almost before the ink could dry on the deal, the applause faded and questions arose.

In an unprecedented move, Mr. Buffett, chairman of Berkshire...

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