Environment And Conservation Finally Become Urgent Issues For Philanthropists [Forbes]
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Source: Forbes
Environmental concerns have crept up philanthropist's agendas as they realise the urgency of climate change, a pair of reports published on Friday show The environment and conservation are a top focus of time-limited philanthropic institutions, a report from Rockefeller Philanthropy Advisers shows. Time-limited, or spend-down organisations, aim to complete their philanthropic projects within a specific time-frame and they have grown rapidly: Nearly half of all organisations established since 2010 are time-limited and most of them want to spend their entire budget within 20 years. This contrasts with previous philanthropists that have traditionally built long lasting foundations focusing on issues like education, health or the arts. However, the status quo has slowly been changing since the Bill & Melinda Gates Foundation said it would spend all its resources within 20 years of the Gates' deaths. Driving this change is the more immediate demands of the next generation of philanthropist
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