Bill Gates and Warren Buffett ushered in a new Gilded Era of philanthropic giving, likened in influence to the Rockefellers and Carnegies. But charity work is about to look very different as higher taxes are threatened on liberal institutions, and new methods of giving are popularized by women mega-donors. MacKenzie Scott has become a pioneer in the cultural shift, gifting more than $200 million to HBCUs and charitable causes in recent months.
Earlier this year, the world of philanthropy was shaken up when Gates announced that he would be sunsetting his foundation, giving away $200 billion by 2045 and expediting the plan to shed his $100 billion personal fortune.
