Foundations, like the ones run by Mr. Gates and Mr. Bloomberg, account for $67 billion of gifts made. For Mr. Rosen, though, it was also a way to try something new in philanthropy after a lifetime in the big leagues. “Unfortunately, I gave away too much, too soon, and lived too long,” said Mr. Rosen, 85. Mr. Rosen’s approach is not a rebuke of the splashy grants that technology giants are making today but an exploration of a different way of giving. “It’s a completely different world,” Mr. Rosen said.

Source: New York Times August 17, 2018 19:30 UTC