5 'new money' foundations you should know

Today, the world counts more millionaires than ever before — and an increasing share of them are seeking to make a difference in big, bold ways.

Fueled by the emergence of a new class of wealthy individuals, developing and emerging economies are witnessing a sharp growth in the number of homegrown private foundations.

Meanwhile, American self-made billionaires continue to dominate the global giving space — a trend which is likely to continue as the rising stars and new big names of Wall Street and Silicon Valley increasingly embrace philanthropy.

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