April 19, 2001
Putting Venture Philanthropy Into Perspective
By VARTAN GREGORIANIn recent years, the United States has witnessed unprecedented prosperity. In 1999, there were an estimated 7.2 million millionaires, more than double the number five years earlier. In 2000, American households held more than $50-trillion in assets, up from just over $30-trillion in 1990 and $20-trillion in 1980, according to Hudson Institute estimates.
With this instant wealth, we have witnessed growing demand for instant philanthropy, as
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