Bill Gates, Warren Buffet and now Lord Sainsbury has joined the billion dollar man league in (philanthropic terms).
Lord Sainsbury of the supermarket family, many others of whom are substantial donors through their various trusts has committed to give £ 1 billion to support scientific research, the arts and mental health and projects in East Africa. Like Bill and Melinda Gates, Lord Sainsbury wishes the foundation's funds to be spent during his lifetime, rather than invested to create an endowment for future giving.
The Great Depression of the 1930s saw the emergence some of the most significant endowments of hte 20th Century. Are we seeing a new pattern of active philanthropy for the 21st?
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