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Blockbuster I.P.O.s Are Creating New Millionaires. Philanthropies Want a Cut.
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Blockbuster I.P.O.s Are Creating New Millionaires. Philanthropies Want a Cut.

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As start-ups like Anthropic and OpenAI prepare to go public, nonprofits are hoping for a secondary giving windfall from the new tech ultrawealthy.

As a series of blockbuster I.P.O.s mint a new crop of the ultrawealthy, nonprofits are scrambling to figure out how they can share in the bonanza. University fund-raising departments are making lists of potential white whales and philanthropy executi... [1429 chars]

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Source: The New York Times

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