News & Stories from CCPS
Young Tech Donors Take Leading Role in Philanthropy 50
February 10, 2015
Twelve of America’s most generous donors, including Jan Koum, the 38-year-old founder of the messaging company WhatsApp, are in Silicon Valley and beyond, and many are under 40.
Michael Moody, a professor at Grand Valley State University’s Johnson Center for Philanthropy, predicts that the money in the tech entrepreneurs’ funds won’t necessarily stay there long. He says young donors aren’t interested in building endowments and instead want to promote immediate change, especially when it comes to accelerating the pace of scientific discovery.
"They’re always looking for a better mousetrap," he says. "For a lot of them, that’s how they made their significant wealth."
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