Buffett Gift May Influence Giving by the Wealthy

Warren Buffett’s investing style has attracted a large following among amateur investors, and some philanthropy consultants are predicting that his decision to give away most of his fortune will influence other donors to follow his approach, reports The Wall Street Journal.

Some consultants say his gift reflects a growing desire among certain wealthy people to make big donations while they are alive, rather than through bequests after they have died. Philanthropists like both the publicity they get for giving while they are alive, plus the tax benefits, the newspaper says.

Also: Read The Chronicle’s article on Mr. Buffett’s gift. (A paid subscription is required to view these articles.)