Billionaire investor Warren Buffett's pledge to give most of his money to the Bill and Melinda Gates Foundation has experts predicting it could energize the nonprofit sector and possibly spawn a new wave of philanthropy.
'It might draw in new philanthropists, new people who are wealthy who haven't given their money yet,' said Diana Aviv, president and CEO of Independent Sector, a nonprofit coalition of about 550 charities, foundations and corporate giving programs. The Gates Foundation is a member of the group, which is based in Washington, D.C."
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