Heard on the Web: Will Facebook IPO Benefit Charities?

Heard on the Web: Will Facebook IPO Benefit Charities?

News story posted in Demographics on 2 February 2012| comments
audience: National Publication | last updated: 2 February 2012
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Summary

According to a report by MSNBC, the Facebook IPO will mint over 1,000 new millionaires. Experts are stating they expect nonprofits, donor advised funds and charitable remainder trusts to benefit from the largest Internet IPO in history.

From MSNBC:

What will a new generation of Facebook millionaires do with their wealth? It’s a good bet that many will splurge on a fancy new car, purchase a new home or perhaps even plan a trip to space. But it's also likely that they’ll be giving some of it away to charity.

For more, go to: 

The Facebook effect: Will charities reap some of the IPO dough?

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