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Blockbuster IPOs may create a secondary giving windfall

Philanthropy groups are seeking a cut of the new ultrawealth created as major tech startups prepare to go public.

Reported · Written up by our desk · IPOs

As major startups including Anthropic and OpenAI move toward initial public offerings, the potential creation of new tech millionaires is drawing attention from nonprofits, according to NYT Business.

The outlet reports that philanthropic organizations are hoping to benefit from secondary giving tied to the wealth of the next wave of ultrawealthy investors and founders.

Nonprofits are positioned to capture donations stemming from the IPO-driven liquidity event, the report says, as supporters look to convert new wealth into charitable contributions.

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