Billion Dollar Philanthropy: Ritholtz Chart

Barry Ritholtz is a Bloomberg View columnist. He founded Ritholtz Wealth Management and was chief executive and director of equity research at FusionIQ, a quantitative research firm. He blogs at the Big Picture and is the author of “Bailout Nation: How Greed and Easy Money Corrupted Wall Street and Shook the World Economy.”
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In last weekend's reads, I linked to a fascinating Bloomberg Businessweek article, "The $13 Billion Mystery Angels." The article explained that "one of the largest pools of philanthropic funding in the U.S., bigger than the Carnegie and Rockefeller foundations combined ... had taken elaborate steps to make sure no one figured out where this money came from."

As it turns out, it's harder to give away billions of dollars secretly than you might imagine. The complexity is mind boggling (click on the graphic for a bigger version):

P.S. Zachary R. Mider managed to find out exactly who the donors were. Perhaps the lesson here is that in the Internet age, even elaborate can't block a dedicated digger.

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