Why Billionaires Hesitate to Increase Philanthropy

Marie Dageville, who became a billionaire after Snowflake's IPO, emphasizes the importance of starting to give away wealth, challenging the notion that it's difficult. Despite initiatives like the Giving Pledge, which encourages billionaires to donate half their fortunes, many face structural and emotional barriers. These include finding the right philanthropic vehicles and dealing with family dynamics. Experts suggest viewing philanthropy as a diversified portfolio to mitigate these challenges. Dageville trusts nonprofits to allocate funds effectively, advocating for general operating grants.