What would you do with $70 million?

(published in NYTimes.com, April 15, 2008)

This is the dilemma faced by Michael, a 31-year-old who will soon inherit a large sum of money.

For reasons that the truly wealthy will immediately understand, Michael has been advised to set up a foundation. “I have to donate about $70 million over the next decade,” he laughs. “Or maybe it’s $50 million. I can never remember.”

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