Jul. 9th, 2007

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Giving Till It Hurts


They are forgoing vacation homes, early retirement and college saving plans. Sally Beatty on the increasing number of 'stretch' givers who donate out of proportion to their wealth.

By SALLY BEATTY
July 6, 2007; Page W1


For 37 years, Nobuko Kajitani worked as a textile conservator at New York's Metropolitan Museum of Art. She lived modestly, shunning restaurants, walking to work and recycling shopping bags and wrapping paper.


[Giving Till It Hurts]
James Doty gave $29 million to charity, about 99% of his net worth.

Ms. Kajitani retired in 2003. Two years later, she stunned Manhattan's Asian Cultural Council by pledging a $1 million gift to the nonprofit arts group, which decades earlier had aided her textile-preservation work with $8,000 in grants. Her gift represents the bulk of the 72-year-old's net worth.Read more... )

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