Step aside, Rockefeller. Move over, Carnegie. Out of the way, Ford.

In a matter of years, a new crop of ultra-wealthy Americans has eclipsed the old guard of philanthropic titans. With names like Soros, Gates, Bloomberg, Mercer, Koch and Zuckerberg, these new megadonors are upending long-established norms in the staid world of big philanthropy.

Plenty of billionaires are still buying sports teams, building yachts and donating to museums and hospitals. But many new philanthropists appear less interested in naming a business school after themselves than in changing the world.

This is a small group of people, who have made way more money than they need, deciding what issues they care about. That affects us all.”

Read the full article by David Gelles about philanthropy donations from The New York Times