NY Times (November 15, 2021): The Consulting Firm Billionaires Turn to When They Give Away Money

Nicholas Kulish, in his New York Times article, discusses the little-known Bridgespan Group that is guiding philanthropic efforts of America’s wealthiest donors. His article, “The Consulting Firm Billionaires Turn to When They Give Away Money”, begins as follows:

MacKenzie Scott stepped out of the long shadow of her former husband, the Amazon founder Jeff Bezos, by handing out billions of dollars in grants over the past two years to charities, community colleges, food banks and progressive nonprofits led by people of color.

Advising her was a team of consultants at a firm that is hardly known outside philanthropic circles but highly influential within them, the Bridgespan Group.

Spun out of the consulting firm Bain & Company as a nonprofit, Bridgespan is one of a host of groups that arose in the early 2000s as a new wave of giving led by tech billionaires was beginning to crest. Two decades later, the consultants working behind the scenes are more important than ever.

To see the full article, click: “The Consulting Firm Billionaires Turn to When They Give Away Money”

Posted by Marin Larkin, Associate Editor, Wealth Strategies Journal.

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