Milken Institute Executive: Anthropic and OpenAI IPOs Will Bring a Third Wave of Charitable Giving
Melissa Stevens, Executive Vice President of Strategic Philanthropy at the Milken Institute, believes that the upcoming IPOs of Anthropic and OpenAI, each valued at at least $1 trillion, will spur a new wave of charitable giving, expected to add $37 billion annually to the philanthropic sector. Citing data showing U.S. charitable giving reached $617 billion in 2026, she advises newly wealthy tech professionals to first establish a giving identity aligned with their own values, and then address complex issues such as hunger and plastic pollution through systematic approaches.
Melissa Stevens, Executive Vice President of Strategic Philanthropy at the Milken Institute, believes that the upcoming IPOs of Anthropic and OpenAI, each valued at at least $1 trillion, will spur a new wave of charitable giving, expected to add $37 billion annually to the philanthropic sector. Citing data showing U.S. charitable giving reached $617 billion in 2026, she advises newly wealthy tech professionals to first establish a giving identity aligned with their own values, and then address c
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