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...Those sentiments are increasingly heard throughout Asia, where mounting prosperity and changing attitudes toward charity are altering the ways the wealthy give back to society. Charitable donations in the region have traditionally tended to be a private affair, with the rich quietly giving directly to needy individuals within a family, religion or village network. Now, with tens of thousands of Asians amassing fortunes so large they can no longer responsibly give away substantial sums on a personal, ad hoc basis, professionally run philanthropic foundations like those that arose in the West in the late 19th century are coming...

Author: /time Magazine | Title: Learning the Art of Giving | 9/4/2006 | See Source »

...some respects, Asian philanthropists have to work outside the system. They often get little government encouragement. Significant tax incentives for philanthropy don't exist in the region, and in some countries the rich who do give are as likely to be looked upon with suspicion as gratitude. The relationship is especially fraught in China, where even before the communist era, private giving had to be done in conjunction with the authorities. "Those who acted outside the state, as the Rockefellers did [in the U.S.], could have been seen as potentially dangerous, undermining the power of the government," says Vivienne Shue...

Author: /time Magazine | Title: Learning the Art of Giving | 9/4/2006 | See Source »

...have time for nothing. When I was 17, I thought, If I ever get rich, I'll build a Wiffle dome. Of course, I now realize it'd cost $5 million and I'd be a mockery...

Author: /time Magazine | Title: People: Sep. 11, 2006 | 9/3/2006 | See Source »

...Segway is a technological marvel [Aug. 21]. But here in Middle America it is seen as an expensive toy for the rich who live on the coasts. Perhaps if the company offered some discounted units to police departments or civic organizations, we could see one in action--and that just might help make a few sales. MIKE COLEMAN Union...

Author: /time Magazine | Title: Letters: Sep. 11, 2006 | 9/3/2006 | See Source »

...keep up the Every-man appeal when you're rich...

Author: /time Magazine | Title: People: Sep. 11, 2006 | 9/3/2006 | See Source »

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