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How to give like a businessman: The lesson of Andrew Carnegie’s Gospel of Wealth

THIS week’s announcement that British venture capitalist Michael Moritz has given £75m to Oxford University is a welcome reminder of the great contribution that many in the financial services industry continue to make to worthy causes, either in public or behind the scenes. Moritz’s gift will support scholarships for the poorest students. In so doing, he joins the likes of hedge fund billionaire Arpad Busson and his Absolute Return for Kids charity and Lord Stanley Fink, the former Man Group chief executive, who donates 30 per cent of his income every year to charity, and City A.M., which raised £1.5m in its 2011 Christmas appeal. Continue reading

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